This session will provide insight into wealth-building opportunities and important risk management strategies for today’s oral and maxillofacial surgeon. An overview of investment options will be discussed to include private equity (PE) investing after a practice sale, or investing in PE as an associate dentist, lump sum investing vs. dollar cost averaging, as well as the importance of investment portfolio design to build wealth within the context of a comprehensive financial plan. A summary of qualified and non-qualified investment account types will be provided, with a discussion on tax-efficient investing and alternative investment strategies. A comprehensive hypothetical financial plan will be reviewed to help understand additional considerations that need to be addressed in the planning process to promote success.
Learning Objectives:
At the conclusion of this presentation, participants should be able to:
Define the opportunities and challenges of building wealth from an affluent career in oral and maxillofacial surgery.
Discuss the potential impact that private practice ownership, investing in PE after a practice sale or obtaining an equity stake while employed as an associate may have on wealth-building.
Identify qualified and non-qualified investment accounts available to create wealth.
Describe risk-adjusted portfolio design and the importance of stress testing.
Determine the importance of portfolio design, alternative investment strategies, goal setting and following a well-designed process to reach financial independence.
