Built upon a solid foundation of practice data, Henry Schein Professional Practice Transitions, in conjunction with premier dental financial planners, partners with clients to provide sound financial planning and investment strategies. On average, only 4% of dentists are able to retire at age 65 with a livable income provided through investments. However, financial freedom is attainable with proper planning. Our programs guide each client through the process by presenting options and identifying strategies.
The average dentist can achieve financial freedom in approximately 15 years with no current retirement savings set aside. Through saving approximately 10% of gross production each year for 15 years (based upon current historical stock returns of 10% on these savings) the goal of financial freedom can be attained.
We also have the resources to offer assistance with defined benefit plan options, death and disability options, staff profit sharing and retirement plans. Incorporated into this approach, we have the relationships to assist our clients in tax planning by providing quarterly financial statements, 941 payroll taxes and year-end tax return preparation and submission.
