Financial Planning for Dentists
As a dentist, you need to protect your financial assets and increase returns. At Edwards & Associates PC, our personal financial planning sessions are comprehensive 1-on-1 sessions with Robert Edwards (Founder) explicitly tailored to your needs.
Our #1 service that sets us apart from other CPA tax services!
Portfolio Management
Planning for financial prosperity is not just about the short-term strategy, it’s also about understanding how your money can work for you in the long term. Our firm has one goal for portfolio management, and that’s to select the right investments to ensure minimum risk and maximum returns for our clients. We manage investments in the form of bonds, shares, cash, mutual funds, and more. Our team provides expert guidance and protects your investments.
Monitoring of Existing Investments
Are you looking for a dental CPA to monitor your existing investments? Maybe just give you a better idea of your existing portfolio and what you can do to improve it?
We are happy to take over the reins and help you further excel in your journey to financial prosperity. Book a consultation!
Investment Risk Evaluations
Think you might have found the next big stock to invest in? Or did your friend tell you about the next Bitcoin? Let us evaluate the risk of any investments before you decide to allocate your hard-earned capital. Our team continuously researches what’s happening within the investment community. Let us understand the risks and help you make the best investments.
Risk Management & Asset Diversification
Ever heard the saying “Don’t put all your eggs in one basket”? Well, that’s precisely what we help with. Diversification is a vital part of risk management, with the primary goal being to enhance and preserve your financial portfolio’s value. Our team of financial planning specialists is highly skilled at understanding how to manage financial risk and protect your assets when it matters most.
From the financial crisis of 2008 to the pandemic of 2020, we understand how to invest, manage and protect our clients’ wealth during economic down-turn. Call us today to discuss your financial risk factors with our team of specialists.
Retirement Plans
Retirement planning is one of the most critical parts of financial planning. As modern medicine has increased the average life expectancy of Americans, there is a greater need for strategic retirement planning to ensure long-term financial security. By prioritizing your retirement plans, you guarantee an additional source of income and help your future self to deal with medical emergencies, fulfill life aspirations, and be financially independent.
The earlier you start structuring your retirement plan, the more you will benefit from it in the long run. Don’t wait! Contact us today to discuss which retirement plans are best suited for you and your family. We set up scenarios based on the information you give us to determine the best way to reach your retirement goals.
Other CPA Services
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Transition Services
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Dental Practice Consulting
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Have Questions?
Contact us at info@eandassociates.com or call us at (972) 267 9191 to schedule a consultation!
Does a Dentist Need a Financial Planner?
As a dentist, it’s very important to have experts working with you that can provide you with valuable information on the topics you did not study while at dentistry school. Would you like somebody that didn’t go to dental school to perform an extraction on your teeth? Probably not… and that’s why you should not be using google or trusting your own opinion when it comes to financial planning. Financial advisors are important to have because they are well trained and equipped to help you reach your goals and prepare you for the unexpected.
A financial advisor helps you organize your personal and business finances. They help manage your savings and investments to ensure a prosperous future and retirement. They also help you make short-term decisions with your money and consult you on how to reach your financial goals.
When Should I Start Thinking about Implementing a 401k Plan?
As soon as you start your business! As a veteran financial planner, our founder Mr. Robert Edwards always answers this question as follows: “I’m always talking to our clients about saving for retirement even when they first start their practice. And there are some advantages to funding a retirement plan in the early years of your practice because you don’t have any other eligible employees. Remember,0iIt’s a great tax deduction if nothing else, but it’s a good habit to get into, if you don’t put the money away, you will spend it.”
Should I Buy a Practice or Should I Just Start One?
There is, however, less risk in buying an existing practice because you have cash flow already built-in. You’re taking on about the same amount of debt you would be if you’re starting one up, but you have cash flow already. So it’s just a matter of whether you can find a good practice in the right location. Our experts have seen again and again that the most important thing when buying a practice is the location. If you want more information on whether you should buy a dental practice or start your own, we provide an in-depth discussion on our podcast, Beyond Bitewings. We also provide transition services to make sure you make the best decisions for your personal needs.