- Services
Financial Planning for Dental Practice Owners
Turn Your Practice’s Success Into Long-Term Personal Wealth
You focus on building a successful dental practice. We help you make more informed decisions about the wealth it creates.
Owning a dental practice can be financially rewarding. But managing the financial complexities that come with ownership is another challenge entirely.
Between business taxes, retirement plans, investments, and personal financial goals, it’s easy for important decisions to be made independently rather than as part of one coordinated strategy.
At Turning Point Financial Inc, we help dental practice owners bring those pieces together through our Dental Practice Wealth System.
Our approach focuses on three essential priorities:
REDUCE unnecessary taxes. RETAIN more of what you earn. GROW your long-term wealth.
A Successful Dental Practice Doesn't Automatically Create a Successful Financial Plan
You may have spent years building a profitable practice, growing your team, and serving your patients.
But have you had the same level of attention devoted to your personal financial future?
Consider these questions:
- Is your practice structured in a way that supports your current tax and financial objectives?
- Is your retirement plan designed to meet both your goals and the needs of your employees?
- Are your tax professional, retirement-plan providers, and financial advisor coordinating their recommendations?
- Are you building meaningful investment assets outside your dental practice?
- Do you have a proactive financial planning process, or are major decisions being made as they arise?
These questions matter because your practice and your personal wealth are closely connected.
Your financial strategy should reflect that connection.
Introducing the Dental Practice Wealth System
One Coordinated Approach. Three Essential Priorities.
The Dental Practice Wealth System is our framework for helping dental practice owners evaluate the financial decisions that can affect their taxes, retirement, investments, and long-term wealth.
- 01 - REDUCE
Proactive Tax Planning
Keep more of what you earn by identifying appropriate tax-planning opportunities.
As your dental practice grows, your financial and tax situation may become more complex.
We help you evaluate planning considerations such as:
- Practice ownership structure and compensation
- Tax planning strategies to reduce your net income legally & ethically
- Tax-efficient retirement-plan strategies
- Coordination of business and personal financial decisions
- Tax-aware investment planning
- Year-round collaboration with your CPA and other professionals
Our goal is to help you make informed decisions before important planning opportunities pass.
The objective: A more proactive, coordinated approach to managing your tax obligations.
- 02 - RETAIN
Strategic Retirement Planning
Build a retirement strategy that works for you and your dental practice.
Your practice’s retirement plan can be more than an employee benefit. When appropriately designed, it may also play an important role in your personal retirement savings and overall financial strategy.
We help evaluate considerations such as:
- 401(k) plan design
- Profit-sharing opportunities
- Cash balance and defined-benefit plan options
- Owner contribution objectives
- Employee demographics and employer contribution costs
- Coordination between retirement contributions and tax planning
The right solution depends on your practice, your goals, and the applicable plan requirements.
The objective: A retirement strategy designed around your needs as both a business owner and an individual.
- 03 - GROW
Investment & Wealth Strategy
Build financial independence beyond the value of your dental practice.
Your practice may be one of your most valuable assets. But your long-term financial security shouldn’t necessarily depend entirely on its continued success or eventual sale.
We help dental practice owners evaluate:
- Investment strategies aligned with personal financial goals
- Tax-aware portfolio management
- Retirement income planning
- Diversification beyond the dental practice
- Personal wealth accumulation
- Financial planning for life after practice ownership
Our approach considers both the growth of your investments and the role those investments play in your overall financial picture.
The objective: Build and manage personal wealth that supports your future financial goals.
- Why Coordination Matters
Your CPA, Retirement Plan, and Investments Shouldn't Operate in Separate Silos
Consider a profitable dental practice owner who is making decisions about compensation, retirement contributions, equipment purchases, and personal investments.
Each decision may be reasonable on its own.
But those decisions can also affect one another.
A retirement-plan decision may influence the owner’s tax situation. Investment transactions may affect household tax obligations. Business cash needs may influence how much the owner can comfortably contribute toward retirement.
That’s why we believe financial planning should consider the entire picture.
Through the Dental Practice Wealth System, Turning Point Financial helps coordinate financial planning considerations across your practice and personal life, working alongside your existing tax and other professional advisors as appropriate.
Because a collection of good financial decisions isn’t always the same as a coordinated financial strategy.
- Who We Help
Financial Planning Designed for Dental Practice Owners
Our approach may be especially relevant if you:
- Own an established, profitable dental practice
- Want to evaluate opportunities to manage taxes more proactively
- Are interested in reviewing or improving your practice's retirement plan
- Want to build investments and personal wealth outside your practice
- Have multiple financial professionals but want better coordination
- Are beginning to think seriously about retirement or eventually transitioning away from practice ownership
Whether you’re focused on maximizing your current financial opportunities or preparing for the next stage of life, the goal is to build a strategy around your circumstances.
How We Work Together
Our goal is to help you make financial decisions with greater clarity and coordination.
Free Resource for Dental Practice Owners
Are You Overlooking Important Financial Planning Opportunities?
Download our Dental Practice Owner Tax & Wealth Checklist.
This 38-point self-assessment helps you review seven important areas:
- 1. Practice structure and owner compensation
- 2. Retirement-plan design
- 3. Equipment purchases and business expenses
- 4. Employee benefits
- 5. Business and personal tax coordination
- 6. Tax-aware investment planning
- 7. Proactive year-round planning
Use it to identify topics worth discussing with your financial and tax professionals.
Your Practice Is Your Business. Your Wealth Is Your Future.
You’ve invested years building your dental practice.
Now consider whether your financial strategy is doing everything it reasonably can to support the life you want to build outside the practice.
At Turning Point Financial Inc, our Dental Practice Wealth System provides a coordinated framework for evaluating tax planning, retirement strategies, and investment management.
Let’s discuss how your practice’s financial success fits into your long-term personal goals.