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If you have had your own practice for a while, you will have acquired valuable business experience over the years, either through, "the school of hard knocks" with some expensive mistakes along the way, or with the help of colleagues and practice coaches. Either way, you feel established and are working hard towards retiring some-day, trying to manage and juggle the practice and your family/personal lifestyle.

You may or may not have anexit strategy in mind yet, but either way, a poorly planned exit can cost you a lot of money, noting that once your income stops, you will have been accustomed to a certain type of lifestyle. Experience has shown that you need to start planning and preparing for retirement 5-10 years before you retire.

Many "retirement planners" do not specialize in dentistry and so they do not understand your business. They also typically work in silos and so do not look at the big picture plan, as other areas of your tax and financial planning have overlap strategies that can put money back in your pocket.

At TMFD, we are in a very unique position to see a wide range of practices in every phase of maturity and enjoying varying degrees of success. We are therefore exceptionally qualified to plan and implement the strategies needed to help you run a successful practice, and align your practice with your lifestyle needs by building your Net Worth.

TMFD can help you reach your goals. Some common, but not limited, subject areas where we can help include:

1. Tax and Accounting
2. Practice Cash Flow Management
3. Reducing Overheads/Improving Practice Efficiency
4. Education Expenses
5. Set retirement need targets in place
6. Review low fee investments, and savings
7. Consolidatebookkeeping and accounting services
8. Estate planning and insurance
9. Practice benchmarking