Strategic Financial Planning for Dentists: Insights with Jennifer LeeIn this episode of the Solutions Dental Education Podcast, host Phil Cole discusses financial planning with Jennifer Lee, a seasoned financial advisor and founder of Modern Wealth, who has been helping dentists for nearly 30 years. They cover crucial topics such as tax sheltering, the importance of planning for retirement and an exit strategy, and how to replace income after the sale of a dental practice. Jennifer emphasizes the need for early financial planning, the benefits of having a comprehensive financial plan, and the role of disability and life insurance in securing a dentist's financial future. Tune in to gain valuable insights on building a financially sound dental practice and planning for successful retirement.00:00 Welcome to Solutions Dental Education Podcast00:35 Introducing Jennifer Lee: Financial Advisor for Dentists01:17 The Importance of Planning for Your Exit03:20 Common Financial Mistakes Dentists Make05:41 When to Start Thinking About Retirement08:48 The Ideal Timeline for Exit Strategy18:23 Building Blocks for Replacing Income After Exiting21:57 Long-Term Financial Planning for Dentists22:37 The Role of Insurance in Financial Planning23:34 Building a Strong Financial Foundation26:38 The Importance of Disability Insurance33:05 Financial Planning for Peak Earning Years35:50 Tax Benefits of Relocating to Tax-Favorable States38:32 Conclusion and Final Thoughts
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