Dentist's Money Digest

To ensure success when opening a new office, keep these six things in mind.

Emotions can run high during a divorce, but working with the right professionals can help to streamline the process.

The holidays can bring on a lot of stress, but these tips can help you to actually enjoy the season.

From throwing a holiday party to giving your employees some well-deserved time off, here are some tips to keep your staff in the holiday spirit.

There are different ways to invest in real estate, each carrying different inherent levels of risk, liquidity and transparency.

A look at some of the important documents and advisers you need to have a successful transition.

Dental practice values typically decrease during divorce proceedings, but surrounding yourself with the best professionals can help.

Dentists are known for their high income, but what many lack the know-how to manage their money. Michael Abernathy, owner and founder of Summit Practice Solutions, knows a thing or two about avoiding financial disaster. Continue below for the six big mistakes Abernathy sees the most from his clients.

Financial advisors typically discourage their clients from taking out a loan on their 401(k) plans. Eric Meermann of Palisades Hudson Group explains under what circumstances this option is actually a good idea. Continue below for more information on borrowing from your 401(k).

The Mega Backdoor Roth IRA is an investment strategy that allows you to contribute up to 36k per year to your existing Roth IRA in addition to your other retirement savings. The best part is there are no income restrictions. Continue below to learn about Future Proof MD's experience with the investment.

Here at DMD, we love to help our audience build their wealth, and more importantly, avoid pitfalls. Whether you're thinking of purchasing property for business or personal use, "location, location, location" rings true. Continue reading for WalletHub's 2017 analysis of the best cities for real-estate value.

Educating buyers and sellers about the benefits of this approach is key.

Everyone would like a raise-but there are several surefire ways to ensure you won't get one.

Everyone would love a raise-but there are several surefire ways to ensure you won't get one. What’s more important than recommending what you should say when asking for a raise? Talking about what you definitely should NOT say.

The cloud-based dental care plan is said to connect dentists directly with patients.

While it's easy to be pessimistic these days, there are plenty of reasons for labs to welcome the future.

Owning property is a tried-and-true way to gain passive income. But do you really know how and why real estate contributes to your wealth? Passive Income MD has boiled it down to the four main channels of ownership benefits. Continue below to learn more.

Time flies when you're having fun. Or, as Kermit tells us, time's fun when you're having flies. Physician on Fire has a few ideas about how he wants to spend his time after retiring from his anesthesiology career. If you, too, are thinking of retiring early, continue below for some inspiration.

It takes a lot of hard work, plenty of studying and no shortage of determination to become a dentist. Those are the same skills needed to successfully save for retirement, and yet, many dentists struggle to build up enough savings to live the lifestyle they desire in retirement. CPA Douglas Fettig sat down with DMD to share his insight regarding retirement planning for dentists in particular. Continue below to learn how to manage your retirement plans.

Looking at the most recent data from the US Bureau of Labor Statistics – and what it means to you Ideally, we see our dentists twice a year – just for cleanings and incident-free checkups. Regrettably, there are times when more work is required, and in some cases, crowns, bridges and maybe even dentures are needed.

Looking at the most recent data from the US Bureau of Labor Statistics – and what it means to you. In order to be a dentist – or anyone in the healthcare field, for that matter – one has to want to help others. And while there is an altruistic element to the work, the fact remains that dentists want to get paid for their hard work.

If your cash flow is dropping, it may be time to reinvest in your team. Your practice is a living, changing organization, and it ends each day a little different than it began. Slight changes in revenue, outstanding receipts, patient load and procedural requirements occur daily and regularly at your practice. These changes not only have an impact your practice on their own, but they also carry quite an effect when combined.

 Some of you are probably saying, “No way! I can’t afford to pay my team more money. I haven’t raised fees in three years and the insurance companies keep cutting reimbursements.” That’s an understandable reaction. After all, employee compensation is the biggest expense in a dental practice.

 Having assisted dental groups and DSOs obtain EHR subsidy payments over these past few years, I can tell you that because of all the misinformation and misunderstanding about the rules behind this program, many groups and DSOs will miss out on millions of additional payments over the next five years if they don’t truly understand what their ongoing rights are.

More and more dog owners are bringing their four-legged pals along on trips. You and your pooch can enjoy the companionship of the road and new environments, but like any family journey, this one takes preparation. To ensure your road trip with your furry companion remains safe and enjoyable, follow the tips below.

Brokerage liaison Brandy Keck of Carr Healthcare Realty, a firm that specializes in selling and buying real estate for medical professionals, knows a thing or two about demographics. Keck sat down with Dentist's Money Digest® at the Yankee Dental Congress to provide insight on how Carr recommends real estate purchases to dental clients. It makes sense, she said for generalist and specialists to come together if patients can be referred back and forth.

Set yourself up for success by understanding how long different transactions may take.

Working with a real estate broker can help you achieve the best possible terms.

Treating children the same as hypothetical buyers can help to ensure a smooth process.