Financial
Planning

Dentists know that planning for their future is important, but their focus is typically spent on running their dental practice. This means that planning for their personal future tends to fall to the bottom of the ‘to do’ list. When you work with Engage Advisors, you benefit from a team of professionals that understands how to make dentists profitable where they are now and are also looking out for their future financial interests. This is where Engage Wealth Advisors comes in. We help our hard-working dental clients by guiding them to their desired picturesque retirement. Engage Wealth Advisors works with hundreds of dentists to create a work optional lifestyle. Because we work closely with your Engage Advisors Tax and Accounting team, we are often able to reduce your taxes while providing significant value for your financial goals. Unlike other financial advisors, we only work with dentists and can therefore help them at whatever stage they are in their careers and life. Let Engage Wealth Advisors look out for your best interest, give us a call today!

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Engage Wealth Advisors Offers a Modern Approach to Financial Planning

Meet Elements®️ - a comprehensive financial planning system for dentists. Elements is the system we use to easily measure and assess your financial health. It’s a ‘proactive dental plan’, giving us a complete and accurate view to make smarter financial decisions. The data-driven vital signs enable us to use objective data to make the best decisions for your finances.
Elements

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Dentist Life & Career Stages

Dentist Resident

Starting your dentist residency is an exciting milestone! This career stage can sometimes be encumbered by student loan payments. New dentists rarely consider planning for their futures at this phase but once they understand compound returns, they realize a small sacrifice for a big reward is worth it. We typically start our dentist resident clients with achievable financial plans, and they thank us later! Especially when they want to become practice owners.
Focus: Dentist Resident
Financial Planning Services for Dentist Residents
Personal
  • Personal insurance including life, health, personal disability, property, casualty, home, and auto.
  • Personal financial planning is a holistic and ongoing plan that helps make smart decisions on tax breaks and continuously aligns your goals with your future.
  • Private investing that creates a strategy that matches your risk tolerance, time horizon and goals.
  • Retirement plan that can help you to accumulate the money you’ll need to pursue the retirement you want.
  • Tax strategies that could help you manage your overall tax situation in your favor.

Buying into Dental Practice

Buying into an existing dental practice is a big step and having someone on your side to ask the right questions is imperative. The Engage Wealth Advisors and Engage Advisors Tax and Accounting teams work together to help dentists at this stage by asking the right questions. Does the practice have a 401k? What are the personal and business insurance policies and requirements? How is the ownership being transitioned and what are the tax implications? No one expects dentists to understand the intricacies of this milestone. We have helped hundreds of dentists buy into dental practices and often save them thousands in the short and long term by being their partner throughout the process.
Focus: Buying into Dental Practice
Financial Planning Services for Partial Owners of a Dental Practice
Personal
  • Personal insurance including life, individual health, personal disability, property, casualty, home, and auto.
  • Personal financial planning is a holistic and ongoing plan that helps make smart decisions to maximize tax breaks and to continuously align your goals with your future.
  • Private investing that creates a strategy that matches your risk tolerance, time horizon and goals.
  • Retirement plan that can help you to accumulate the money you’ll need to pursue the retirement you want.
  • Tax strategies that could help you manage your overall tax situation in your favor.
  • Estate planning to ensure that the distribution of your wealth is allocated how you want upon your death.
Business
  • Business financial planning is a disciplined approach to providing a healthy dental practice that is poised to grow in value.
  • Employee benefit plans including 401(k), health and life insurance, profit sharing and more to look after you and your employees.
  • Professional insurance including group health, business overhead, property and casualty, business owner insurance and group disability.

Owning a Dental Practice

Owning and running a dental practice can be complicated and dental school does not adequately prepare you for running a business. The Engage Advisors team of CPAs and accountants helps dentists become more profitable while the financial advisors at Engage Wealth help them with their personal and business financial planning and insurance needs. Our dental clients enjoy having a partner that is always looking out for them and their practice success.
Focus: Owning a Dental Practice
Financial Planning Services for Owners of a Dental Practice
Personal
  • Personal insurance including life, individual health, personal disability, property, casualty, home, and auto.
  • Personal financial planning is a holistic and ongoing plan that helps make smart decisions to maximize tax breaks and to continuously align your goals with your future.
  • Private investing that creates a strategy that matches your risk tolerance, time horizon and goals.
  • Retirement plan that can help you to accumulate the money you’ll need to pursue the retirement you want.
  • Tax strategies that could help you manage your overall tax situation in your favor.
  • Estate planning to ensure that the distribution of your wealth is allocated how you want upon your death.
Business
  • Business financial planning is a disciplined approach to providing a healthy dental practice that is poised to grow in value.
  • Employee benefit plans including 401(k), health and life insurance, profit sharing and more to look after you and your employees.
  • Professional insurance including group health, business overhead, property and casualty, business owner insurance and group disability.

Expanding Family

Personal milestones are often more exciting than professional, especially when your family is growing thanks to marriage, birth and adoption. The day-to-day caring of your expanding family can be all consuming! Engage Wealth Advisors can work with you to look after your growing family for the long term.
Focus: Expanding Family
Financial Planning Services for Expanding Families
Personal
  • Personal insurance including life, individual health, personal disability, property, casualty, home, and auto.
  • Personal financial planning is a holistic and ongoing plan that helps make smart decisions to maximize tax breaks and to continuously align your goals with your future.
  • Private investing that creates a strategy that matches your risk tolerance, time horizon and goals.
  • Retirement plan that can help you to accumulate the money you’ll need to pursue the retirement you want.
  • Tax strategies that could help you manage your overall tax situation in your favor.
  • Estate planning to ensure that the distribution of your wealth is allocated the way you want upon your death.
Children
  • College plans to ease the future financial burdens of education and leverage potential tax savings.
  • Personal insurance including life and individual health.
  • Trust planning can be a responsible and tax beneficial plan for children and grandchildren.

Ownership Transitioning

Adding an additional owner or partner is common for successful dental practices as they grow or plan for succession. Navigating the legal, tax and financial considerations while planning for the short, medium- and long-term impacts can be overwhelming. The combined expertise at Engage Advisors helps you every step of the way to ensure that this milestone is mutually beneficial. Contact Engage Ownership Transitioning Team

Retirement

Where will my retirement money come from? We don’t want our clients to ask this question in their golden years - we want to ensure that their hard work and planning eases them into a comfortable retirement. This is why Engage Advisors works so closely with our clients to develop a sound approach to retirement. Retirement planning may have started years ago or just began – wherever you are, we can help by taking a holistic view and creating a plan that works for you.
Focus: Retirement
Financial Planning Services for Retirement
Personal
  • Charitable gifting is a rewarding way to give back to what matters to you and often comes with a tax benefit bonus.
  • Estate planning to ensure that the distribution of your wealth is allocated the way you want upon your death.
  • Personal insurance including life, individual health, personal disability, property, casualty, home, and auto.
  • Personal financial planning is a holistic and ongoing plan that helps make smart decisions to maximize tax breaks and to continuously align your goals with your future.
  • Private investing that creates a strategy that matches your risk tolerance, time horizon and goals.
  • Retirement plan that can help you to accumulate the money you’ll need to pursue the retirement you want.
  • Tax strategies that could help you manage your overall tax situation in your favor.
  • Trust planning can be a responsible and tax beneficial plan for children and grandchildren.
Business
  • Business Financial Planning is a disciplined approach to providing a healthy dental practice that is poised to grow in value.
  • Employee Benefit Plans including 401(k), health and life insurance, profit sharing and more to look after you and your employees.
  • Professional Insurance including group health, business overhead, property and casual, business owner insurance and group disability.
  • Succession planning and exit strategies are an important part of preparing for retirement and the team at Engage Advisors can help in all areas.