Ty Ramsey

Apr 25, 2024 | dentaleconomics.com | Mark Kravietz |Ty Ramsey |Natalie Haggard |Howard S. Glazer

Financial preparednessOne of the foremost considerations in retirement planning for dentists is ensuring financial stability. Many practitioners invest significant resources into building and maintaining their practices, making it imperative to have a robust financial plan for retirement. This includes a comprehensive understanding of personal and practice finances, evaluation of potential sources of income during retirement, and exploration of investment opportunities.

Feb 20, 2024 | dentaleconomics.com | David Phelps |Joshua Austin |Chip Fichtner |Ty Ramsey

For investors who want to step away from practice (and reduce their reliance on practice income), it is vital to have a financial plan that does not rely on accurately predicting the future. What if markets don’t grow over the next decade? Investors should beware of linear extrapolation, or the temptation to believe that the future will follow the recent past. The last 40 years have been an era of declining interest rates and market growth, ending in the historic lows of 2020–2021.

Feb 19, 2024 | dentaleconomics.com | Ty Ramsey |Joshua Austin |David Phelps |Chip Fichtner

As a wave of consolidation sweeps across the industry, dental entrepreneurs are increasingly gravitating toward dental service organization (DSO) partnerships, motivated primarily by the work-life balance advantages and the financial opportunities. The focus on finances is understandable because, with the right DSO partner, the monetary benefits can be substantial for practice owners, both up front and in the future.