While many dentists believe that their retirement will be funded by the sale of their dental practice – or shares, if the business is co- owned – the value of the business could change over time. Among the many factors that can affect the value of your dental practice are the economic climate, employee performance and the success or failure of a new venture. That is why it is critical that you avoid investing your entire retirement nest egg in your dental practice and instead, diversify by employing other sources of retirement income.
Retirement planning is a balancing act that requires diligence, foresight and proper planning. For this reason, doing a little research and asking questions can help make a real difference. Learn more about the appropriate retirement plan(s) for you and your dental practice.
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