Dentists
As a dentist with an independent practice, your personal wealth is closely tied to your business. This makes managing your finances more complicated—and even more crucial. For almost two decades, Merit Wealth has focused on helping dentists and other medical professionals navigate the unique financial challenges and opportunities of the profession.
We advise both independent and corporate practices as well as employees and associates
New Dentists
This is an exciting stage in your career, but it can also mean the burden of student loans and payments.
With all you have going on, it can be difficult as a new dentist to focus on long-term planning. But it’s important to get started with a sound financial plan that reflects and balances your priorities, including buying or opening a practice, buying a home, and starting a family. Though retirement may seem like a long way away, we also focus on helping you plan and invest for it now—which may allow you to retire earlier if you want. While no one can predict the future, the financial plan we create together, is designed to help protect you and your loved ones against the unexpected.
At Merit Wealth, we help free you up from the day-to-day work of planning and managing your financial future so you can focus on growing and developing your practice. We can help you:
- Plan to pay down dental school debt while balancing other financial priorities
- Put together a strategy to buy or start a dental practice
- Protect against the unexpected
- Manage potential liabilities
- Start planning, saving, and investing for retirement
Mid-Career
As a Dentist in the middle of your career, you have become increasingly busy with both your practice and your family. We can help you build a strong financial plan – whether improving on an existing plan or creating a new one (it is never too late to start)—that helps you make the most of your financial situation today while creating a clear path to the future and retirement on your terms.
We can help you:
- Put together a strategy to pay for children’s education
- Implement a more cost-effective retirement plan that requires less paperwork and administration
- Make sure you are on track for a secure retirement
- Protect your family, yourself, your assets, and your practice against the unexpected
- Make sure you are not overpaying taxes through tax optimization and tax efficiency strategies
- Buy a practice or handle the buyout of a colleague
- Work closely with your other financial professionals, including your CPA and Estate Attorney, to ensure an efficient and coordinated approach
Late Career
You’ve built a thriving practice, but now you are thinking about how to transition it to others and retiring (or working fewer hours). We can help build a plan that will work for you and your business and prepare for the transition to retirement. This includes selling your practice or a succession plan, tax-management, investments and distributions, and creating a reliable retirement income stream.
We can help you:
- Analyze your options for selling/transitioning your dental practice
- Make sure you continue to enjoy a secure, comfortable retirement and don’t outlive your money
- Make sure you are not overpaying taxes through tax optimization and tax efficiency strategies
- Ensure you have money to pay for the unexpected as well as ongoing expenses and regular retirement income through cash and income planning
- Help you leave a legacy for your loved ones, future generations, and your preferred charities through estate planning
- Work closely with your other financial professionals, including your CPA and Estate Attorney, to ensure an efficient and coordinated approach
