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Teresa Duncan explores the dental business from behind-the-scenes of the industry to tackling management and business issues in the office. Frequent co-host Kevin Henry throws in his viewpoint. We don't want you to ever be in positions where you find yourself saying "Nobody Told Me That!"

Dec 17, 2018

Today’s podcast explores why retirement amongst dentists is growing more elusive. The average American retires at age 63 and the average dentist retires at age 69. The average American earns $56,5133 per year and the average dentist earns more than four-times the average American, at roughly $229,630. Why then are dentists making so much more than the average person but retiring so much later?

  • 1:50 - Nobody told me that dentists retire 6 years later than the average American!
  • 3:30 Dentists make 5x the average US income, so why are they stuck working longer?
  • 5:40 - 9:37 Entrepreneurship is much higher in the dentist industry. Does this contribute to later retirement?
  • 9:38 Start your career with a consultant and it can save you regret and a lot of work later on. Old habits die hard - get help with changing.
  • 11:05 - 27:57 Is dentistry turning into a commodity? What you can do to prevent this mindset.
  • 39:50 You should never be the only person making financial decisions. You aren’t objective enough.
  • 27:57- 45:50 How can a financial advisor or consultant help you to make better decisions and actually SAVE money?
  • 45:52 Let’s talk about retirement plans and how they can help minimize turnover. What can a dentist do to make retirement a great benefit?


Links from Today’s Show
Reese Harper’s Podcast
Dentist Money Show: https://dentistadvisors.com/dentist-money-show-podcast/

Consulting Personal Financial Planning Services:
https://dentistadvisors.com/

Connect with Reese on Social Media
Instagram: @dentistadvisors
Twitter: @CFP4dentists
Facebook Group: https://www.facebook.com/groups/dentistadvisors/