Dentists, Puns, and Money

Summary In this episode, Shawn Terrell reflects on his near-death experience and shares profound life lessons learned from it. He discusses the importance of balancing work and life, the inevitability of health changes, and the significance of relationships during tough times. Shawn emphasizes the need to enjoy life in the present rather than waiting for retirement and highlights how unexpected ch...

Summary In this episode, Shawn Terrell shares his harrowing experience of suffering a second stroke in June 2023. He recounts the moments leading up to the stroke, the struggle to call for help, and the emergency response that ultimately saved his life. After a thrombectomy procedure, he reflects on his recovery journey and the support from his family and healthcare professionals. Shawn emphasizes...

Summary In this episode, Shawn Terrell shares his personal health journey, detailing the alarming onset of double vision that led to a series of medical evaluations and ultimately a diagnosis of arterial dissection following a small stroke. He recounts the emotional and physical challenges faced during his hospital transfers, the diagnostic process, and the subsequent treatment plan that emphasize...

Summary In this episode of 'Dentists, Puns and Money', host Shawn Terrell returns after a long hiatus due to health issues, specifically two strokes he experienced in June 2023. He discusses his recovery journey and outlines the new format of the podcast, which will focus on solo episodes and the intersection of life and financial planning for dentists. Shawn emphasizes the importance of sharing h...

In this episode Dentists, Puns, & Money , we visit with Dr. Jeff Priluck. Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years.  He's continued to practice part-time because he loves clinical dentistry.  Learn more about his transition into semi-retireme...

In this episode Dentists, Puns, & Money , we visit with Robert Montgomery III, Esquire. Robert is an attorney with a specialty focus on the legal and business needs of dentists. In 1997, Rob founded Your Dental Lawyer , a boutique law firm based in Philadelphia, and he's been working with dentists ever since.  Among the topics Robert and Shawn discuss:  The legal considerations for a dentist s...

Health Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies. But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategies In this episode Dentists, Puns, & Money , Shawn Terrell shares the 13 Things You Might Not Know About Health...

Hemmen and Associates helps dentists extract maximum value and cash flow from their dental practices. The owner and president of the dental brokerage, Tom Hemmen, is the guest on this episode of Dentists, Puns, & Money .   Listen to learn more about:   How far in advance of a dental practice sale should a valuation be completed. The benefit of updated dental practice valuations during growth y...

It's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years. That's often a wise strategy to lower a dentist's lifetime tax bill. But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age. If a dentist wants to play the long-term tax game to the best o...

Dentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years. That's often a wise strategy to lower a dentist's lifetime tax bill. But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age. If a dentist wants to play the long-term ta...

In this episode Dentists, Puns, & Money , we discuss Direct Indexing as an investment strategy. Please note: This episode was originally released on March 15th. 2023. Many dentists are familiar with the strategy of buying index funds, or indirectly investing in an index. But directly investing in an index is a little different.    We’ll cover three things in this episode:    What’s are the dif...

Dr. Brady Frank suffered a wrist injury when he was a D3 in dental school. It put his clinical dentistry career in jeopardy.   So he focused on the business side of being a dentist, and quickly learned how to buy, build, and scale dental practices.   Dr. Brady continues to be involved with Dental Service Organizations today, and he joins us to discuss the pros and cons of DSO's on the latest episo...

Dr. Tom Reed is the first to admit he had the wrong mindset when he hired his first associate dentist. But now that he's spent 20-plus years as a private dental practice owner, he has a different perspective. In this episode of Dentists, Puns, & Money , Dr. Reed shares what he's learned about mentorship, and why he believes it's a critical piece of the long-term future of dentistry.   Listen t...

Colin Carr launched his commercial real estate company after seeing the same issue over and over... healthcare professionals getting "manhandled" on deals for their practice space by shady landlords.   Carr Healthcare Realty now represents dentists and dental practice tenants and buyers (and other healthcare professionals) all over the United States. In this episode of Dentists, Puns, & Money...

What are the big financial pieces for a dentist to organize as they transition out of clinical practice? That’s a question Shawn Terrell was asked by Ken Kaufman (and answered) as a guest on DEO's Growth Secrets Podcast. This episode of Dentists, Puns, & Money is a replay of Shawn's guest appearance on the DEO podcast, which was originally recorded and released in February 2023.   The podcast...

Dr. Alan Stern is a practicing owner dentist and the founder of a coaching business called Better, Richer, Stronger. After 42 years in practice, Dr. Stern is in the process of transitioning from clinical to coaching other dentists. Through his program, Alan works with dentists who want to create a workplace that is productive & profitable and a life that is rewarding and meaningful. In fact, A...

How should a dentist know if and when to seek professional help with their money? That’s a question Shawn Terrell was asked by Dr. Grace Yum as a guest on the Mommy Dentists in Business Podcast. This episode of Dentists, Puns, & Money is a replay of Shawn's guest appearance on the MDIB Podcast, which was originally recorded in the summer of 2022. Dr. Yum started as a pediatric dentist in Chica...

Dr. Shivani Kamodia Barto is a general dentist, yoga teacher, and wellness coach. Dr. Kamodia Barto put her clinical career on hold not long after dental school. She's using the clinical pause to build a separate business as a wellness coach and yoga instructor. Dr. Kamodia Barto has over ten years and 600 hours of experience teaching yoga asana, facilitating personal-development workshops, hostin...

Ken Kaufman is a sought-after speaker and thought-leader in the dental industry. Ken recently wrote his first book "Financial Secrets to Grow Dental Organizations," and he shares the key takeaways from the book in this interview. He's worked as a CFO and President in several dental organizations over the last 20 years. In that time, he's learned the keys for dentists to grow and scale their practi...

It's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years. That's often a wise strategy to lower a dentist's lifetime tax bill. But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age. If a dentist wants to play the long-term tax game to the best o...

Dr. Karen Tindall and Dr. Laura Schwindt combine their love of people, transformations, and dentistry together in their partnership of The Mint Door. They share their story and how they help other dentists in this episode. Drs. Tindall and Schwindt believe the well-being of dentists and their team members is the key to a successful practice and, more importantly, a happy life. That's why both left...

Dentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years. That's often a wise strategy to lower a dentist's lifetime tax bill. But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age. If a dentist wants to play the long-term ta...

How should you think about marketing your dental practice if considering a sale in the next 3-5 years?  Grace Rizza, CEO of Identity Dental Marketing discusses that topic in this episode.  Grace is the CEO and founder of Identity Dental Marketing. She's guided the growth of more than 1,500 dental practices since founding her company in 2009.  Among the topics Grace and Shawn discuss:  Why new pati...

Health Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies. But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategies In this episode Dentists, Puns, & Money , Shawn Terrell shares the 13 Things You Might Not Know About Health...

In this episode Dentists, Puns, & Money , we visit with Dr. Jeff Priluck. Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years.  He's continued to practice part-time because he loves clinical dentistry.  Learn more about his transition into semi-retireme...