Daily Summary

7:30-8:30am:  Check-In / Breakfast
8:30am–12:30pm:  Half-Day Sessions (4 CE hours each)
Afternoons free to enjoy paradise!

This series offers 5-days of tax, finance, and business-related topics. Whether you're just starting your career, mid-stride, or nearing the finish line, this generous subject matter will help you better navigate the ever-changing dental industry steering you towards achieving financial independence. Registration includes attendance for each of the 5-day sessions. While you’ll glean valuable information from each session, you can choose those most applicable to you! RSVP for attendance will be taken in the weeks closer to the seminar date. Full itinerary with session descriptions are available below.

Full Schedule

Monday, January 22, 2024

8:30 AM - 12:30 PM

Topic: Financial Management for Practice Owners

Join the 5% of dentists who can afford to retire at age 65. Using these winning financial strategies, you can develop a game plan to increase your net worth, reach financial freedom, and reduce stress. This hard-hitting program contains “inside information” that you simply can’t find elsewhere - gleaned from over 30 years of working exclusively with the dental profession. Highlights include:

• Creative strategies to slash taxes
• Practice building and overhead control to boost profitability
• Winning saving and debt reduction strategies
• How to cut children’s educational costs by 50% or more
• Ways to save thousands in unnecessary insurance costs
• Tax-deductible retirement savings strategies
• How to maximize tax-free income
• Strategies for increasing business tax deductions

Tuesday, January 23, 2024

8:30 AM - 12:30 PM

Topic: Maximizing Your Wealth

When it comes to managing their wealth, doctors often don’t know where to turn for sound financial advice. Even before graduating dental school, most doctors have already had their first interaction with a “financial expert” looking to help them. This course will guide you through the principles of slashing taxes, increasing your savings, and using data and academia to understand investing returns.  Topics covered include:

• Tax efficient investing
• Increasing tax-deductible retirement plan contributions
• Slashing your taxes with Roth IRA conversions
• Understanding market pricing
• Drivers of investment returns
• Practicing Smart Diversification
• Managing emotions and avoiding market timing
• Principles of Dollar Cost Averaging
• Minimizing fees and expenses

Wednesday, January 24, 2024

8:30 AM - 12:30 PM

Topic: Transitions: Secrets to Success Despite All the Change

Dentistry today is in the early stages of massive change in terms of practice values, new tax strategies, insurance reimbursement rates, PPOs, DSOs, and the retirement of Baby Boomers.  Learn how to position your practice in order to understand all of these forces and optimize your transition outcome, whether your transition plans are immediate, near-term, or further down the road. Just some of the topics covered at this entertaining and informative course are:

• Where is dentistry headed?
• PPOs, DSOs, and shifts in payer sources
• Rising practice values
• Timing your transition for maximum benefit
• Partnerships: buy-ins / buy-outs – secrets to success
• Associateships: what determines success?
• Drivers of fair market value and how to increase your FMV
• Tax reduction strategies for practice sales

5:00 PM - 7:00 PM

Cocktail Reception

Join us Wednesday evening for refreshing cocktails and delicious hors d'oeuvres. Enjoy the sunset while socializing with your speakers and fellow attendees. More details will be provided prior to the seminar.

Thursday, January 25, 2024

8:30 AM - 12:30 PM

Topic: Tax Saving Strategies and Legal Issues in Transitions

This course covers the various legal structures of practice transitions, the practical effects, advantages and disadvantages of each, as well the tax ramifications to each party. Learn about proper planning and structuring to avoid pitfalls, and how to optimize tax results for both buyer and seller. This program also addresses the various legal documents and the variety of issues common in practice transition negotiations, and more! Highlights include:

• Associateship and post-sale services agreements
• Practice sales, buy-ins, buy-outs, mergers, and dissolutions
• Purchase price allocation
• Seller financing and related issues (e.g. recapture)
• Related party rules
• Use of deferred compensation
• Real estate matters (e.g. sale, lease, right of first refusal, option to purchase, 1031 exchange)
• Restrictive covenants
• Buy-sell provisions among owners
• Income division among owners
• Life insurance, disability buy-out insurance, overhead insurance
• Entity selection

Friday, January 26, 2024

8:30 AM - 12:30 PM

Topic: Protecting Your Retirement

Unfortunately, most doctors have neither the time nor the financial training to effectively address the numerous financial issues related to retirement, resulting in paying too much and ending up with too little. Learn the leading edge strategies you need to develop a well-designed plan to ensure a successful retirement. This course will teach you how to effectively address the numerous financial issues related to retirement, including basic estate planning and tax strategies, to protect what you’ve worked hard for. Key topics include:

• When can you afford to retire?
• When and how to take retirement plan and IRA distributions
• Meeting cash flow needs in retirement
• Methods to reduce taxes on the sale of your practice
• Social Security timing to maximize benefits
• Basics of Estate and Gift Tax laws and Estate planning techniques for taxable and nontaxable estates
• Disposition of IRAs and retirement plan accounts