In This Episode
In this episode of The Art of Dental Finance and Management,” Art and Kurt Oswell dive into the intricacies of retirement plans tailored for dental practices. They discuss the benefits of 401(k) profit-sharing plans, the flexibility of new comparability allocations, and the advantages of defined benefit and cash balance plans. Kurt explains how these plans can be customized to meet the unique needs of each practice, considering their employees’ demographics or financial goals. They also highlight the importance of working with experienced professionals to optimize retirement savings and ensure financial security for both the owners and their employees.
Show Notes & Resources
About the Host
Art Wiederman, CPA, Director of Dental Practices | Eide Bailly
Art specializes in serving dental practices. He oversees a variety of services including accounting, tax compliance and planning, financial planning, retirement planning, and financial practice management consulting. Art’s expertise is not only in taxation issues for dentists, but also in his knowledge of dental practice metrics and benchmarks. Art has the ability to look at a dentist’s statements and identify profit holes in their practice.
About the Guest
Kurt Oswell, National Sales Director | Farmer & Betts
Kurt, an experienced small business owner, has been working in the pension administration industry for over 15 years. He works with entrepreneurs and business owners to design and implement pension plans that meet their short- and long-term needs. His goal is to make complex opportunities understandable so that his clients can make educated decisions. Kurt also works closely with financial advisors and CPAs to offer educational seminars and continuing education. Topics include the benefits of different types of retirement plans, changes in plan design options, as well as new laws and regulations.
