Retiring Dentists

Whether or not you have an exit strategy in mind, it’s important to understand that if it’s poorly planned, it can cost you a lot of money. Remember, once your income stops, you’ll have been accustomed to a certain type of lifestyle that you’ll likely want to maintain. Experience has shown that you need to start planning and preparing for retirement 5-15 years in advance.

Many “retirement planners” do not specialize in dentistry and therefore don’t understand your business. Since they typically work in silos, they fail to look at the big picture. TMFD Financial recognizes other areas of your tax* and financial planning contain overlap strategies that can put money back in your pocket.

We know what data sits in the practice database used by brokers to evaluate a practice and, that it does not reflect full value. The value of a practice should not be derived strictly from the past 1-3 years billing, the capital equipment and age of equipment. There is other intrinsic value in your practice that you should realize upon its sale. Your retirement depends on it!

The TMFD Financial team can help you with identifying your target retirement number, and how to position yourself successfully. The subject areas we would evaluate for your personal plan include, but are not limited to:

  1. Tax* & Financial Planning

  2. Preparing practice for sale

  3. Written retirement plans with Individual Pension Plan in place

  4. Estate planning

  5. Reviewing share sale or asset sale

  6. Associating after sale

  7. Comprehensive investment strategies for retirement income

  8. Tax* planning from relevant income sources

We welcome you to contact us today for a complimentary consultation.