Dentists, Puns, and Money

What to Lookout for when Tax Harvesting

Shawn Terrell — Mon, 20 Apr 2026 05:15:00 -0500

In this episode, host Shawn Terrell explores the concept of thinking fourth dimensionally in tax planning, using the analogy from Back to the Future to highlight the interconnectedness of financial decisions.

He discusses how to avoid unintended consequences in tax harvesting and emphasizes the importance of comprehensive, forward-thinking strategies.

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How to Tax Harvest

Shawn Terrell — Mon, 06 Apr 2026 05:15:00 -0500

In this episode, host Shawn Terrell explains the mechanics of tax loss and tax gain harvesting, including when and how to implement it, with practical examples and considerations for maximizing tax efficiency.

Whether you're investing in non-qualified accounts or planning for future dental practice transitions, understanding these concepts can significantly impact your financial efficiency.

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What is Tax Loss and Tax Gain Harvesting?

Shawn Terrell — Mon, 23 Mar 2026 05:15:00 -0500

In this episode, host Shawn Terrell breaks down the complex but powerful strategy of tax harvesting—both loss and gain—to help dentists optimize their long-term tax outcomes.

Whether you're investing in non-qualified accounts or planning for future transitions, understanding these concepts can significantly impact your financial efficiency.

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Roth IRA Conversion Warnings

Shawn Terrell — Mon, 09 Mar 2026 05:15:00 -0500

In this episode, host Shawn Terrell discusses the common confusions surrounding Roth IRAs, particularly the differences between contributions and conversions.

He emphasizes the importance of understanding these differences, the irrevocable nature of conversions, and the tax implications involved.

The episode also highlights the need for accurate reporting on tax returns and offers resources for listeners seeking further information on tax rules and financial planning for dentists.

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Timing Roth IRA Conversions

Shawn Terrell — Mon, 23 Feb 2026 05:15:00 -0600

In this episode, host Shawn Terrell discusses how to think about timing Roth IRA conversions for a dentist who plans to exit from clinical dentistry.

He uses the analogy of a long bike ride on RAGBRAI as a way to think about ideal timing.

The objective for dentists like Dr. Bill is strategic timing of Roth IRA conversions to minimize tax burdens.

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Potential Tax Benefits of Roth IRA Conversions for Dentists

Shawn Terrell — Mon, 09 Feb 2026 05:15:00 -0600

In this episode, host Shawn Terrell discusses the financial implications of Roth IRA conversions for dentists nearing retirement, particularly focusing on how these conversions can mitigate tax burdens and provide greater control over retirement funds.

He explains the strategic advantages of converting deferred accounts to Roth IRAs, highlighting the long-term benefits of tax-free withdrawals and reduced required minimum distributions (RMDs).

Shawn also mentions the importance of tackling difficult tasks promptly, using the metaphor of 'eating the frog' to illustrate the benefits of making hard decisions while mitigating procrastination.

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Lower Retirement Taxes with RMD Planning

Shawn Terrell — Mon, 26 Jan 2026 05:15:00 -0600

In this episode, host Shawn Terrell discusses the importance of planning for Required Minimum Distributions (RMDs) in retirement, using the analogy of a problematic driveway to illustrate the need for proactive financial strategies.

He emphasizes the consequences of not having a plan for RMDs, including higher taxes and implications for beneficiaries.

The conversation also touches on strategies to manage RMDs effectively to minimize tax burdens and ensure financial efficiency for both the individual and their heirs.

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Episode Resource

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Tax Diversification for Dentists in Retirement

Shawn Terrell — Mon, 12 Jan 2026 05:15:00 -0600

In this episode, host Shawn Terrell discusses the importance of tax diversification for dentists nearing retirement.

He explains the four types of taxes on investments: ordinary income, deferred, capital gains, and tax-free.

Shawn emphasizes the benefits of diversifying across these tax types to minimize lifetime tax liability and maximize retirement options.

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Chapters

00:00:00 Introduction to Tax Diversification
00:00:00 Understanding Ordinary Income Tax
00:00:00 Deferred Tax Explained
00:00:00 Capital Gains Tax Overview
00:00:01 Benefits of Tax-Free Investments
00:00:01 Conclusion and Professional Advice

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Decoding The New SALT Deduction Under OBBBA

Shawn Terrell — Mon, 29 Dec 2025 05:15:00 -0600

In this episode, host Shawn Terrell discusses the SALT deduction within the One Big Beautiful Bill.

Listen for insights into how the OBBBA impacts dentists planning their financial future post-clinical practice.

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Understanding the $6,000 Tax Deduction in the OBBBA

Shawn Terrell — Mon, 15 Dec 2025 05:15:00 -0600

In this episode, host Shawn Terrell delves into the One Big Beautiful Bill Act and its implications for those over 65.

It highlights the $6,000 tax deduction available via OBBBA to individuals 65 and older, the implications for Social Security taxation, and the potential for strategic tax planning.

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Chapters

00:00:00 Introduction to the One Big Beautiful Bill Act
00:01:42 Exploring the Tax Deduction for Seniors
00:03:16 Understanding the $6,000 Deduction
00:04:41 Phasing Out and Expiry of the Deduction
00:06:15 Strategic Tax Planning and Conclusion

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OBBBA: Above or Below the Line on Taxes?

Shawn Terrell — Mon, 01 Dec 2025 05:15:00 -0600

In this episode, host Shawn Terrell discusses the complexities of financial language, particularly the terms 'above the line' and 'below the line' in tax contexts, and how they relate to dental professionals.

He explains the impact of the One Big Beautiful Bill Act on these terms and offers insights into deductions and tax strategies for dentists.

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Chapters

00:00:00 Introduction to Financial Language
00:00:00 Above vs Below the Line Explained
00:00:00 Impact of the One Big Beautiful Bill Act
00:00:00 New Deductions and Tax Strategies
00:00:00 Conclusion and Resources

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Episode Resource:

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Revising With An Amalgam

Shawn Terrell — Mon, 17 Nov 2025 05:15:00 -0600

In this episode, host Shawn Terrell discusses the inspiration behind the podcast's new direction, drawing parallels to the movie "Almost Famous" and introducing the fictional character Dr. Bill.

Shawn outlines the podcast's focus on deep dives into retirement planning topics for dentists, starting with the "One Big Beautiful Bill Act" of 2025.

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Chapters

00:00:00 Introduction and Podcast Direction
00:00:00 Introducing Dr. Bill
00:00:00 The One Big Beautiful Bill Act
00:00:00 Tax Implications and Financial Decisions
00:00:00 Conclusion and Resources

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Episode Resource:

https://fierce-teacher-3401.kit.com/17e5993127

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How Much Do You Care About Money?

Shawn Terrell — Mon, 19 May 2025 05:15:00 -0500

In this episode, host Shawn Terrell shares personal anecdotes about prioritizing life experiences over mundane tasks like lawn care, drawing parallels to how dentists should approach their financial futures.

The conversation emphasizes the need for a strategic approach to retirement planning, including income strategies, tax optimization, and intentional legacy planning.

Shawn also believes that not all dentists will need to stress about their finances in their post clinical lives.

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Chapters

00:00 Introduction to Life After Dentistry
06:11 Deciding How Much to Care About Money

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Update on My Roth IRA Conversion – Analysis After Tax Filing

Shawn Terrell — Mon, 05 May 2025 05:15:00 -0500

In this episode, Shawn Terrell provides updates on his own Roth IRA conversion, which was previously discussed on Podcast Episode 95, released in January of 2025.

In this update episode, Shawn dicusses what he learned about his Roth conversion when filing his 2024 taxes and analyzes his decision to execute this tax planning strategy.

He reflects on the federal and state tax implications, the importance of accurate tax reporting, and strategies to avoid underpayment penalties.

He shares insights on planning for tax conversions and emphasizes the long-term benefits of converting to a Roth IRA, despite some unexpected challenges during the process.

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Thoughts on Recent Market Volatility for Retiring Dentists

Shawn Terrell — Mon, 21 Apr 2025 05:15:00 -0500

In this episode of Dentists, Puns and Money, host Shawn Terrell discusses the recent market volatility and its implications for dentists nearing retirement.

Shawn emphasizes the importance of acknowledging anxiety about financial losses, understanding the cyclical nature of the market, and having a solid financial plan in place.

He also highlights the need to look for opportunities during market dips and advises listeners to limit exposure to anxiety-inducing news and social media.

Chapters

00:00 Introduction to Market Volatility
02:51 Understanding Market Fluctuations
05:28 Planning for Financial Security
08:40 Navigating News and Anxiety

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Don't Get Out of Shape

Shawn Terrell — Mon, 07 Apr 2025 05:15:00 -0500

In this episode of Dentists, Puns, and Money, host Shawn Terrell discusses the multifaceted aspects of retirement beyond financial planning.

He emphasizes the importance of maintaining physical health, staying updated with technology, nurturing friendships, and finding purpose in life after clinical practice.

Through personal anecdotes and insights, Shawn highlights how these elements contribute to a fulfilling retirement experience.

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What's Changed in 100 Episodes?

Shawn Terrell — Mon, 24 Mar 2025 05:15:00 -0500

In this 100th episode of the podcast, host Shawn Terrell reflects on the evolution of 'Dentists, Puns and Money' since its inception during the pandemic. He discusses changes in format, frequency, and personal experiences, particularly regarding health challenges.

Shawn emphasizes the importance of recognizing both changes and constants in life, especially for dentists planning their future after clinical practice.

He encourages listeners to contemplate what truly matters in their financial and personal lives as they transition into retirement.

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What's On Your Billboard?

Shawn Terrell — Mon, 10 Mar 2025 05:15:00 -0500

In this episode, Shawn Terrell discusses the importance of living a fulfilling life beyond the confines of dentistry. He introduces the concept of a 'billboard question' inspired by Tim Ferriss, encouraging listeners to reflect on their life philosophies.

Takeaways

You will die someday. Make decisions about how you live your life based on this reality.
Consider what your future self in making decisions.
Actions should align with what you say is important to you.

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Expect the Unexpected After Clinical

Shawn Terrell — Mon, 24 Feb 2025 05:15:00 -0600

Summary

In this episode of Dentists, Puns, and Money, host Shawn Terrell discusses the unexpected challenges faced by dental practice owners and the importance of financial planning for life after clinical dentistry. He shares a story of a practice owner who experienced a series of unfortunate events, emphasizing the need to expect the unexpected.

Takeaways

When bad things happen, they often happen in succession.
Having options for cash flow during market dips is crucial.
Unexpected expenses can arise during retirement planning.

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Resources from Episode

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Don't Forget Your Buns at Tax Time

Shawn Terrell — Mon, 10 Feb 2025 05:15:00 -0600

Summary

In this episode of Dentists, Puns and Money, host Shawn Terrell discusses the importance of tax preparation for dentists, sharing personal anecdotes and practical tips. He emphasizes the significance of a tax filing checklist to avoid common mistakes and ensure all necessary documents are accounted for.

Takeaways

The importance of having a financial treatment plan for life after dentistry.
A tax filing checklist can help avoid missing important documents.
Mistakes on tax returns can lead to complications later.

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Resources from Episode

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Technology for Baby Boomers in Retirement

Shawn Terrell — Mon, 27 Jan 2025 05:15:00 -0600

In this episode of 'Dentists, Puns and Money', host Shawn Terrell uses a popular internet meme from a few years back to explore challenges older clients sometimes have with navigating technology. This could be a growing issue as more and more Baby Boomers enter retirement and are charged with using newer technology to handle the financial piece of their post-clinical life. Shawn emphasizes the importance of human interaction and support in navigating these technological hurdles and seeks feedback from the audience on potential solutions.

Takeaways

Older clients sometimes struggle with technology, impacting their financial management.
A more human approach is needed to assist clients with technology.
The process of accessing client funds has become easier, but requires more time for the initial setup.

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My Roth IRA Conversion - What I Learned

Shawn Terrell — Mon, 13 Jan 2025 05:15:00 -0600

In this episode, Shawn Terrell discusses the importance of being your own best client or patient, and how that relates to his own personal financial situation. He shares his experience with his own Roth IRA conversions and what he learned about timing and strategy in tax planning. As tax laws change after 2025, he provides insights on how to navigate these changes effectively to optimize tax savings.

Takeaways

Roth IRA conversions can be beneficial during low tax periods.
Break up large conversions to manage tax implications better.
Unexpected income can complicate tax planning strategies.
Micro engagements in tax planning can lead to significant savings.

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Resources from Episode

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Financial Planning Updates Inspired by South Park

Shawn Terrell — Mon, 30 Dec 2024 05:15:00 -0600

In this episode, Shawn Terrell discusses essential financial planning strategies for dentists in 2025, focusing on key numbers that will impact retirement savings and tax planning. He highlights the importance of understanding catch-up contributions, especially for those nearing retirement, and provides resources for listeners to access updated financial information.

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Takeaways

Important financial numbers go up every year.
Catch-up contribution for 2025 between age 50-59 is $7,500.
The maximum qualified plan total deferral is $34,750 for ages 60 to 63.
Tax deferred accounts can be crucial for late-stage dentists.
The Secure Act 2.0 introduced new catch-up limits starting in 2025.
Roth IRA and Traditional IRA contribution limit is $7,000 for 2025.
Download all the important numbers for 2025.
Late-career dentists may be able to stuff a little bit more money away.
Understanding these numbers is vital for financial planning.

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Resources from Episode

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Four Money Considerations for 2024 Year-End

Shawn Terrell — Mon, 16 Dec 2024 05:15:00 -0600

In this episode of Dentists, Puns, and Money, host Shawn Terrell discusses essential financial considerations for dentists as they approach the end of 2024. He emphasizes the importance of planning for taxes, including converting to a Roth IRA, understanding required minimum distributions, and utilizing tax loss harvesting strategies. Shawn also highlights the significance of being aware of income thresholds that could affect tax brackets and offers a downloadable checklist for listeners to help them stay organized during the busy holiday season.

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Takeaways

Consider converting some portion of tax deferred accounts to Roth IRAs before year-end.
Ensure required minimum distributions are taken to avoid penalties.
Tax loss harvesting can help offset gains in taxable investments.
Be aware of income thresholds that may affect tax rates.
Maximize contributions to health savings accounts and retirement plans.
Charitable contributions can be made in a tax-efficient manner.
Planning ahead can save money on taxes in the long run.
Utilize available resources and checklists for financial planning.
Stay informed about changes in tax laws and regulations.
The holiday season is a good time to review financial goals.

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Resources from Episode

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3 Money Lessons From a Near-Death Experience

Shawn Terrell — Mon, 02 Dec 2024 05:15:00 -0600

In this episode, Shawn Terrell shares valuable money lessons learned from his near-death experience and strokes in 2023. He emphasizes the importance of organization, accessibility of important documents, and the necessity of disability insurance. Through personal anecdotes and practical advice, he encourages listeners to take proactive steps in managing their finances and preparing for unforeseen circumstances.

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Takeaways

Get organized with your finances and important documents.
Complete your estate planning documents as soon as possible.
Store important documents in an easily accessible location.
Consider digital assets and ensure someone can access them.
Disability insurance is crucial for financial security.
Keep disability insurance if you are financially dependent on your practice.
Use slower periods in life to tackle big financial projects.
Having a plan in place can ease stress during emergencies.
It's hard to convey the impact of a near-death experience.
Life lessons can shape our financial decisions moving forward.

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Resources from Episode

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Dentist Exit Planning:

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Reflections on Life After a Near-Death Experience

Shawn Terrell — Mon, 18 Nov 2024 05:15:00 -0600

Summary

In this episode, Shawn Terrell reflects on his near-death experience and shares profound life lessons learned from it. He discusses the importance of balancing work and life, the inevitability of health changes, and the significance of relationships during tough times. Shawn emphasizes the need to enjoy life in the present rather than waiting for retirement and highlights how unexpected challenges can reshape our perspectives.

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Takeaways

People spend too much of their lives focused on work.
It's important to enjoy life while you're in the middle of it.
Health changes can become a central focus of life.
You can't account for everything in life.
Pay attention to who shows up for you during hard times.
Not everyone wants to think about dying.
Friends may show support in different ways.
Life is unpredictable and requires flexibility.
The importance of health cannot be overstated.
No dress rehearsal, this is our lives.

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Another Stroke - But Bigger

Shawn Terrell — Mon, 04 Nov 2024 05:15:00 -0600

Summary

In this episode, Shawn Terrell shares his harrowing experience of suffering a second stroke in June 2023. He recounts the moments leading up to the stroke, the struggle to call for help, and the emergency response that ultimately saved his life. After a thrombectomy procedure, he reflects on his recovery journey and the support from his family and healthcare professionals. Shawn emphasizes the importance of awareness and quick action in medical emergencies, and he invites listeners to share their thoughts on future topics for the podcast.

Takeaways

The realization of having a stroke can be shocking.
Immediate help is crucial during a medical emergency.
Communication can be challenging when incapacitated.
Family support plays a vital role in recovery.
Medical professionals can make a significant difference.
Awareness of stroke symptoms is essential.
Recovery can be a long and challenging process.
Surviving a stroke can lead to a new perspective on life.
Listener feedback can guide future podcast topics.

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Keywords

stroke, health challenges, recovery, emergency response, personal story, resilience, medical journey, family support, thrombectomy, ICU

Stroke Surprise at Age 45

Shawn Terrell — Mon, 21 Oct 2024 05:15:00 -0500

Summary

In this episode, Shawn Terrell shares his personal health journey, detailing the alarming onset of double vision that led to a series of medical evaluations and ultimately a diagnosis of arterial dissection following a small stroke. He recounts the emotional and physical challenges faced during his hospital transfers, the diagnostic process, and the subsequent treatment plan that emphasized recovery through time. Shawn reflects on the experience, highlighting the importance of awareness and timely medical intervention.

Sound Bites

"I started experiencing double-vision."
"I had a small stroke, which sort of blew me away."
"No brain tumor, good. Arterial dissection, bad."

Takeaways

The onset of double vision can indicate serious health issues.
Emergency medical responses can be critical in health crises.
Understanding strokes is essential for timely treatment.
Arterial dissections can lead to significant health complications.
Recovery from a stroke often requires patience and time.
Hospital experiences can be emotionally challenging.
Communication with medical professionals is vital during emergencies.
Personal health journeys can be unpredictable and frightening.
Awareness of symptoms can lead to quicker medical intervention.
Support from loved ones is crucial during health challenges.

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Return From Health Hiatus - Podcast Update From Shawn

Shawn Terrell — Mon, 07 Oct 2024 05:15:00 -0500

Summary

In this episode of 'Dentists, Puns and Money', host Shawn Terrell returns after a long hiatus due to health issues, specifically two strokes he experienced in June 2023. He discusses his recovery journey and outlines the new format of the podcast, which will focus on solo episodes and the intersection of life and financial planning for dentists. Shawn emphasizes the importance of sharing his personal health story as part of his narrative moving forward, aiming to connect with listeners on a deeper level.

Takeaways

Shawn Terrell returns to podcasting after a year-long break.
He experienced two strokes in June 2023, impacting his life significantly.
The podcast will focus on solo episodes for the time being.
Future topics will integrate life experiences with financial planning.
Shawn aims to share his health journey to connect with listeners.
He emphasizes the importance of understanding personal stories in professional contexts.
The podcast will now include video content alongside audio.
Regularity in podcast releases is a priority moving forward.
Shawn wants to weave personal experiences into financial discussions.
He expresses gratitude to listeners for their support.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

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Keywords

dentistry, podcast, financial planning, health journey, personal story, life intersection, near-death experience, solo podcast, podcast format, dentist exit planning

Practicing as an Associate in "Retirement," with Dr. Jeff Priluck

Shawn Terrell — Wed, 24 Apr 2024 06:00:00 -0500

In this episode Dentists, Puns, & Money, we visit with Dr. Jeff Priluck.

Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years.

He's continued to practice part-time because he loves clinical dentistry.

Learn more about his transition into semi-retirement in this episode.

Among the topics Dr. Jeff and Shawn discuss:

What Dr. Jeff learned during his transition from full-time owner dentist to part-time associate.
How Dr. Jeff knew he was was financially-independent from practicing dentistry.
How he's handled the physical demands of clinical dentistry for 40-plus years.
How Dr. Jeff has put his customer service skills to work in the automotive industry.

Plus, Dr. Jeff's joke at the end of our episode is an all-timer:

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

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More information about Dr. Jeff Priluck and this episode:

LinkedIn: linkedin.com/in/jeffrey-priluck-3aa51b45/

Email: drpriluck@aol.com

Lolabees Dental Coaching: lolabeescareercoaching.com

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The Legal Side of Selling your Dental Practice, with Robert Montgomery III

Shawn Terrell — Wed, 27 Mar 2024 06:00:00 -0500

In this episode Dentists, Puns, & Money, we visit with Robert Montgomery III, Esquire.

Robert is an attorney with a specialty focus on the legal and business needs of dentists.

In 1997, Rob founded Your Dental Lawyer, a boutique law firm based in Philadelphia, and he's been working with dentists ever since.

Among the topics Robert and Shawn discuss:

The legal considerations for a dentist selling their practice, including the exit paths most commonly taken.
The legal documents necessary for a practice transition.
How practice real estate factors into the deal.

Rob has worked on over a thousand dental deals during his career, ranging from practice start-ups to equity buy-ins and complex practice acquisitions.

Rob focuses his practice on the legal and business needs of the firm’s dental clients, advising on practice acquisitions
and sales, practice start-ups and lease negotiations, buy-ins, partnership agreements, employment matters, forming
and structuring dental service organizations, operational issues, financing, real estate sales and acquisitions, as well as
general corporate and business matters.

Rob regularly lectures to audiences across the country and is a frequent speaker for Ideal Practices, a highly regarded
national dental practice start-up consulting firm.

Rob is also the co-founder and co-host of The Dental Amigos Podcast.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

--------------------------------

More information about Robert Montgomery III and his dental-related connections:

Firm Website: YourDentalLawyer.com
Consulting Website: IdealPractices.com
Podcast Website: TheDentalAmigos.com

Instagram: yourdentallawyer
Facebook: facebook.com/dentallaw
LinkedIn: linkedin.com/in/roberthmontgomeryiii

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

13 Things to Know about HSA's

Shawn Terrell — Wed, 28 Feb 2024 06:00:00 -0600

Health Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies.

But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategies

In this episode Dentists, Puns, & Money, Shawn Terrell shares the 13 Things You Might Not Know About Health Savings Accounts.

Listen to learn more about:

How to calculate your maximum annual contribution to your HSA, based on your health insurance plan and your age.

Why HSA's are often referred to as "triple tax advantage" accounts.

How long someone can wait to reimburse themselves for medical expenses from their HSA.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Ideal Timing for Dental Practice Valuations, with Tom Hemmen

Shawn Terrell — Wed, 31 Jan 2024 05:00:00 -0600

Hemmen and Associates helps dentists extract maximum value and cash flow from their dental practices.

The owner and president of the dental brokerage, Tom Hemmen, is the guest on this episode of Dentists, Puns, & Money.

Listen to learn more about:

How far in advance of a dental practice sale should a valuation be completed.

The benefit of updated dental practice valuations during growth years.

The benefit of a letter of direction to put a practice on the market quickly in the event of a dentist's change in health.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

-----------------------------------------

More information about Tom Hemmen:

Hemmen and Associates Website: hemmenassoc.com

Hemmen and Associates Phone: 800-745-1438

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Tax-Saving Strategies with Required Minimum Distributions

Shawn Terrell — Wed, 03 Jan 2024 06:00:00 -0600

It's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years.

That's often a wise strategy to lower a dentist's lifetime tax bill.

But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age.

If a dentist wants to play the long-term tax game to the best of their ability, it's critical they develop a strategy for RMD's well before they become mandated.

In this episode Dentists, Puns, & Money, Shawn Terrell shares some strategies associated with Required Minimum Distributions.

Listen to learn more about:

The benefits of planning and formulating RMD strategies.

The downsides of being reactive instead of proactive with deferred tax accounts.

How to think about the time window for executing RMD strategies.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

-------------------------------

To download a free copy of the 2023 Tax Reference Guide, click here.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

FAQ'S About RMD's

Shawn Terrell — Wed, 06 Dec 2023 06:00:00 -0600

Dentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years.

That's often a wise strategy to lower a dentist's lifetime tax bill.

But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age.

If a dentist wants to play the long-term tax game to the best of their ability, it's critical they understand all the rules associated with RMD's.

In this episode Dentists, Puns, & Money, Shawn Terrell shares the 8 Most Frequently Asked Questions related to Required Minimum Distributions.

Listen to learn more about:

The age at which RMD's begin.

How to calculate your RMD.

The penalty for NOT taking an RMD.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

-------------------------------

To download a free copy of the 2023 Tax Reference Guide, click here.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

What is Direct Indexing?

Shawn Terrell — Wed, 15 Nov 2023 06:00:00 -0600

In this episode Dentists, Puns, & Money, we discuss Direct Indexing as an investment strategy.

Please note: This episode was originally released on March 15th. 2023.

Many dentists are familiar with the strategy of buying index funds, or indirectly investing in an index. But directly investing in an index is a little different.

We’ll cover three things in this episode:

What’s are the differences between indirectly investing in an index vs. directly investing in an index, fundamentally?

What are the benefits of directly investing in an index vs. indirectly investing in an index by buying an index fund?

Why is direct indexing becoming available to more people and becoming more popular than it ever has been in the past?

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

--------------------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

----------------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Finding Total Dental Freedom when Exiting Clinical, with Dr. Brady Frank

Shawn Terrell — Wed, 25 Oct 2023 06:00:00 -0500

Dr. Brady Frank suffered a wrist injury when he was a D3 in dental school. It put his clinical dentistry career in jeopardy.

So he focused on the business side of being a dentist, and quickly learned how to buy, build, and scale dental practices.

Dr. Brady continues to be involved with Dental Service Organizations today, and he joins us to discuss the pros and cons of DSO's on the latest episode of Dentists, Puns, & Money.

Listen to learn more about:

The big differences between a corporate DSO and an autonomous DSO.

How partnering with an autonomous DSO can help a dentist accelerate the timeline of their clinical exit.

The nuts and bolts of the compensation structure when partnering with a DSO.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

-----------------------------------------

More information about Dr. Brady Frank:

Freedom Dental Partners Website: freedomdentalpartners.com

Become the DSO Website: becomethedso.com

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

The Value of Mentorship in a Practice Transition, with Dr. Tom Reed

Shawn Terrell — Wed, 27 Sep 2023 06:00:00 -0500

Dr. Tom Reed is the first to admit he had the wrong mindset when he hired his first associate dentist.

But now that he's spent 20-plus years as a private dental practice owner, he has a different perspective.

In this episode of Dentists, Puns, & Money, Dr. Reed shares what he's learned about mentorship, and why he believes it's a critical piece of the long-term future of dentistry.

Listen to learn more about:

The benefits of mentorship in dentistry for both mentor and mentee.

The mentorship system he built in his practice to create a symbiotic relationship between owner doc and associate.

How mentorship can increase dental practice transition value and also leave a legacy.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

-----------------------------------------

More information about Dr. Tom Reed:

Coaching Website: dynamicdentalascension.com

Dental Practice Website: citycenterdentalgroup.com

Cell Phone: 303-906-4788

Email: dr.tcreed@gmail.com

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

How Real Estate Affects your Practice Sale, with Colin Carr

Shawn Terrell — Wed, 30 Aug 2023 06:00:00 -0500

Colin Carr launched his commercial real estate company after seeing the same issue over and over... healthcare professionals getting "manhandled" on deals for their practice space by shady landlords.

Carr Healthcare Realty now represents dentists and dental practice tenants and buyers (and other healthcare professionals) all over the United States.

In this episode of Dentists, Puns, & Money, Colin shares what he's learned during his two decades working in healthcare commercial real estate.

Listen to learn more about:

How dentists can negotiate their lease renewals for lower monthly payments, tenant improvements, and free rent.

The key language dental practices should have in the assignability clause of their lease agreement.

How a dentist that owns their real estate can achieve maximum value in their practice transition.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

-----------------------------------------

More information about Colin Carr and Carr Healthcare Realty:

Website: www.carr.us

Facebook: @CARRHealthcare

Instagram: @CARRHealthcare

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Three Big Financial Pieces for Exiting Clinical, with Ken Kaufman

Shawn Terrell — Wed, 16 Aug 2023 06:00:00 -0500

What are the big financial pieces for a dentist to organize as they transition out of clinical practice?

That’s a question Shawn Terrell was asked by Ken Kaufman (and answered) as a guest on DEO's Growth Secrets Podcast.

This episode of Dentists, Puns, & Money is a replay of Shawn's guest appearance on the DEO podcast, which was originally recorded and released in February 2023.

The podcast is hosted by Ken Kaufman, who has more than two decades of experience in the dental professional as an author, speaker and as a chief financial officer of various dental organizations.

In addition to the big three things dentists should consider about their personal financial planning when exiting clinical, Shawn and Ken also discuss:

How a dentist should evaluate a Roth IRA conversion strategy.

How a dentist should analyze the options for the profit in their practice. Examples: distribute for personal investments, pay down debt, reinvest in practice, or scale to a DSO?

Lightning round questions for Shawn about (mostly) random topics.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Phasing Out of Clinical Dentistry, with Dr. Alan Stern

Shawn Terrell — Wed, 02 Aug 2023 06:00:00 -0500

Dr. Alan Stern is a practicing owner dentist and the founder of a coaching business called Better, Richer, Stronger.

After 42 years in practice, Dr. Stern is in the process of transitioning from clinical to coaching other dentists.

Through his program, Alan works with dentists who want to create a workplace that is productive & profitable and a life that is rewarding and meaningful.

In fact, Alan wrote the book, Enjoy the Ride for those who want to get out from the day to day grind and take charge of their roadmap to a better life.

As a result of his work, people often share they have more focus, more energy, more momentum and get the results
they no longer thought were possible.

In this episode Dentists, Puns, & Money, Dr. Alan Stern shares the number one thing he's learned in his career, and how he's approaching phasing out of clinical.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

-----------------------------------------

More information about Dr. Alan Stern:

Facebook Group: Better, Richer, Stronger

Website: BetterRicherStronger.com

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Financial Planning for Dentists, with Dr. Grace Yum

Shawn Terrell — Wed, 19 Jul 2023 06:00:00 -0500

How should a dentist know if and when to seek professional help with their money?

That’s a question Shawn Terrell was asked by Dr. Grace Yum as a guest on the Mommy Dentists in Business Podcast.

This episode of Dentists, Puns, & Money is a replay of Shawn's guest appearance on the MDIB Podcast, which was originally recorded in the summer of 2022.

Dr. Yum started as a pediatric dentist in Chicago, but has since relocated to California, where she’s currently growing her Mommy Dentists in Business empire.

Dr. Grace and Shawn discuss how dentists of all career stages can think about financial planning, and why the most important piece of planning is first helping each dentist identify what they want out of life, broadly speaking.

There’s also some casual banter about sports and music mixed in, so proceed with caution if you’re bored by either.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

---------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Yoga is "Old School" Personal Development for Dentists, with Dr. Shivani Kamodia Barto

Shawn Terrell — Wed, 05 Jul 2023 06:00:00 -0500

Dr. Shivani Kamodia Barto is a general dentist, yoga teacher, and wellness coach.

Dr. Kamodia Barto put her clinical career on hold not long after dental school. She's using the clinical pause to build a separate business as a wellness coach and yoga instructor.

Dr. Kamodia Barto has over ten years and 600 hours of experience teaching yoga asana, facilitating personal-development workshops, hosting wellness retreats, and lecturing on the science of well-being.

She completed her 200-hour yoga teacher training in 2012 and graduated from the University of Michigan School of Dentistry in 2018.

Dr. Shivani teaches others how to prevent burnout and build stress resilience through nervous system regulation and the practical applications of yoga, meditation, and breathwork. She teaches how to better manage stress through strategies to increase focus and productivity, build impactful habits, and develop a deeper self-understanding.

In this episode Dentists, Puns, & Money, Dr. Kamodia Barto shares her story and her strategies.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

------------------------------

More information about Dr. Shivani Kamodia Barto:

Website: drshivasana.com

Instagram: @dr.shivasana

-----------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

-----------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Financial Secrets to Grow Dental Organizations, with Ken Kaufman

Shawn Terrell — Wed, 21 Jun 2023 06:00:00 -0500

Ken Kaufman is a sought-after speaker and thought-leader in the dental industry.

Ken recently wrote his first book "Financial Secrets to Grow Dental Organizations," and he shares the key takeaways from the book in this interview.

He's worked as a CFO and President in several dental organizations over the last 20 years.

In that time, he's learned the keys for dentists to grow and scale their practices from one to multiple locations.

Ken put all those secrets on paper when he co-wrote his first book, "Financial Secrets to Grow Dental Organizations," which was published in late 2022.

In this episode Dentists, Puns, & Money, Ken shares the big takeaways from the book.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

------------------------------------

More information about Ken Kaufman:

Book: Financial Secrets to Grow Dental Organizations

LinkedIn: linkedin.com/in/kennethkaufman/

----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

-------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Tax-Saving Strategies with Required Minimum Distributions

Shawn Terrell — Wed, 07 Jun 2023 06:00:00 -0500

It's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years.

That's often a wise strategy to lower a dentist's lifetime tax bill.

But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age.

If a dentist wants to play the long-term tax game to the best of their ability, it's critical they develop a strategy for RMD's well before they become mandated.

In this episode Dentists, Puns, & Money, Shawn Terrell shares some strategies associated with Required Minimum Distributions.

Listen to learn more about:

The benefits of planning and formulating RMD strategies.

The downsides of being reactive instead of proactive with deferred tax accounts.

How to think about the time window for executing RMD strategies.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

-------------------------------

To download a free copy of the 2023 Tax Reference Guide, click here.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

The Healthy Dentist is a Wealthy Dentist, with Drs. Karen Tindall & Laura Schwindt

Shawn Terrell — Wed, 24 May 2023 06:00:00 -0500

Dr. Karen Tindall and Dr. Laura Schwindt combine their love of people, transformations, and dentistry together in their partnership of The Mint Door.

They share their story and how they help other dentists in this episode.

Drs. Tindall and Schwindt believe the well-being of dentists and their team members is the key to a successful practice and, more importantly, a happy life.

That's why both left clinical practice several years ago to pursue a different calling… providing total well-being programs and coaching for other dentists and their teams.

In this episode Dentists, Puns, & Money, they share their story of transformation. It led to a partnership called The Mint Door to help others like them.

Listen in as Dr. Karen and Dr. Laura share how “the achievement trap of dentistry” as they call it, can lead to unhappiness, and also why they believe a healthy practice is a wealthy practice.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

------------------------------

More information about The Mint Door:

Website: themintdoor.net

Facebook Group: facebook.com/groups/themintdoor

Instagram: @themintdoorclub

Podcast: The Mint Door Podcast

----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

----------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Frequently Asked Questions About Required Minimum Distributions

Shawn Terrell — Wed, 10 May 2023 06:00:00 -0500

Dentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years.

That's often a wise strategy to lower a dentist's lifetime tax bill.

But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age.

If a dentist wants to play the long-term tax game to the best of their ability, it's critical they understand all the rules associated with RMD's.

In this episode Dentists, Puns, & Money, Shawn Terrell shares the 8 Most Frequently Asked Questions related to Required Minimum Distributions.

Listen to learn more about:

The age at which RMD's begin.

How to calculate your RMD.

The penalty for NOT taking an RMD.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

-------------------------------

To download a free copy of the 2023 Tax Reference Guide, click here.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Why your Practice Exit Strategy Should Include a Marketing Plan, with Grace Rizza

Shawn Terrell — Wed, 26 Apr 2023 06:00:00 -0500

How should you think about marketing your dental practice if considering a sale in the next 3-5 years?

Grace Rizza, CEO of Identity Dental Marketing discusses that topic in this episode.

Grace is the CEO and founder of Identity Dental Marketing. She's guided the growth of more than 1,500 dental practices since founding her company in 2009.

Among the topics Grace and Shawn discuss:

Why new patient flow matters when it comes time to sell.
Branding advice for a dentist practice owner planning to sell in the next 1-5 years.
How to market a practice for growth while a dentist is seeking to cut back on hours.

Grace is known for her candor and relatable demeanor, and it shines through in this interview. Her speaking style is engaging and lighthearted.

In addition, Grace is the host of the Facebook Group and Podcast "Dentistry's Growing with Grace" where she shares business
development solutions almost daily.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

---------------------------------------

More information about Grace Rizza and her work within the dental industry:

Company Website: identitydental.com

Facebook Group: facebook.com/groups/DentalMarketingWithGrace

Podcast: gracerizza.com/podcast

-------------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

----------------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

13 Things You Might Not Know About Health Savings Accounts

Shawn Terrell — Wed, 12 Apr 2023 06:00:00 -0500

Health Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies.

But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategies

In this episode Dentists, Puns, & Money, Shawn Terrell shares the 13 Things You Might Not Know About Health Savings Accounts.

Listen to learn more about:

How to calculate your maximum annual contribution to your HSA, based on your health insurance plan and your age.

Why HSA's are often referred to as "triple tax advantage" accounts.

How long someone can wait to reimburse themselves for medical expenses from their HSA.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

-------------------------------

To download a free copy of the 2023 Tax Reference Guide, click here.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Selling a Practice and Working as an Associate in "Retirement," with Dr. Jeff Priluck

Shawn Terrell — Wed, 29 Mar 2023 06:00:00 -0500

In this episode Dentists, Puns, & Money, we visit with Dr. Jeff Priluck.

Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years.

He's continued to practice part-time because he loves clinical dentistry.

Learn more about his transition into semi-retirement in this episode.

Among the topics Dr. Jeff and Shawn discuss:

What Dr. Jeff learned during his transition from full-time owner dentist to part-time associate.
How Dr. Jeff knew he was was financially-independent from practicing dentistry.
How he's handled the physical demands of clinical dentistry for 40-plus years.
How Dr. Jeff has put his customer service skills to work in the automotive industry.

Plus, Dr. Jeff's joke at the end of our episode is an all-timer:

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

----------------------------------------------

More information about Dr. Jeff Priluck and this episode:

LinkedIn: linkedin.com/in/jeffrey-priluck-3aa51b45/

Email: drpriluck@aol.com

Lolabees Dental Coaching: lolabeescareercoaching.com

---------------------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

--------------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Direct Indexing as an Investment Strategy

Shawn Terrell — Wed, 15 Mar 2023 06:00:00 -0500

In this episode Dentists, Puns, & Money, we discuss Direct Indexing as an investment strategy.

Many dentists are familiar with the strategy of buying index funds, or indirectly investing in an index. But directly investing in an index is a little different.

We’ll cover three things in this episode:

What’s are the differences between indirectly investing in an index vs. directly investing in an index, fundamentally?

What are the benefits of directly investing in an index vs. indirectly investing in an index by buying an index fund?

Why is direct indexing becoming available to more people and becoming more popular than it ever has been in the past?

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

--------------------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

----------------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Legal Considerations of Selling your Dental Practice, with Robert Montgomery III

Shawn Terrell — Wed, 01 Mar 2023 06:00:00 -0600

In this episode Dentists, Puns, & Money, we visit with Robert Montgomery III, Esquire.

Robert is an attorney with a specialty focus on the legal and business needs of dentists.

In 1997, Rob founded Your Dental Lawyer, a boutique law firm based in Philadelphia, and he's been working with dentists ever since.

Among the topics Robert and Shawn discuss:

The legal considerations for a dentist selling their practice, including the exit paths most commonly taken.
The legal documents necessary for a practice transition.
How practice real estate factors into the deal.

Rob has worked on over a thousand dental deals during his career, ranging from practice start-ups to equity buy-ins and complex practice acquisitions.

Rob regularly lectures to audiences across the country and is a frequent speaker for Ideal Practices, a highly regarded
national dental practice start-up consulting firm.

Rob is also the co-founder and co-host of The Dental Amigos Podcast.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

--------------------------------

More information about Robert Montgomery III and his dental-related connections:

Firm Website: YourDentalLawyer.com
Consulting Website: IdealPractices.com
Podcast Website: TheDentalAmigos.com

Instagram: yourdentallawyer
Facebook: facebook.com/dentallaw
LinkedIn: linkedin.com/in/roberthmontgomeryiii

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Tax Deductions Still Available for 2022

Shawn Terrell — Wed, 15 Feb 2023 06:00:00 -0600

Few things are more confusing than the IRS tax code. The various deadlines associated with tax filing season are no different.

Even though the calendar has flipped to 2023, many deductions are still potentially available for dentists to reduce their 2022 taxable income.

In this episode Dentists, Puns, & Money, Shawn Terrell shares (as of February 2023) which deductions remain available for tax year 2022, and which deductions are no longer available.

Listen to learn more about:

The difference in the deadlines to complete Roth IRA conversions vs. Roth IRA contributions for tax year 2022.

The factors that determine whether or not contributions to a Traditional IRA are tax-deductible for 2022.

The different deadlines for employee vs. employer contributions to employer-sponsored retirement plans.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

--------------------------------

To download a free copy of the 2023 Tax Reference Guide, click here.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

------------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

Yoga for Dentists, with Dr. Josie Dovidio

Shawn Terrell — Wed, 01 Feb 2023 06:00:00 -0600

In this episode Dentists, Puns, & Money, we talk with Dr. Josie Dovidio.

Dr. Dovidio is a long-time dentist, registered yoga teacher and certified wellness consultant who left clinical dentistry mid-career due to stress and burnout.

Despite healthy living and a commitment to exercise and yoga, mismanaged stress coupled with the musculoskeletal imbalances inherent in dentistry began to impact her quality of everyday life.

After selling her practice, she used yoga to heal her body and mind. Dr. Dovidio now teaches yoga to other dentists to help combat the physical and mental rigors of practice.

Dr. Josie now helps dental professionals "undo" what dentistry does to the body, mind, and soul through her Yoga for
Dentists community on Facebook, Instagram, YouTube Channel, and Podcast.

Dr. Dovidio also works one-on-one with dentists to help them reclaim their lives through her signature program called: Crown of Wellness from Burnout to Breakthrough.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Dr. Josie Dovidio and her dental-related businesses:

Website: yogafordentists.net
Free Webinar: crownofwellness.com/enjoydentistrywebinar
Free Download: crownofwellness.com/lowerbackyoga

Instagram: @yogafordentists
Facebook Group: facebook.com/groups/yogafordentists
Linkedin: linkedin.com/in/josiedovidiodds/
Email: josie@yogafordentists.net

Dentist Exit Planning Resources:

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Top Ten Take-Aways from Secure Act 2.0

Shawn Terrell — Wed, 18 Jan 2023 06:00:00 -0600

The Secure Act 2.0 retirement bill, passed into law on December 23rd, 2022, includes many changes to retirement planning, investment planning, and tax planning.

In this episode Dentists, Puns, & Money, Shawn Terrell shares his Top Ten Takeaways for dentists related to Secure 2.0.

Learn more about:

Changes to the age at which Required Minimum Distributions are necessary from retirement accounts.

Increases in the amount of "catch-up" contributions those 50 and older can make to their employer retirement plan

Changes for unused funds in 529 plan accounts.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

-----------------------------------

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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The Stress-Free Dentist, with Dr. Eric Block

Shawn Terrell — Wed, 04 Jan 2023 06:00:00 -0600

In this episode Dentists, Puns, & Money, we talk with Dr. Eric Block. He's a full-time practicing dentist in Acton, Massachusetts.

Dr. Block struggled with anxiety, stress, and burnout early in his clinical career. He eventually sought therapy, and while it took years, Dr. Eric now loves going to work each day.

To highlight his experience and help other dentists, Dr. Block wrote The Stress-Free Dentist: Overcome burnout and start loving dentistry again."

In 2020, he created DealsforDentists.com. It's mission is to help dentists find and buy supplies at the discounted price often found at dental trade shows and conventions. Dr. Eric also hosts the Deals for Dentists Podcast.

In addition, Dr. Eric founded and participates in several Facebook groups, including iLoveDentistry.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Dr. Eric Block and his dental-related businesses:

Websites: thestressfreedentist.com and dealsfordentists.com
Instagram: @thestressfreedentist
Facebook Groups: iLoveDentistry and DealsforDentists and TheStressFreeDentist
Linkedin: Dr. Eric Block
Email: info@thestressfreedentist.com

Dentist Exit Planning Resources:

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How to Deal with Dental Burnout, with Dr. Laura Brenner

Shawn Terrell — Wed, 21 Dec 2022 06:00:00 -0600

In this episode Dentists, Puns, & Money, we talk with Dr. Laura Brenner.

Dr. Brenner left clinical dentistry due to burnout after practicing for ten years. In the process, she started a "side gig" as a blogger.

One of her blogs, "10 Reasons your Dentist Probably Hates You Too" went viral overnight.

And that led Dr. Laura down a new path: working with and coaching burned-out dentists all over the world.

Dr. Laura is the owner of Lolabees Career Coaching, and she's a certified professional coach.

She's also a dental industry and conference speaker. In July 2022, she won Dentistry's Got Talent, a TED Talk-style speaking conference for dental influencers. Listen to the winning speech here.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Dr. Laura Brenner and Lolabees Career Coaching:

Website: lolabeescareercoaching.com
Instagram: @drlolabees
Facebook Group: Dentist Side Gigs
Linkedin: linkedin.com/in/laura-brenner-dds-05a7366/

Dentist Exit Planning Resources:

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Sign-Up for Dentist Exit Email Newsletter

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What are the Four Tax Buckets?

Shawn Terrell — Wed, 07 Dec 2022 06:00:00 -0600

In this episode Dentists, Puns, & Money, we're again discussing income taxes and tax diversification.

We dive into the four ways dentists' income will be taxed, and examples of the action that can be taken for dentists to lower their lifetime tax bill.

What is tax diversification? How can dentists and dental practice owners think about this topic as they contemplate their exit from clinical dentistry?

Not all income is created equally in the eyes of the IRS.

So if you are a dentist motivated to pay the least amount of tax over your lifetime, if you’re motivated to be as tax efficient as possible, it really starts with being intentional in how and when you put money in and how you take money out of the four different tax buckets.

That’s how you come out ahead on taxes.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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Reaching $1 Million in Annual Take-Home Pay, with Dr. Scott Leune

Shawn Terrell — Wed, 23 Nov 2022 06:00:00 -0600

In this episode Dentists, Puns, & Money, we talk with Dr. Scott Leune.

Dr. Leune suffered a back injury early in his clinical career. It left him in and out of a wheelchair, and forced him to pivot to a CEO role within his dental practices.

That experience also taught him how to grow and scale multiple dental practices quickly.

Dr. Leune now helps other dentists looking to start, grow, and scale their practices by hosting multiple Breakaway Seminars each year.

He also co-founded Dental Whale, which is a Dental Group Purchasing Organization (DGPO) to help dentists reduce their overhead.

Throughout his career, Dr. Leune has opened, built, and sold numerous dental practices, has helped open more than 200 startups across the
country, and currently supports over 20,000 dentists with purchasing, marketing, outsourcing, consulting, and more.

Dr. Leune has been named one of the 30 most influential people in dentistry, and also spends his time personally training dentists through 1-on-1 coaching.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Dr. Scott Leune and his companies:

Website: breakawayseminar.com
Website: dentalwhale.com

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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Six Reasons Dentists Should Consider Roth Conversions

Shawn Terrell — Wed, 09 Nov 2022 06:00:00 -0600

In this episode Dentists, Puns, & Money, we talk Roth IRA conversions for dentists.

Roth IRA conversions are a great strategy for dentists looking to reduce their lifetime tax bill owed to the IRS.

What are the 6 reasons why dentists should consider Roth IRA conversions?

Why does it make sense for dentists to initiate Roth conversions prior to 2026, if possible?

In the conversation, we also touch on:

Why the upcoming expiration of the Tax Cuts and Jobs Act matters

Required Minimum Distributions

Taxation of Social Security

Ideal timing of Roth conversions for a hypothetical dentist owner

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

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Instagram
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How to Get Employee Retention Credit (ERC) for your Dental Practice, with Catherine Tindall

Shawn Terrell — Wed, 26 Oct 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, we talk with Catherine Tindall.

Catherine a CPA specializing in tax credits. With a niche focus on the Employee Retention Credit, she helps eligible businesses and dental practices all over the country assess and receive ERC funds.

After getting her start in advanced tax planning and compliance, Catherine saw a real need to better serve the tax credit niche, especially related to the Employee Retention Credit (ERC).

With millions of dollars at stake, many businesses weren’t receiving what they were entitled to because of inaction from their tax professionals and insufficient awareness about credits.

And to make things worse, Catherine noticed that many of the specialty firms in the space were run by non-experts who were unethically overclaiming credits, overcharging clients, and generally doing poor work.

Dominion Enterprise Services grew out of these problems in the marketplace.

By combining proprietary technological applications with the professional expertise of licensed CPAs, Catherine and her team are
able to offer a fast turnaround time on credit claims while maintaining a high degree of precision.

It is her mission to help business owners in key industries affected by COVID shutdowns (e.g., restaurants, construction, hospitality) to
take advantage of the Employee Retention Credit before it begins to expire in the spring of 2023.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Catherine Tindall and Dominion Enterprise Services:

Website: dominiones.com
Instagram: @ctindall.cpa
Linkedin: linkedin.com/in/ctindallcpa

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

Follow Dentist Exit on Social Media:

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How to Get Publicity for your Dental Practice, with Larissa Banting

Shawn Terrell — Wed, 12 Oct 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, we talk with Larissa Banting.

Larissa is an accredited publicist and the owner of El Bee PR. Larrissa explains the power of publicity for a dentist, especially in the local media.

Larissa explains why publicity is so valuable for dental practices and outlines some simple steps for dentists to get more of it.

We discuss how, even in the age of social media, a dentist can position themselves for appearances on local television, radio, and in newspaper articles. And why that type of publicity is much more effective than advertising when it comes to attracting new patients.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Larissa Banting:

larissabanting.com

famousinfive.net/dentists

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

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How to Start, Acquire, and Grow a Practice, with Michael Dinsio

Shawn Terrell — Wed, 28 Sep 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, we talk with Michael Dinsio.

Michael is a dental practice consultant, podcast host, and the founder of Next Level Consultants. Over the last decade, he's helped over 500 dentists start, buy, and grow their practices.

After several years working with dentists in the banking and lending industry, he started Next Level Consultants.

Next Level Consultants is unique in that it provides guidance for dentists who are starting practices from scratch as well as dentists that are acquiring an existing practice. In addition, Michael and his team continue to work with the practice for several months following launch or the acquisition.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Michael Dinsio and Next Level Consultants:

Website: nxlevelconsultants.com
Facebook: facebook.com/nxlevelconsultants
Instagram: instagram.com/nxlevelconsultants
Podcast: dentalunscripted.com
Phone: 720-309-9551

Dentist Exit Planning Resources:

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Mommy Dentists in Business, with Dr. Grace Yum

Shawn Terrell — Wed, 14 Sep 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, we talk with Dr. Grace Yum.

Dr. Yum is a pediatric dentist, practice owner, entrepreneur, and mother. She's the founder and CEO of Mommy Dentists in Business, an organization that connects mother dentists around the world.

In 2017, Dr. Yum started a Facebook group called "Mommy Dentists in Business." Its purpose is to have a community where other mother dentists can share the challenges of balancing motherhood with being a clinic dentist and often, a dental practice owner.

But what started out as an informal social media group quickly grew into an actual business. Mommy Dentists in Business now offers hundreds of dentist members continuing education, dental practice owner resources, webinars, and in-person conferences.

Dr. Yum shares how the growth of the organization changed her future with clinical pediatric dentistry and dental practice ownership.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Dr. Grace Yum and Mommy Dentists in Business:

Website: mommydibs.com
Facebook: facebook.com/MommyDentistsinBusinessMediaNetwork
Instagram: instagram.com/mommydentistsinbusiness
Twitter: @mommydibs

Dentist Exit Planning Resources:

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Top Ten Estate Planning Takeaways, with Shawn Terrell

Shawn Terrell — Wed, 31 Aug 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, Shawn discusses his recent experience completing his family's estate planning and legal documents.

The process of completing estate planning and legal documents can be challenging, which is why many dentists delay.

In this episode, host Shawn Terrell shares his Top Ten Takeaways from recently completing his own estate documents.

In his work as a financial advisor, Shawn finds that most dentists have loose ends as it relates to their personal and dental practice legal documents.

Having recently completed his own estate documents, Shawn shares his experience.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

About Shawn Terrell
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How to Deal with Dental Insurance, with Dr. Travis Campbell

Shawn Terrell — Wed, 17 Aug 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, we talk with Dr. Travis Campbell, otherwise known as "The Dental Insurance Guy."

Dr. Campbell's early years as an owner dentist were plagued by frustration in dealing with dental insurance companies. Further, he had a hard time finding good resources on improving the dental claims submission process.

So he poured himself into understanding dental insurance, and how to receive higher collections in a less time-consuming manner.

Dr. Campbell took what he learned and wrote Understanding Dental Insurance, a textbook to help other dentists and their staffs improve the profitability of their practices without doing more dentistry.

His mission is to help dentists increase their collection rates by gaining a better understanding of the dental insurance industry.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about Dr. Travis Campbell:

dentalinsuranceguy.com
practicewhisper.com
380dental.com

Dentist Exit Planning Resources:

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

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Using Virtual Assistants in your Dental Practice, with Dr. Steven Kupferman of MedVA

Shawn Terrell — Wed, 03 Aug 2022 06:00:00 -0500

In this episode Dentists, Puns, & Money, we talk with Dr. Steven Kupferman.

Dr. Kupferman is an Oral and Maxillofacial surgeon in Los Angeles, California. And he’s also the founder and CEO of MedVA, which has pioneered the use of virtual assistants in dental and medical practices.

MedVA was born out of an increasing staffing problem Dr. Kupferman experienced in his own practice, LACOMS.

The practice was founded by Dr. Kupferman in 2009, and as he scaled it from one employee to 35, his biggest stressor eventually became finding and hiring qualified staff members.

So he investigated using virtual assistants, and it worked so well that he started a business to help other dental and medical clinics with the same problem.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

More information about MedVA: medva.com

About Shawn Terrell
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Injecting Fun into the Dental Continuing Education Industry, with Elijah Desmond

Shawn Terrell — Wed, 20 Jul 2022 06:00:00 -0500

Our guest is this episode of Dentists, Puns, & Money is Elijah Desmond, otherwise known as DJ Smiles.

Elijah Desmond is a dental hygienist turned serial entrepreneur. He has revolutionized the dental continuing education industry by creating Smiles at Sea, The Dental Festival, and by traveling to other dental CE events in his Moto-Vation tour bus.

We dive into the story and purpose behind all three endeavors in our conversation.

Plus, we also discuss how Elijah's company Driven Dental Marketing works with dentists and dental practices on big implant cases.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

Contact Elijah Desmond:

elijah@drivendentalmarketing.com

Learn more about Dentist Exit Planning:

Schedule a Discovery Meeting with Shawn

Shawn Terrell Bio

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The Good, Bad, and Ugly about Online Reviews, with Dr. Len Tau

Shawn Terrell — Wed, 06 Jul 2022 06:00:00 -0500

Our guest in this episode of Dentists, Puns, & Money is Dr. Len Tau.

Dr. Tau is many things... dentist, speaker, podcaster, author, and an expert in reputation marketing for dental practices

In our conversation, we focus on his latest book: 100+ Tips for Getting 100 Five Star Reviews in 100 Days.

Dr. Len and I dive into why online reviews are critical for a dental practice, how to prompt patients to leave google reviews, and what a dentist should do with a bad review.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

Email Dr. Len Tau: len@drlentau.com

Call or Text Dr. Tau: 215-292-2100

Websites:

drlentau.com

birdeye.com

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Increasing New Patient Flow by Improving Digital Marketing, with Chris Pistorius of Kickstart Dental Marketing

Shawn Terrell — Wed, 22 Jun 2022 06:00:00 -0500

Our guest in this episode Dentists, Puns, & Money is Chris Pistorius.

Chris is the founder of Kickstart Dental Marketing, a marketing firm that works with dental practices across the United States to attract new patients and increase new patient flow using digital marketing.

Chris and I talk about how dental digital marketing has dramatically evolved in the last decade or so. We also discuss what dentists can do now to attract new patients, including an often over-looked solution, and what Chris thinks about the implementation of video into a marketing campaign.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

Contact Kickstart Dental Marketing: kickstartdental.com

About Shawn Terrell
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Working to Solve the Biggest Problem in Dentistry, with Dr. Paul Goodman

Shawn Terrell — Wed, 08 Jun 2022 06:00:00 -0500

Our guest is this episode of Dentists, Puns, & Money is Dr. Paul Goodman, otherwise known as Dr. Nacho.

Dr. Paul Goodman is a dentist, speaker, and dental practice broker. Dr. Paul is a dentist partner partner of a group practice in Mercer County, New Jersey.

He's also the founder of the Dental Nachos Facebook group and Dentist Job Connect. The latter is dedicated to helping dentists find their first job and helping practice owners find associates.

We cover a number of topics in our conversation, including Dr. Nacho’s latest venture, Dentist Job Connect, which helps dentist job seekers connect with dental practice owners.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

Contact Dr. Paul Goodman: Text "Nachos" to 215-543-6454

dentistjobconnect.com

dentalnachos.com

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Developing a Kids' Toothpaste Brand and a Teledentistry Service, with Dr. Sean Whalen

Shawn Terrell — Wed, 25 May 2022 06:00:00 -0500

Welcome to Dentists, Puns, & Money! My guest on today’s show is Dr. Sean Whalen.

Dr. Sean is a pediatric dentist and owner at Children’s Dentistry in Westminster, Colorado.

Dr. Sean is a busy guy. In addition to practice, he’s helped develop and launch Smiyl, a xylitol toothpaste for kids.

And Dr. Sean is also the dental director for teledentistry.com, which provides virtual care for dental emergencies across the country.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website - dentistexit.com - and clicking on the Podcast tab.

Contact Dr. Sean Whalen: seanwhalendds@gmail.com or Instagram

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Lessons Learned from Buying a "Fixer-Upper" Practice, with Dr. Ginger Bratzel

Shawn Terrell — Wed, 11 May 2022 06:00:00 -0500

Welcome to Dentists, Puns and Money! Today we talk with Dr. Ginger Bratzel, a dentist turned advocate for dental practice owners.

Dr. Ginger bought a struggling practice right out of dental school and thought she could fix it up. As it turned out, that took more than a new logo, or better equipment, or more initials behind her name.

Plus, we discuss how Dr. Ginger helps dentists identify and build on the profit centers within a dental practice.

Contact Dr. Ginger: gingerbratzel.com

Resource for Practice Owners: gingerbratzel.com/patients

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Understanding Associate Placement Services with Dan Blair of Menlo Dental Consulting

Shawn Terrell — Wed, 27 Apr 2022 06:00:00 -0500

Welcome to Dentists, Puns and Money! Today we talk with Dan Blair, VP of Associate Placement Services for Menlo Dental Consulting.

Menlo is an Arizona-based company that works diligently with both associates and practice owners to align them with the right career growth and business opportunities nationally.

Dan shares more about the in-depth discovery process he uses to best assess the needs of a practice, and more about the process of working with an associate placement program, both from an owner and associate perspective.

Are associates still interested in working toward practice ownership, or are they content to remain an employee?

Listen to the latest episode Dentists, Puns & Money to learn more about:

- How Covid-19 has impacted hiring within the dental industry
- Are dental practice owners always ready for an associate?
- Costs associated with using an associate placement service
- Navigating potential hang-ups in the placement process so that everyone is satisfied

Contact Dan:

http://menlodentalconsulting.com/
dan@menlodentalconsulting.com
(623) 238-3050

About Shawn Terrell
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Assessing Pros and Cons of Dental Support Organizations with Emmet Scott, Co-Founder of Community Dental Partners

Shawn Terrell — Wed, 13 Apr 2022 06:00:00 -0500

Welcome to Dentists, Puns and Money! In this episode, we talk with Emmet Scott, Co-Founder of Community Dental Partners.

Emmet stops by the show to chat about his new book, DSO Secrets: The Ultimate Guide to Building Your Dental Empire and how opening a Pediatric Dentistry practice with his best friend (Dr. Chad Evans) has led to the pair to help manage over 70 dental practices spanning 3 states.

While not a dentist himself, Emmet and his organization credit their success to the competitive advantage of providing an excellent patient experience.

Listen to learn more about:

The perception of Dental Support Organizations, both good and bad.
Emmet’s shift from serving patients to serving dentists.
Helping dentists understand if becoming a practice owner is right for them.
Balancing the roles of CEO of the practice and clinical dentistry work.
What kind of dentists should look to scale up through a DSO?

https://deodentalgroup.com/

DSO Secrets: Dentist Entrepreneurs Growing Dental Organizations

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Building a Cold Start While Investing in Yourself with Dr. Casey Goetz, Cuivre Creek Pediatric Dentistry

Shawn Terrell — Wed, 30 Mar 2022 05:00:00 -0500

Welcome to Dentists, Puns and Money! In this episode, we talk with Dr. Casey Goetz of Cuivre Creek Pediatric Dentistry.

Dr. Goetz's interest in pediatric dentistry began with a chance encounter. It's just one of the many interesting topics we discuss. (And if you missed the last episode, The Practice Growth Podcast is now renamed Dentists, Puns & Money).

Listen to learn more about:

How Dr. Casey picked Troy, MO as the location to build his practice.
How he ramped-up his cold start practice to acquire patients quickly.
Thoughts on balancing debt paydown vs. (re)investment in the practice.

Check out Dr. Casey's Podcast Brews and Tiny Teeth, The Unfiltered Pediatric Dentistry Podcast

Dr. Casey Goetz
641-425-7279
CGoetz@troypediatricdentist.com
TroyPediatricDentist.com

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Please rate and subscribe to Dentists, Puns and Money on these platforms:

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Welcome to Dentists, Puns, and Money!

Shawn Terrell — Wed, 16 Mar 2022 05:00:00 -0500

Welcome to Dentists, Puns, and Money!

The podcast formerly known as The Practice Growth Podcast has a new name. We have rebranded to better align with the dental-specific focus of our firm, Dentist Exit Planning. We also believe the new name better reflects the overall mission of the podcast.

In this week's episode, we discuss the past, present, and future of the podcast. We hope you'll listen here.

In short, we'll continue to focus primarily on personal finance for dentists and the business of dentistry. And we'll do so via a casual conversation, while mixing in an occasional laugh (and pun?)

Please subscribe to the show to get new episodes and hear more about finding the off-ramp from practice to financial independence.

About Shawn Terrell
Schedule a Discovery Meeting with Shawn

Please rate and subscribe to Dentists, Puns and Money on these platforms

Subscribe on Apple Podcasts
Subscribe on Spotify
Subscribe on Google Podcasts
Subscribe on Stitcher
Subscribe on Pocket Casts
Follow us on Instagram

Ryan Siler - Benco Dental

Shawn Terrell — Wed, 23 Feb 2022 11:45:00 -0600

There’s no substitute for experience, as the say goes. Ryan Siler has more than ten years’ worth in the dental industry, working in multiple roles with multiple companies. Ryan is now a Regional Manager with Benco Dental, and he’s this week’s guest on The Practice Growth Podcast.

Listen to learn more about:

The traits Ryan finds in successful dentists.
What trends he sees impacting dentistry in the next 3-5 years.
How COVID-19 has altered the relationship between dentists and suppliers.

Plus more.

You can reach Ryan at 515-203-5182. You can find more information about Benco Dental at benco.com

Building a Dental Practice Website, with Kayvan Mott of DocSites

Shawn Terrell — Wed, 09 Feb 2022 11:45:00 -0600

A dental practice’s website is a critical piece of adding and keeping patients.

DocSites builds and designs websites and marketing programs specifically for dental practices. Co-founder Kayvan Mott is our guest on the latest episode of The Practice Growth Podcast.

Listen to learn more about:

The four key elements to include on a dental practice website
The questions practice owners should ask website developers
What two things make and SEO campaign successful

Plus more.

You can find more information about DocSites at docsites.com or by calling 888-980-4949.

How to Buy a Dental Practice, with Brian Hanks

Shawn Terrell — Wed, 26 Jan 2022 11:45:00 -0600

If you ever plan to buy a dental practice, this week’s episode of The Practice Growth Podcast is a must-listen.

Brian Hanks is a national dental transitions expert, accountant, and CFP.

Brian Hanks literally wrote the book on how to buy a dental practice. In fact, “How to Buy a Dental Practice” is the title of his book.

As a national “buy-side” transition specialist, Brian discusses:

The biggest mistake buyers make in searching for a practice to purchase.
Why buyers should not consider buying 60-70% of practices on the market.
The best way for buyers to secure the best borrowing terms.

Plus much more.

You can find more information about Brian Hanks and his book at dentalbuyeradvocates.com

Dr. Jarod Johnson - Arctic Dental

Shawn Terrell — Wed, 12 Jan 2022 11:45:00 -0600

Dr. Jarod Johnson is a lifelong learner. It’s what led him to start his own podcast and launch a mentorship program for other pediatric dentists.

Listen to learn more about:

The two big lessons Dr. Johnson has learned as an owner dentist.
How he uses social media to connect with others in the dental industry.
What Dr. Johnson hopes to accomplish by launching his CE mentorship group.

You can find more information about Artic Dental at arcticdental.com. You can reach Dr. Johnson at dr.jarod@arcticdental.com

David Haynes - Menlo Dental Transitions - Part 2

Shawn Terrell — Wed, 29 Dec 2021 11:45:00 -0600

We continue the discussion around practice transitions on this week’s episode of The Practice Growth Podcast. David Haynes with Menlo Dental Transitions returns as a guest to share more knowledge.

David Haynes is the Vice President of National Practice Sales with Menlo Dental.

Listen to learn more about:

Minor things to do and not do to increase practice sale price by 10-20%.
How COVID-19 has affected practice valuations and buyer lending.
The trend toward mid-career dentists considering sales to a DSO.

Plus more.

You can find more information about Menlo Dental Transitions online at menlotransitions.com. You can reach David Haynes via email at david@menlotransitions.com.

David Haynes - Menlo Dental Transitions - Part 1

Shawn Terrell — Wed, 15 Dec 2021 11:45:00 -0600

The sale of a dental practice might be the largest transaction of a dentist’s life. Trusted advice around all the parts and pieces of that transaction is critical.

David Haynes with Menlo Dental Transitions dives dental practice sales on the latest episode of The Practice Growth Podcast.

David is the Vice President of National Practice Sales with Menlo Dental Transitions.

Listen to learn more about:

The four most common exit paths for selling dentists.
The pros and cons of an owner taking a FSBO or DIY approach.
The ideal “runway” needed for selling a practice.

Plus more.

You can find more information about Menlo Dental Transitions online at menlotransitions.com. You can reach David Haynes via email at david@menlotransitions.com.

Dr. Chong Shao - Jones County Family Dentistry

Shawn Terrell — Wed, 01 Dec 2021 11:45:00 -0600

Dr. Chong Shao spent his first four years as a dentist exploring multiple practice models in multiple states.

That experience helped shape his long-term vision and desire to own and operate two practices with his wife, Dr. Katie Nagel Chao, in small-town Iowa.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

How Dr. Shao and his wife have split different dental procedures between practices to best suit their respective clinical interests and strengths.
The process of merging two different practices and staffs into one shared vision.
What Dr. Shao’s brief experience with mobile dentistry taught him about both patients and business.

Plus more.

You can reach Dr. Chao and find more information about his practices at drshao@jonescountydds.com or facebook.com/jonescountyfamilydentistry

What is Financial Planning?

Shawn Terrell — Wed, 17 Nov 2021 11:45:00 -0600

What is Financial Planning? We explore that topic on this week’s episode of The Practice Growth Podcast.

Spoiler Alert: It’s the process of aligning what is most important to someone in life with their use of capital. Capital is not just money, but also time, energy, and attention.

If you’d like to hear more about that, listen in,

Thoughts or questions? Shoot me an email at shawn@dentistexit.com

Dr. Chad Waltz - Advanced Endodontics of Tampa Bay

Shawn Terrell — Wed, 10 Nov 2021 11:45:00 -0600

Dr. Chad Waltz wanted to be a race car driver when he grew up. Instead, he became an endodontist. But that’s not the end of his story.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

What about specializing appealed to Dr. Waltz, and how he landed in endodontics.
His philosophy for maintaining strong relationships with referring dentists.
How a minor medical procedure early in his career changed his perspective about the life he wants to live.

Plus more.

You can find more information about Dr. Waltz and Advanced Endodontics of Tampa Bay at aeoftb.com or at 813-654-3636. You can reach Dr. Waltz by email at cmwaltz.dds@gmail.com

Morgan Hamon - HDA Accounting Group

Shawn Terrell — Wed, 03 Nov 2021 11:45:00 -0500

There aren’t many Navy fighter pilots who have pivoted into a second career as dental-specific accountant. So Morgan Hamon’s journey is unique, to say the least.

Morgan is now a CPA and Partner with HDA Accounting Group near Denver, CO. He shares his expertise in working solely with private dental practice owners.

Listen to learn more about:

How Morgan and his firm blend standard accounting numbers to create a profitability analysis that focuses on the most impactful metrics for practice owners.
The big problem a high-producing start-up dentist may face early on.
How Morgan helps owners think through the options for excess cash flow in a dental practice.
The most overlooked income tax reduction strategies for owner dentists.

Plus more.

You can find more information about Morgan and HDA Accounting Group at hdagroupdental.com. You can reach Morgan directly at morgan@hdagroupdental.com.

Terrell Advisors, LLC is a registered investment advisor. The information presented should not be interpreted or construed as investment, legal, tax, financial planning, or wealth management advice. It does not substitute for personalized investment or financial planning from Terrell Advisors, LLC. This podcast conveys the views and opinions of Shawn Terrell, and the information herein should not be considered a solicitation to engage in a particular investment or financial planning strategy. Information presented is for educational purposes only and past performance is not indicative of future results.

Replacing Active Practice Income

Shawn Terrell — Wed, 27 Oct 2021 11:45:00 -0500

Last week’s episode of The Practice Growth Podcast discussed reaching financial independence from practice. But it stopped short of discussing how a dentist transitions from living off active income to living off accumulated assets.

On this week’s episode, we dive into the following:

Rate of return on income-producing assets
How to think about rate of withdrawal in retirement
Balancing the risk of spending too much vs. spending too little

If you’d like to share your thoughts on this topic, or have a topic suggestion for another podcast, I’d love to hear from you. Email me at shawn@dentistexit.com

Making Practice Optional - The Four Components

Shawn Terrell — Wed, 20 Oct 2021 11:45:00 -0500

One of the primary financial objectives for any dentist is reaching the point that active practice becomes optional. In other words, a dentist no longer has to practice solely for the money, even though some may choose to continue seeing patients because they enjoy it.

The process of making practice financially optional may take one decade… or five. It depends on the individual circumstances or philosophies in four key areas:

· Income potential

· Ideal hours spent practicing

· Lifestyle

· Desired age for independence

If you’d like to share your thoughts on this topic, or have a topic suggestion for another podcast, I’d love to hear from you. Email me at shawn@dentistexit.com

Dr. Brandon Patten - Ames Family Dental

Shawn Terrell — Wed, 13 Oct 2021 11:45:00 -0500

Dr. Brandon Patten traded four years of dental school tuition for four years of service in the Navy.

Sixteen years later, the owner of Ames Family Dental says he would make the same decision in a heartbeat, for a multitude of reasons.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

How high patient volume right out of school rapidly accelerated his clinical skills.
Dr. Patten’s experience practicing for two years on the USS Theodore Roosevelt.
The military skills that are transferrable to owning a dental practice.

Plus more.

You can reach Dr. Patten at 515-233-2898. You can learn more about his practice at amesfamilydental.com

Steve Anderson - DentalEase

Shawn Terrell — Wed, 06 Oct 2021 11:45:00 -0500

Steve Anderson has worked with more than 1000 dentists to help them build the dental practices of their dreams.

And now as a general contractor-turned author, Steve has transformed his decades of notes and experience into a book: DentalEase – The Essential Guide to Creating the Stress-Free and Profitable Dental Practice of Your Dreams.

Listen to learn more about:

The flaws Steve found in the marketplace that led to the formation of his dental construction business.
The blind spots of building a dental practice.
How asking an extra question can help avoid buyer’s remorse.

Plus more.

You can find more information about Steve, DentalEase, and his construction company at dreamdentalpractice.net or dencodental.com

Independent Financial Advisor for Dentists

Shawn Terrell — Wed, 29 Sep 2021 11:45:00 -0500

The Practice Growth Podcast returns after a planned sabbatical, and there are big changes discussed in the latest episode.

Host Shawn Terrell has recently formed an independent financial advisor firm exclusively for dentists. This podcast details the reasons behind the move, including:

· The move toward niche financial planning for certain professions, like dentistry.

· Financial planning as a process, not an event.

· A hybrid pricing model designed to include early & mid-career dentists.

Plus more.

Comments? Questions? I’d love to hear from you. Email me at shawn@dentistexit.com

Chad Solberg - Bankers Trust

Shawn Terrell — Wed, 26 May 2021 11:45:00 -0500

The path to practice ownership for most dentists will almost certainly involve borrowing money.

In the latest episode of The Practice Growth Podcast, Chad Solberg with Bankers Trust shares his insights from 20 years in the business banking and lending industry.

Listen to learn more about:

The three most common paths to lending in the dental industry.
How Bankers Trust differentiates itself with a customizable approach.
The advantages of partnering with a local bank for lending.

Plus more.

You can contact Chad at csolberg@bankerstrust.com or 515-710-7703. You can find more information about Bankers Trust at bankerstrust.com

Dr. Aaron Jones - Part 2 - Jones Family Dental

Shawn Terrell — Wed, 19 May 2021 11:45:00 -0500

One podcast wasn’t enough to cover the available topics with Dr. Aaron Jones. The owner dentist at Jones Family Dental in Norwalk, IA returns to the podcast this week to continue the discussion.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

Dr. Jones’ path to becoming a ceramist and purchasing a “lab-grade” mill to batch produce zirconia crowns “in-house.”
How he’s implemented Botox treatments into his practice.
The cancellation policy he uses to maximize seeing patients on nights and weekends.
Why he continues to “moonlight” at a second practice even after reaching profitability at his own scratch-start practice.

Plus more.

You can learn more about Dr. Jones and his practice at jonesfamilydentalnorwalk.com, by email aaron.jones.dds@gmail.com, or by calling 515-850-2255.

Dr. Aaron Jones - Jones Family Dental

Shawn Terrell — Wed, 12 May 2021 11:45:00 -0500

Dr. Aaron Jones developed an interest and curiosity in dentistry at age 11 as a result of being treated by dental students. In 2019, Dr. Jones fulfilled his childhood vision by opening Jones Family Dental in Norwalk, IA.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

Dr. Jones’ alternate path to building and owning his practice.
How google reviews, a membership plan, and unique office hours helped him quickly build a strong patient base from scratch.
How dozens of continuing education courses while a student and early in his career accelerated the procedure offerings in his practice.

Plus more.

You can learn more about Dr. Jones and his practice at jonesfamilydentalnorwalk.com or by calling 515-850-2255.

Matt Howard - Blue and Company

Shawn Terrell — Wed, 05 May 2021 11:45:00 -0500

The value of a dental practice is often a significant piece of an owner dentist’s financial picture. When ownership changes hands, and during other life events, a clear understanding of the fair-market value of that practice is critical for both the seller and buyer.

Matt Howard, a CPA/ABV & CVA with Blue and Company, completed 300 dental practice valuations in 2020. In the latest episode of The Practice Growth Podcast, Matt shares his expertise.

Listen to learn more about:

The key metrics to examine when determining practice value.
The intangible benefit of not haggling over practice price.
The most common deal-killers that prevent a successful change of ownership.

Plus more.

You can find more information about Blue and Company at blueandco.com You can contact Matt at mhoward@blueandco.com

Dr. Omid Termechi - Dental Implant Surgical Seminar

Shawn Terrell — Wed, 28 Apr 2021 10:49:34 -0500

Dr. Omid Termechi has witnessed an evolution in implant dentistry during his twenty-plus years of private practice and teaching at NYU College of Dentistry.

His experiences led to the formation of the Dental Implant Surgical Seminar. DISS is a three-day event in Guatemala designed to train general and restorative dentists on how to expand their practices into implant surgery.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

How Dr. Termechi explains the importance of action on implant cases.
The financial impact of implant offerings within a general practice.
How to balance referring implant cases vs. completing them “in-house.”

Plus more.

You can reach Dr. Termechi dentalimplantsurgicalseminar@gmail.com . You can learn more about his program at dentalimplantsurgicalseminar.com .

Dr. Beau Beecher - Kimball & Beecher Family Dentistry

Shawn Terrell — Wed, 21 Apr 2021 11:15:00 -0500

For the first 14 years of his career, Dr. Beau Beecher followed a traditional career path for a dentist – private ownership with one partner in one location.

But beginning in 2014, Dr. Beecher and his partner Dr. Eric Kimball pivoted in new direction. And as of early 2021, Kimball and Beecher Family Dentistry has grown to six locations across eastern and central Iowa with 18 dentists.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

The inflection point that led to the merger and acquisition of five additional practices.
How Dr. Beecher transitioned from a clinical dentist to a CEO role in the organization.
Dr. Beecher’s viewpoint on “the new frontier” of dentistry.

Plus more.

You can reach Dr. Beecher at beaubeecher@gmail.com or 319-830-0050. You can learn more about his practice at kimballandbeecher.com

Kara Sinnard & Nick Cooper - Whitfield & Eddy

Shawn Terrell — Wed, 14 Apr 2021 11:45:00 -0500

It’s important for dentists to build and maintain a strong team of professionals around them throughout their careers. An attorney with dental-specific knowledge is a critical member of that team.

Kara Sinnard and Nick Cooper are member attorneys at Whitfield & Eddy in Des Moines, IA. Both have worked in the dental niche for nearly two decades. They share their knowledge on the latest episode of The Practice Growth Podcast.

Listen in to learn more about:

The key legal components of associate agreements, purchase agreements, and company formation documents
The advantages of working with a dental-specific attorney aligned with a full-service law firm.
The different stages of a dentist’s career where they might leverage an attorney.

Plus more.

You can find more information about Kara Sinnard, Nick Cooper, and Whitfield & Eddy at whitfieldlaw.com or at 515-288-6041.

Tom Terronez - Medix Dental IT

Shawn Terrell — Wed, 07 Apr 2021 11:45:00 -0500

The use of technology and information systems within a dental practice continues to evolve at a rapid pace. Since founding Medix Dental IT in 2003, CEO Tom Terronez has been on a mission to help dentists navigate that technological evolution.

Listen in to learn more about:

How dentists can leverage technology and data to improve both the patient experience and the bottom line.
How advances in automation have created more efficiency in claims processing and benefits verification
How cloud-based technology allows Medix Dental IT to provide support remotely in 95% of situations.

Plus more.

You can find more information about Medix Dental IT at medixdental.com or by calling 877.885.1010. You can reach Tom via email at tom@medixdental.com

Dr. Trevor Kuiper - Sioux Center Dental

Shawn Terrell — Wed, 31 Mar 2021 11:45:00 -0500

Starting a dental practice from scratch in a rural setting might present a few challenges on the surface, but Dr. Trevor Kuiper of Sioux Center Dental viewed the endeavor as an opportunity.

The early returns have been strong, as Dr. Kuiper reached his three-year patient goal well ahead of schedule.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

How Dr. Kuiper engaged with the existing dentists in the community about his start-up practice.
How practicing in rural setting helped accelerate the growth of his clinical skills.
The pros and cons of practicing in rural setting.

Plus more.

You can find more information about Dr. Kuiper and Sioux Center Dental at siouxcenterdental.com or by emailing info@siouxcenterdental.com

Heath Bullock - SVN Create

Shawn Terrell — Wed, 24 Mar 2021 11:45:00 -0500

The decision to lease or build a new practice space is a process most dentists will only go through once or twice in their careers.

Heath Bullock, the Managing Director and Principal Owner at SVN Create, can lean on 22 years of commercial real estate experience to help dentists navigate that process.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

The three most common paths when transitioning to new practice space.
The balance between geographical location and leasing vs. owning.
The importance of a strong team when leasing or building a new practice space.

Plus more.

You can contact Heath Bullock at heath.bullock@svn.com or on Linkedin. You can find more information about SVN Create at svncreate.com

What's your Financial Philosophy?

Shawn Terrell — Wed, 17 Mar 2021 11:45:00 -0500

What’s your financial “philosophy?” Seems like an odd or vague question, doesn’t it? Not surprisingly, there are no shortage of ways to answer that question.

Listen to the latest episode of The Practice Growth Podcast to hear more about:

One example (mine) of a financial philosophy
Why it may be important to establish a philosophy
What could happen without one in place

Plus more.

Comments or feedback? I’d like to hear from you. My contact information is below.

Steve Kampschnieder - DDS Match

Shawn Terrell — Wed, 10 Mar 2021 11:45:00 -0600

The sale of a dental practice will often be the biggest transaction of a dentist’s life. So it’s critical that process is approached with care and an appropriate amount of planning.

In the latest episode of The Practice Growth Podcast, Steve Kampschnieder with DDS Match shares his expertise on practice transitions, and what he’s learned during his 30-plus years working in the dental industry.

Listen to learn more about:

The key metrics that bring top-dollar to a seller and make the practice “move-in ready” for the buyer.
How practice location and the level of seller urgency affect the process.
How seeing his daughter become a dentist influenced Steve’s perspective on the dental industry.

Plus more.

You can find more information about DDS Match at ddsmatch.com You can contact Steve at kampy@ddsmatch.com

Bryan Chambers - Provide (formerly Lendeavor)

Shawn Terrell — Wed, 03 Mar 2021 11:45:00 -0600

The path to practice ownership for most dentists will almost certainly involve borrowing money.

In the latest episode of The Practice Growth Podcast, Bryan Chambers with Provide (formerly Lendeavor), shares his insights from 17 years in the dental lending industry.

Listen to learn more about:

The profile of an ideal borrower from Provide’s perspective.
How to juggle student loan repayments with the liquidity needed for ownership.
How Provide is leveraging technology to improve and expedite the lending process.

Plus more.

You can find more information about Provide at getprovide.com You can contact Bryan at bryan.chambers@getprovide.com or on Linkedin.

Thoughts on Financial Goals - Part 2

Shawn Terrell — Wed, 24 Feb 2021 11:45:00 -0600

After last week’s podcast, I thought it might be helpful to further clarify my thoughts on financial goals.

This week’s episode of The Practice Growth Podcast discusses:

A key point inadvertently omitted from the previous (Part 1) episode.
The concept of imperfect action.
The different podcast formats moving forward.

Comments or feedback? I’d like to hear from you. My contact information is below.

Thoughts on Financial Goals - Part 1

Shawn Terrell — Wed, 17 Feb 2021 11:45:00 -0600

How do you think about setting financial goals? There are a few different “schools of thought” on this topic, and I decided to share mine.

Listen to the latest episode of The Practice Growth Podcast to hear more about:

The potential issues with specific goals
An alternative approach for financial independence
Four considerations for dentists related to their money

Plus more.

Comments or feedback? I’d like to hear from you. My contact information is below.

Todd Slycord - Patterson Dental

Shawn Terrell — Wed, 10 Feb 2021 11:45:00 -0600

Owner dentists have to juggle a multitude of items, all while providing great patient care.

Having professional resources that provide business and practice expertise and guidance can make a big difference. That’s the role Todd Slycord of Patterson Dental hopes to fill with his customers.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

The additional value a supply representative may provide to a practice.
The characteristics Todd often sees in successful practices.
The dental industry trends Todd sees in the next 3-5 years.

Plus more.

You can reach Todd at todd.slycord@pattersondental.com and find more information at pattersondental.com

Joe Butler - Downing Construction

Shawn Terrell — Wed, 03 Feb 2021 11:45:00 -0600

The decision to renovate or build a new practice space is a process most dentists will only go through once or twice in their careers.

As CEO at Downing Construction, Joe Butler wants to make that experience remarkable 100% of the time.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

What Joe and his team have learned from completing 200 dental construction projects in the last 15 years.
The five-step process Downing has developed to find the best solution for every dentist.
How the goal of 100% repeat and/or referral business drives every engagement with dentists.

Plus more.

You can find more information about Joe Butler and Downing Construction at downingconstruct.com

Courtney DeRonde - TDT CPA's and Advisors

Shawn Terrell — Wed, 27 Jan 2021 11:45:00 -0600

When an owner dentist starts his or her practice, they often wear many hats. Not only do owners have to practice great dentistry, but they may also have to handle accounting, inventory, and human resources.

Courtney DeRonde, a managing partner with TDT CPA’s & Advisors, has seen the challenges practice owners must navigate when trying to grow and scale. In fact, she’s written an eBook about those challenges.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

The five blind spots most often encountered by practice owners.
How a mindset shift can help owners see outsourcing duties as something besides another overhead expense.
How a CPA relationship beyond just tax planning may be critical for growth and scale.

Plus more.

You can find more information about Courtney DeRonde and her firm at tdtpc.com

Dr. Andy Stevenson - Grand Dental

Shawn Terrell — Wed, 13 Jan 2021 11:45:00 -0600

Dr. Andy Stevenson’s initial job description at Grand Dental included trash collection. But he’s managed a few promotions since being hired, and he’s now an associate dentist and partner in-waiting.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

How Dr. Stevenson has navigated the dynamic of practicing alongside his father.
How he’s used his expertise in technology to improve both business and clinical aspects of the practice.
The unique, “old-school” system he has developed for getting patient feedback.

Plus more.

You can find more information about Dr. Stevenson and his practice at grand.dental

Dr. Ryan Warren - QstN, LLC

Shawn Terrell — Wed, 30 Dec 2020 11:45:00 -0600

What does pasta have to do with men’s outerwear? For QstN founder Ryan Warren, there’s a direct correlation.

While many businesses start with “what” they bring to the marketplace, it’s secondary at QstN. Instead, the company focuses on the “why” and the “how.”

Listen in to learn more about:

How Ryan’s family history in the pasta production business helped cultivate an entrepreneur mindset in an entirely different discipline.
The concept of human-centered design, and how it differs from conventional problem-solving strategies.
How Ryan’s mantra of “look good, feel good” has led to the exploration of other design pursuits.

Plus more.

You can reach Ryan at rwarren@q-dsm.com or at linkedin.com/in/rdwarren/

Dr. David Summers - Tveten Dental Care

Shawn Terrell — Wed, 16 Dec 2020 11:45:00 -0600

Be yourself.

For Dr. David Summers of Tveten Dental Care, the “be yourself” mantra (even though cliché) has served him well with so many important decisions… like choosing a dental school and practice partners.

Listen to the latest episode of The Practice Growth Podcast to learn more about:

Dr. Summers’ approach to breaking down dental stereotypes.
What advice he would give to dental students, and how college football taught him an important lesson.
His approach to dealing with anxious patients, and how Peanut M&M’s can make all the difference.

Plus more.

You can find more information about Dr. Summers and his practice at tvetendentalcare.com

Dr. Diana Pelzer - The Nest Pediatric Dentistry

Shawn Terrell — Wed, 02 Dec 2020 11:45:00 -0600

Dr. Diana Pelzer didn’t go to college with the intent of becoming a dentist. But a chance encounter changed everything, and led her down the path of building and owning her own pediatric practice.

Listen in to learn more about:

How she handled her scratch startup during the height of a pandemic.
How becoming a parent has affected her approach in working with children.
What went into the design of her practice, including the unique feature kids are sure to remember.

Plus more.

You can find more information about Dr. Pelzer and her practice The Nest at thenestdsm.com or at thenestdsm@gmail.com

Dr. Chad Johnson - Veranda Dentistry

Shawn Terrell — Wed, 18 Nov 2020 06:00:00 -0600

Dr. Chad Johnson learned a few lessons the hard way early in his dental career. That doesn’t make him unique. It also doesn’t make his story any less interesting.

Listen in to learn more about:

How being struck by lightning – literally – turned out to be one of the best things that ever happened to him.
How he technically started his practice – Veranda Dentistry – when he was a D2.
Why he tries to help his associate dentists “shorten the curve” in the early stages of their careers.

Plus more.

You can listen to Chad’s Everyday Practices Podcast here. You can also find him on Linkedin, or at VerandaDentistry.com

Trailer - The Practice Growth Podcast

Shawn Terrell — Thu, 10 Sep 2020 21:52:57 -0500

Trailer - The Practice Growth Podcast. Coming in the Fall of 2020.