In this episode of The Art of Dental Finance and Management, Art Wiederman 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.
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