A peer-reviewed journal that offers evidence-based clinical information and continuing education for dentists.

Everything a Dentist Needs to Know about Financial Planning


Dentists, like other professionals, should develop a solid financial plan to build wealth and prepare for retirement. Planning for financial independence while building their dental practice is an issue that concerns dentists at all stages of their career, whether they’re just starting out, growing to multiple locations, or preparing to sell their practice in preparation for retirement. Developing a financial plan with the guidance of a team of professional advisors helps them meet their unique current and future goals while allowing the plan to evolve throughout various life stages.

In this episode of The Art of Dental Finance and Management podcast, Art meets with Ryan Weigel, CPA, CFP and Zachary Schnitzler, CEPA, CLCS of Eide Bailly Financial Services about the financial planning process for dentists. Ryan and Zachary emphasize why financial plans are so important, major pitfalls to avoid (typically, not having any financial plan), as well as what steps dentists can take to ensure success. They also discuss some of the essential elements of a solid financial plan:

  • Budgeting
  • Debt reduction
  • Student loans
  • Retirement savings
  • Insurance coverage
  • Children’s education
  • Estate planning

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