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Bad Stocks: Calling It QuitsSo you have a long-term loser in your IRA account a stock that has missed the big run up of the past few years and is currently trading below your purchase price. Since you can't use trading losses in your IRA as a tax write-off, is it worth it just to "grow old together" and hope the stock improves with age?
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New Patient AdvertisingFor practices just starting out or struggling to bring in new patients, though, social media is a powerful tool whose cost is a small fraction of what billboards and print ads cost.
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Smart Choices Can Lower Your 401(k) feesSome 401(k) plans-especially those at smaller companies-still stick participants with excessive fees. But employees are not powerless.
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What Are the Differences Between a Traditional IRA and a Roth IRA?401k, IRA, traditional IRA, Roth IRA, so many retirement options where does one begin? First, make sure you know the difference between a traditional IRA and Roth IRA before considering steering away from the 401k path.
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When to Negotiate a Lump Sum Settlement from a Disability Insurance CompanyBefore entering any kind of negotiations with disability insurance company, dentists should consider these important factors.
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Add This to Challenges of Old Age: Keeping Your TeethOne in five seniors aged 75 and up hasn't seen a dentist in the past five years. Access barriers, declining cognitive function, and a lack of mobilization around senior oral health are among the problem's causes.
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5 Common 401k Rollover Mistakes to AvoidPut yourself into this hypothetical scenario. You just landed a new job in a dental practice that offers a 401K. Great. But what do you do with your old 401K? Leave it where it is, or roll it over to your new employer? Each move comes with pros and cons. There are, however, common pitfalls that you should avoid.
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Is Your Universal Life Insurance Policy about to Crash? What to Do If It IsUniversal life insurance policies used to be popular and looked to be beneficial for policy holders. However, times have changed and many of them are now failing. What should you do if your policy is one of the ones now failing?
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When to Negotiate a Lump Sum Settlement from a Disability Insurance CompanyBefore entering any kind of negotiations with disability insurance company, dentists should consider these important factors.
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Asset Location, Strategy to Cut Taxes, Is Often OverlookedNew tax law may call for tweaking strategy but probably not big changes.
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Investing in Two Kinds of Buzz: Cannabis and 5GInvesting in cannabis and 5G may seem like two far-flung things that don't belong together in the same portfolio. But the two industries have a surprising connection that makes investing in them a potential reward.
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A Practical Approach to Assessing Investment Risk ToleranceIn order to assess your true risk tolerance, take the same approach you do with your patients, one that's based on outcomes.
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Moving to a Low-Cost State Can Save a Bundle, But Keep Careful RecordsMoving to a new state can save you a lot of money over time. However, high-tax states are often suspicious of such moves, so it's important to keep track of your move-related documents.
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Build Your Dental Business from the Ground, UpRegardless of the literal structure of your dental practice, you need to picture it as a building with two towers. One tower represents your clinical abilities, the skills you learned all throughout dental school. The other tower represents your business acumen. Which of these towers have you devoted more of your attention to? Odds are, it's the former. To be successful in the dental business, you need to devote time toward expanding your business skills. You can start with this suggested reading list.
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Five Tips for Preparing Your 2018 Tax Return and Saving On Future TaxesSeemingly, creating your tax returns continues to only get more complicated and this year is no exception. Here are some tips to guide you through the process, and maybe even save for next year.
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The 10 Most Valuable Sports Franchises in the WorldThe ads that take over your TV and computer screens when you watch sports are there for a reason -- sports is big business. These 10 franchises rake in the most revenue.
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Death Planning: A Must for Small Business OwnersDeath is an inevitable part of life that requires planning ahead. For small business owners, including dentists, that plan is especially imperative. To be sure your wishes are met after death, there are several steps you will need to take. Continue below to find out what you need to do secure your estate.
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Legal vs. Factual Disability: Complications Caused by Disciplinary ActionOne hotly contested issue that arises in certain disability cases is when a professional, whether a doctor, dentist, chiropractor, podiatrist, or lawyer, is faced with disciplinary action from the governmental agency charged with overseeing such conduct, and seeks to file a claim for disability benefits.Â
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How Medical Practices Can Better Prepare Medical Professionals for a Secure RetirementMedical professionals commit their lives to improving the health and well-being of others and deserve a financially secure retirement.
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Six Steps to a Flawless Home Purchase: What Dentists Should Understand Before Making an OfferDentists can have complex financial situations that makes major purchases like buying a home more difficult. In order to avoid extra complexity, make sure to follow these 6 steps as your home purchasing journey begins.
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Set Yourself Up For Financial Success After GraduationBecoming a dentist or medical doctor requires a significant delay to enter the workforce. Choosing to enter into these professions means that earning potential is delayed until around 30 years old. InvestingDoc knows the path to getting established in your career is fraught with debt and feelings of being entitled to luxuries after working hard in school. Continue below to find out how to move past these feelings and pave the way for financial success.
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Have a Household Employee? Be Sure to Follow the Tax RulesYour babysitter or the person who mows your lawn the IRS might consider them to be household employees. That means you're on the hook to properly report and pay taxes relating to that employee. What follows are the factors the IRS looks at to determine whether someone is considered a household employee and if they are, what you may be responsible for.
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Dental Devices And Technology As a Selling PointFor as much as you invest in your dental tools and products, your patients may not care because they don't understand how your devices work. By helping them understand you can also market your practice as state of the art.
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How to Calculate the ROI of your Dental SoftwareDental software can be one of the best investments for your dental practice, but it can also be an unprofitable investment if you select a system that doesn't deliver enough value. How can you tell if your software has a positive ROI (Return on Investment) for your dental practice?
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Unlicensed Dentist Charged With Driving Patients to Tijuana for 'Low-Cost' Dental CareOfficials say a formerly licensed dentist took a commission in exchange for bringing patients into Mexico for dental implants.
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Why I Love My Second HomeWith compounding costs and extra work, purchasing a second home is not on the average person's to-do list. But for some families, the joys of a home away from home outweigh the stressors that accompany owning a second property. Physician on Fire and his family are amongst this small population. Continue below to learn about POF's journey to owning a cabin.
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Complete Health Dentistry: The Mouth and Body ConnectionThe U.S. health care system treats oral health as thought it is completely separate from overall health. But the more that is learned about diseases like heart disease and stroke, the clearer the link between the mouth and the body becomes. Dr. Tiky Swain takes the complete health dentistry approach in her practice. This is why you should, too.
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Chicago Midwinter Meeting: 5 Ways to Turn On the New Patient FaucetIt's always possible to bring new patients into your dental practice. You just need to use the right marketing approach. That was the message of Michael Abernathy, D.D.S., during his continuing education session at the Chicago Midwinter Meeting last week. According to Abernathy, the key to successful marketing is to make sure that the proper practices are in place before you begin.
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4 Regrettable Times Dentistry Made the NewsDentists are hardly seen as the edgy rebels of the medical industry. In fact, a career in dentistry usually comes with a clean reputation and rarely makes headlines. But like any demographic, there are outliers. Below are dentists who have made the news for the wrong reasons.
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Deaf Patients in the Dental Office: How You Can HelpIt's important for a dentist to be able to welcome and engage all patients. These tips will help dentists accommodate patients who are deaf and hard-of-hearing.
