Accumulating Wealth

Would you like ketchup with that? The Secure Act 2.0 pours on the opportunities to increase Americans' financial readiness for retirement, and with that comes higher catch-up contributions indexed for inflation. For high-income earners, even bigger changes with a new " rothification" rule. Adding to the list, SIMPLE and SEP IRAs have new Roth options available, and the guys are here to clarify it...

If someone mentioned that the Setting Every Community Up for Retirement Enhancement (SECURE) Act could help your business, it might sound like just another ridiculous sales pitch. However, this piece of legislation is here to stay. With the help of a special guest, the guys discuss how its provisions aren't just for individuals seeking to boost their nest eggs and actually contain many changes for...

For the guys, Beyonce, Fed rate hikes, tax refunds, and college savings are all on the list of topics this week. When it comes to saving for tomorrow and the next 25 years, it can be tricky to know which account deserves your undivided attention. The guys dish on which accounts need a little extra love to fuel the future you've dreamed of. And when it comes to the tax refund you're waiting to get...

Shopping for a house in today's high-interest environment seems like a competitive sport, and you're not alone. Many housing factors are sounding the alarm, but the guy's thoughts on whether to buy now may surprise you. To close out the episode, they also expand on employees working out of state and whether IndexGPT, the A.I. stock picker, could be the next trend or fad. LINKS: cainwatters.com Sub...

In 2021, the S&P 500 was at all-time closing highs, 2022 delivered the worst returns since the global financial crisis, and now the bulls are running wild this year. The S&P 500 has seemingly bounced back substantially, but could this actually distract investors from the bigger picture? LINKS: cainwatters.com Submit a Question Facebook | YouTube

If there's one thing dental practice owners have, it's tenacity for their practice to succeed. And knowing where your averages lie compared to your neighbor down the street is imperative for growth and goal-setting. That's why today's episode goes inside our most comprehensive report of the year, which looks at average overhead, collections, staff salaries, and more for 7 dental specialties of var...

ChatGPT has undoubtedly taken the world by storm, but it's no match for super CPAs like Hunter and Judson. And while we certainly can't predict the future, we can prepare for it. Total household debt hit a record high at $17 trillion, and credit card debt delinquency rose to 4.5%, and those things can hit practice owners right where it hurts: collections. And finally, the IRS has dropped the 2024...

This episode is jam-packed with topics surrounding IRS AI bots, whether cash investments in a recession are an avenue for you, and those looming repayments on student loans. But first, did you know that $600 billion in taxes will go uncollected each year because the IRS needs more people and technology? The guys give their take on all of this and conduct a 5-month practice checklist to analyze you...

There was an astounding amount of production growth in 2022 for pediatric dental practice owners, and this special edition episode goes beyond the numbers in the NEW Pediatric Practice Comparison Report . With the help of a special guest, the guys are digging into how pediatric dentists' production per chair and per patient took off, where the average overhead remains, and how much they're really...

Would you believe us if we told you the average American retiree spends an hour grooming daily with the remaining time spent sleeping or leisurely? So, after all those years spent saving for your retirement dream, where does your money actually go? In this new episode, the guys dish on the lifestyle of an average retiree and how time and social security actually impact it. Plus, they evaluate the...

In honor of Tax Day, the guys discuss extensions and explain why if you've already received your tax return this year, it may be looking lower than normal. Lastly, the IRS wrapped up its final entries to the annual Dirty Dozen List, which includes sophisticated schemes targeted toward high-income taxpayers, and the guys are here to recap it all. LINKS: View the complete 2023 IRS Dirty Dozen List c...

The IRS has released its annual list of the worst of the worst tax scams, and the guys are here to break it down. Some items are new to the list, while others are repeat offenders; either way, the guys urge taxpayers, businesses and tax professionals to watch out for these scams throughout the year, not just tax season. LINKS: S&P 500 Chart cainwatters.com Submit a Question Facebook | Youtube

In this special edition episode, the guys explore the NEW Orthodontic Practice Comparison Report in-depth. Tracking 10 years of data, they identify industry trends that go side by side in all specialties. They analyze whether practice collections are growing, review the latest average staff salaries, and detail the sensitivities around raising fees. These different data points provide insight into...

Could SVB's breakdown cause a ripple effect that slows down the economy? With tightened market conditions already in place, investors are wondering if cash in the banking system is safe or if it's sending smoke signals for a bank run. The guys are diving into this along with FDIC-insured deposit limits you might want to jot down and the Fed's latest, surprising rate hike.

In this episode, the guys are unleashing all that's been on their minds lately regarding the financial markets. They discuss how Silicon Valley's latest bank crisis is rattling America's largest banks and spooking investors. Plus, their favorite Ponzi schemes and how not to fall victim to "liquidity traps" like this during volatile economic times.

This special episode was filmed at the 31st Annual Meeting with business owners in attendance. It is centered around the million-dollar question every practice owner likely has, "what is my practice worth?" And while that answer is multifaceted, NDP Partners Christy Ratcliff and Charles Loretto join in to offer their perspective on trends they're seeing throughout thousands of practice valuations...

Every detail in your financial plan matters, which is why trust in your advisor is just as important as the financial performance. Because client/advisor relationships are so complex, the guys describe their approach to aid clients in making decisions that balance their emotional and social needs without sacrificing the ultimate financial goal.

The guys have some good news and not-so-good news. This episode, the guys are covering a plethora of tax topics: a recent tax court case that may affect work automobile audits, CPI print numbers, reporting taxes on cash apps and where to begin searching for an associate doctor.

What is an exchange-traded fund (ETF), and why does it actually matter? This week, the guys are putting ETFs and index funds under the microscope. They talk through the tax stipulations, availability and noteworthy differences they could have in your portfolio. Plus, what could a newly appointed IRS commissioner mean for future audits? And is there any truth to International Monetary Fund (IMF) ch...

What does the Super Bowl have to do with the stock market? Historically speaking, there may be a correlation between the two. Judson and Hunter look into other variables they anticipate will affect listeners most this year; proper banking flow, interest rate stabilization, market normalcy, and discuss if it's true that some Americans would give up their annual bonus to see their team win the Super...

Year-end results for the aggregate bond index ended big and scary. And even though CPI is down, we still are not feeling it yet, and prices at the stores are on the rise. Is there good news ahead for bonds and consumer prices in 2023? The guys answer the 'why' and expand on where they see opportunities ahead. They also review key changes in the SECURE Act 2.0 and why the new law has something for...

For two and a half years, stimulus dollars granted you some extra spending monies and, chances are, resulted in easing up on what's all going out the door. This year things have changed and there's no better time than now to regain control of your spending and get your expenses back in line. The guys close out the season by evaluating the areas within your practice you should heavily monitor to he...

Although it feels like more, corporate-owned practices make up only 10-15% of the total dental practice marketplace. While the high multiples and flexibility are appealing, not every practice has a model that's compatible. NDP 's Christy Ratcliff is back in the studio to go over the type of practice a public sale may be right and wrong for and her view of the impact FOMO has had on practice owners...

A volatile 2022 is behind us, but with interest rates on the rise, many dental practice buyers and sellers are feeling conflicted with transition plans. NDP and 7Pillars Partner Christy Ratcliff joins the guys to discuss what she's seeing in both private and DSO practice sales and how that could evolve in 2023.

You can now save more in your 401(k) and IRA this year, but given the down market, is now really the time to increase your retirement contributions? The guys ring in the new year by reviewing if your savings strategies should change in response to the updated 2023 contribution limits.