Financial Planning and Dentistry

by Dr. Ron Arndt

In this current economic environment, in any econcomic environment for that matter, I believe it is important…no critical to develop or revisit your financial plan

.  When I hear that less than four percent of the dentists in this country can retire at the age of 65 and maintain their current standard of living

, I am saddened.  In my second career in the financial planning and investment management world, I discovered that this is a reality.  Last week Trish and I devoted nearly an entire day with our financial planner, Dana Hastings, CFP,MBA, MS

  to discover how close we are to being on track for our financial certainty.  If you have not taken the time with your spouse to create your economic future of choice I would ask you these questions:  How would it feel to know when you could retire and know that date with certainty?  What are the obstacles to making this path a reality?  How much is enough?  What are your plans for the next three to five to ten years as it relates to your spending needs and wants.  For my clients, should you have any questions about the financial planning process, please take the time to discuss on our next call.  Here is a question to any of my subscribers:

  “what would it feel like to go to work becacuse you chose rather than because you had to?  I’d love to hear your comments in the box below.

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