Dentists view their accountant or CPA as a key business advisor. But they rarely get the advice they need. As business leaders, dentists face a complex financial ecosystem. Inadequate advice can reduce a dentist’s wealth build-up by up to 75%. Which explains why so few dentists achieve financial independence before their late 60s. However, when dentists receive proactive financial advice that “brings it all together,” they can dramatically increase their financial organization and accelerate their financial freedom.
Learning objectives:
- Why dentists struggle to grow financially as fast as they should and why accountants help.
- What a solid “financial planning system” looks like for a dentist and why his accountant isn’t helping him.
- Why most accountants and tax planners are costing you large sums in unnecessary taxes.
- Why most dentists (and their accountants) don’t understand ERISA retirement plans (eg 401K) and what dentists can do about it.
Presenters:
Wes Read – Wes Read is a CPA and Certified Financial Planner (CFP)®). He is the founder and CEO of PracticeCFO, a CPA and financial advisory firm specializing in helping dentists across the country make meaningful financial progress and achieve their life goals. PracticeCFO provides integrated personal financial planning, tax, accounting and investment services. Prior to founding PracticeCFO, Wes worked for Ernst and Young LLP. He graduated from Brigham Young University with a bachelor’s and master’s degree in accounting in 2005.
Dr Pamela Maragliano-Muniz – Editor-in-Chief of Dental economy. Dr. Maragliano-Muniz is a board certified prosthodontist, and she has a private practice – Salem Dental Arts, and lectures on a variety of clinical topics.
