86 episodes

Dentists, Puns, and Money is a podcast focused on two things: The financial topics relevant to dentists leaving clinical practice and the stories and lessons of dentists who have already done so.



1. The stories of dentists who have transitioned from full-time clinical dentistry.


2. The financial topics that are relevant for dentists making that transition.



If you’re a dentist thinking about your exit from clinical, and you’d like to learn from the experiences of other dentists who have made that transition, be sure to subscribe to your favorite podcast app.



Host Shawn Terrell also dives deep into the many financial components of exiting dentistry, including tax reduction strategies and how to live off your assets.



And, we try to keep it light by mixing in a bad joke… or two.




Please note: Dentists, Puns, and Money was previously known as The Practice Growth Podcast until March 2022.

Dentists, Puns, and Money Shawn Terrell

    • Business
    • 5.0 • 11 Ratings

Dentists, Puns, and Money is a podcast focused on two things: The financial topics relevant to dentists leaving clinical practice and the stories and lessons of dentists who have already done so.



1. The stories of dentists who have transitioned from full-time clinical dentistry.


2. The financial topics that are relevant for dentists making that transition.



If you’re a dentist thinking about your exit from clinical, and you’d like to learn from the experiences of other dentists who have made that transition, be sure to subscribe to your favorite podcast app.



Host Shawn Terrell also dives deep into the many financial components of exiting dentistry, including tax reduction strategies and how to live off your assets.



And, we try to keep it light by mixing in a bad joke… or two.




Please note: Dentists, Puns, and Money was previously known as The Practice Growth Podcast until March 2022.

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

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

    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 acquisitionsand sales, practice start-ups and lease negotiations, buy-ins, partnership agreements, employment matters, formingand structuring dental service organizations, operational issues, financing, real estate sales and acquisitions, as well asgeneral corporate and business matters.
    Rob regularly lectures to audiences across the country and is a frequent speaker for Ideal Practices, a highly regardednational 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.comConsulting Website: IdealPractices.comPodcast Website: TheDentalAmigos.com
    Instagram: yourdentallawyerFacebook: facebook.com/dentallawLinkedIn: 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
    LinkedIn

    • 37 min
    13 Things to Know about HSA's

    13 Things to Know about HSA's

    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
    LinkedIn

    • 18 min
    Ideal Timing for Dental Practice Valuations, with Tom Hemmen

    Ideal Timing for Dental Practice Valuations, with Tom Hemmen

    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
    LinkedIn

    • 19 min
    Tax-Saving Strategies with Required Minimum Distributions

    Tax-Saving Strategies with Required Minimum Distributions

    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
    LinkedIn

    • 16 min
    FAQ'S About RMD's

    FAQ'S About RMD's

    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
    LinkedIn

    • 19 min
    What is Direct Indexing?

    What is Direct Indexing?

    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
    LinkedIn

    • 15 min

Customer Reviews

5.0 out of 5
11 Ratings

11 Ratings

gs98888 ,

Awesome Podcast - Extremely informational!

Love each episode and the guests he brings on for discussion

ryansiler12 ,

Fun and Enjoyable

Shawn does a fantastic job bringing relevant information to his podcast. I enjoy his enthusiasm and passion for dentistry. Great guests too.

OmidT ,

Excellent podcast

Love listening to Shawn and his guests

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