Accumulating Wealth: Recent Episodes
Cain Watters
Hosts Hunter Satterfield and Judson Crawford are seasoned CPA's, and long time friends. Together they go in depth on financial topics that are pertinent to business owners, including tax planning, investing, personal financial planning and more. Each season focuses on an over-arching topic, and each episode they dive in——helping you make better decisions for yourself and your business every day. Tune in every week on Tuesdays for a new episode.
As Hunter and Judson celebrate their 300th episode, they reflect on the podcast's impact from its humble beginnings to a platform of financial empowerment. Filled with laughter, listener tributes, and memories of the duo's 20+ years of friendship, this episode showcases their 300-episode podcast journey.
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Seasonal slowdowns are inevitable, but preparation can turn these challenges into opportunities for growth. The guys are discussing how to tackle seasonal slow periods in your business, from building cash reserves, tightening overhead and adjusting tax projections. Plus, they emphasize the importance of patient retention and staff costs.
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How does a stock go from $119 to $225 in just four days? With SpaceX's recent IPO shaking up the market, they guys are breaking down what happened and what investors should expect moving forward. Plus, they discuss the factors driving price volatility, what it means for high-quality investment decisions and what to expect from future IPOs.
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Despite fears of AI replacing jobs, some sectors are experiencing significant job growth with the integration of AI. Hunter and Judson dive into the Jevons paradox and explore how technological advancements often lead to job reallocation rather than loss. Tune in as they discuss why AI might not take your job but instead transform your industry.
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Valuations aren't just numbers — they're a reflection of your practice's health. A special guest joins this episode to explore how overhead influences practice valuations and the crucial role of clean financials in this process. Plus, they break down the key valuation differences across different specialties, emphasizing the critical factors that drive these numbers.
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Investing isn't just about the numbers; it's about understanding what's risky versus safe in the current environment. The guys are sharing insights from top investment managers on sectors that may be risky or safe, and what the implications for investors are. Tune in to learn how to assess risk and take steps to safeguard your financial future.
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How well do Judson & Hunter really know each other? The guys are celebrating America's 250th birthday in a unique way! A guest joins to quiz the guys with a series of trivia questions, discussing their favorites movies, sports, memories and more together.
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Demographics aren't just numbers; they're powerful forces driving economic trends. A special guest joins this episode to discuss the influence of aging populations on housing markets and healthcare real estate. Tune in for insights on how these trends could impact both short- and long-term financial growth.
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Financial advice ranks as the second most-searched topic on generative AI platforms. Is AI a sufficient replacement for a financial advisor? Special guests join this episode to showcase a few scenarios where they used AI in their financial decision-making.
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Considering adding a credit card surcharge to your practice? The guys discuss the legalities and business implications of surcharging, S&P 500 profit distribution and the latest inflation updates. Plus, they cover water usage, Nvidia GDP growth and travel etiquette.
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As operating expenses rise, dental practices must keenly understand their financial standing. A guest joins this episode to discuss strategic planning around patient cost consciousness and staff salary trends from the new How Does Your Practice Compare? Report. Tune in to learn how leveraging data based on practice size and specialty can help practices identify growth opportunities.
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SpaceX is set to raise $75 billion in its upcoming IPO, nearly tripling the amount of the largest IPO in history. Hunter and Judson explore why timing may be crucial for SpaceX and other tech giants like OpenAI to go public. From regulatory burdens to the lure of private capital, they unpack the factors influencing today's IPO market, and what it could mean for the average investor.
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Lifestyle creep is the silent wealth thief — don't let it catch you off guard. Hunter and Judson break down a study on financial situations across different income brackets and how living paycheck to paycheck often rises with the more income you make. Tune in to learn about lifestyle creep and how to outsmart it.
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With international markets up 30% despite ongoing global conflicts, it's a pivotal time to evaluate your investment strategies. In episode 287 of the Accumulating Wealth podcast, the guys are continuing their discussion of how geopolitical events are reshaping the bond market and the importance of active management. Tune in for the strategic insights needed for today's financial environment.
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Sector rotation is reshaping the investment landscape, with small cap value seeing an impressive 18% rise over six months, while large cap growth lags. A guest joins to discuss the intricacies of market dynamics, recent shifts in sector rotations, and the significant influence of data-driven technologies. Tune in to learn how market trends might impact your portfolio strategy.
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In an industry where fixed costs can rise unexpectedly, understanding your practice's financial health is crucial. Last year, pediatric dental practices saw an 11% rise in collections, proving the industry's resilience. A guest joins this episode to discuss CWA's new Pediatric Dental Comparison Report, including how changes in pay mix affect profitability and how strategic marketing can boost growth.
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Pediatric Dental Comparison Report
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Navigating divorce isn't just a personal matter — it's a financial and operational turning point. A special guest joins this episode to dive into the complexities of divorce valuations for business owners. From asset division to goodwill analysis and practice valuations, it's crucial to have the right advisor by your side to help navigate the process.
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Tax misinformation can cost you dearly, so how can you stay vigilant? Hunter and Judson dissect the IRS's "Dirty Dozen" tax scams, revealing how scammers operate and how you can protect yourself. From bogus credits to AI-enabled fraud, steer clear of financial pitfalls and safeguard your assets.
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Increasing business profitability involves more than simply reducing expenses. A guest from Solventum joins this episode to discuss "monetary mechanics," a method that gets to the core of practice profitability. Whether your practice is experiencing setbacks in case starts, staffing or technology, monetary mechanics can help you identify and address the key drivers of profitability.
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The new benchmarking report shows orthodontic practice production is up, staff salaries remain steady and marketing dips slightly. But how do you turn data into action? A guest joins this episode to dive into the latest Orthodontic Practice Comparison Report and share insights on overhead trends and the importance of top-line growth.
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Orthodontic Practice Comparison Report
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COVID left a lasting impact on the dental industry, as the surge in patient demand gave way to slowing growth and rising overhead costs. The answer: focusing back on the basics. A guest joins this episode to break down the complexities of maintaining profitability in the face of rising staff costs and inflation in today's landscape.
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With inflation at its highest since 2023, understanding current economic shifts is crucial. A guest joins to evaluate market expectations, interest rates and the geopolitical factors shaping today's financial landscape. Plus, they offer reminders about filing deadlines and extensions this tax season.
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In a world where short videos often oversimplify financial strategies, informed decision-making is as important as ever. The guys are here to critically examine viral social media financial hacks and "quick wins," identify fallacies in influencer narratives, and reinforce the significance of expert-driven strategies for sustainable wealth accumulation.
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Practice growth goes beyond simply getting patients in the door. With a special guest joining this episode, the guys delve into the power of the "all-in" patient. Tune in for more on how aligning your team, culture and patient relations can elevate the success of your practice.
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The intricacies of today's volatile markets can make investing feel more risky than rewarding. A guest joins this special release episode to discuss ongoing geopolitical challenges and their impact on market performance. They offer insights into sector rotations, international market trends, and the importance of maintaining a diversified portfolio.
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In this special episode, Judson and Hunter recap CWA's Annual Meeting in Nashville with a guest. They discuss the networking opportunities of the weekend, fun activities around the city and presentations from keynote speakers. Plus, they look ahead to what's to come for the 2027 meeting.
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In an era of evolving financial strategies, the newly introduced Trump Accounts can help you save more for your children. A special guest joins this episode to explain these accounts, including how they can bridge gaps in retirement savings and be used in tandem with other savings vehicles for your kids.
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Are you turning to social media for financial advice? Special guests join this episode to share their new video series, aimed to provide quick, digestible and trustworthy financial content for all ages. From mortgages to savings vehicles, tax strategies and more, these videos cover it all.
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What's fueling the market's current turbulence? Hunter and Judson explore the implications of the new Fed chair appointment, AI developments and geopolitical risks affecting your investments. Tune in to learn how to maintain your composure and portfolio during volatile market conditions.
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Tax season is coming! Hunter and Judson offer tax tips to start the year right and avoid last-minute scrambling. From maximizing your 401(k) to navigating 1099 requirements, these tips can help optimize returns and prepare for a smooth tax season.
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The annual predictions episode is back, and while the guys can't predict the unpredictable, they offer their best guesses on what 2026 has in store for AI advancements, Fed rate cuts, the S&P 500 and more. Plus, they discuss sports, movies and their word of the year for 2026.
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2025 brought us a rollercoaster market and remarkable asset performances. Where do we go from here? A guest joins this episode to revisit last year's market highlights, like the S&P's robust 18% gain and the tech sector's volatile ride, and look ahead to 2026, where small-caps and AI advances may play a significant role in shaping the markets.
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How do you scale a practice efficiently while maintaining top-notch quality? A doctor joins this episode to share how a focus on education, communication and simple but effective systems elevated his practice to the next level.
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Are you turning to social media as the source of your financial advice? Hunter and Judson evaluate popular "finfluencer" videos and their oversimplification of complex financial topics, including mortgages, tax strategies and loans. The guys offer insights into navigating online advice while maintaining financial literacy and consulting with your financial advisor.
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What were some of the highlights from 2025? Hunter and Judson reflect and share their favorites of 2025, from books to estate planning, emerging market trends and more. Tune in to hear their year-end recap and what they're looking forward to in the markets in 2026.
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What rate cuts and market movements will 2026 hold? With the last Fed cut of 2025 and new employment data released, Hunter and Judson offer insights into potential market implications, discuss the shift to small-cap stocks and delve into anticipated changes from an incoming Fed chair.
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Are you on track with your savings? How much money do you really need? The guys are diving into the necessary amounts for 401(k) savings, life insurance and emergency savings to give you a framework to build your financial plan around.
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How does a tennis star's prowess offer surprising parallels to market behavior? The guys are exploring potential global economic risks for the coming year, including industrial renaissance growth, inflation risks and a burst of the AI bubble. No matter what the year brings, it's crucial that your financial plan fits your risk profile and long-term goals.
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Wondering what's the best way to save for college? The answer may be more than simply compound interest. Hunter and Judson are diving into 529 plans, their advantages over traditional savings methods and how the One Big Beautiful Bill Act is changing these plans.
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It's never too early to start practicing sound financial habits, even if you're still using a piggy bank to store your allowance made entirely of coins. Author Clint Greenleaf joins this episode to share his approach to teaching financial literacy to young minds through his published book and community outreach.
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The U.S. Mint has nixed the penny, but you can still save more of yours in with the IRS increased savings contribution limits for 401(k)s, IRAs and more. The guys are here to review these new 2026 limits and discuss emerging mortgage trends, like the 50-year mortgage and portable mortgages, and the implications of the penny's end.
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Is now the right time to start on that construction project, given the recent rate cuts? The guys dive into the current lending environment with guests from Live Oak Bank, discussing how SBA loans can be the gateway to expanding your business in today's market. Plus, learn how SBA loans can provide benefits where traditional loans may fall short.
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The Fed announced a 25-basis-point cut, the second of the year. Where does that leave mortgage refinancing and the likelihood of another cut before year-end? Two guests join this episode to discuss how to take advantage of lower refinancing rates to add flexibility to your spending and what the next few months may hold. Plus, the guys have an exciting announcement to share.
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Planning for retirement doesn't solely rely on the amount of money saved. Safe withdrawal rates and asset classes play a significant role in making your funds last in retirement. A guest joins this episode to discuss calculating your unique safe withdrawal rate and the importance of asset diversification in post-retirement planning.
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As year-end approaches, the key to successful tax planning is understanding your financial landscape and taking advantage of the opportunities available. A guest joins this episode to review deferral amounts, utilizing the Augusta Rule, strategic timing of equipment purchases and more. Plus, they review the new tax law changes that impact tax planning into next year.
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Ready to boost your tax savings in 2026? Unpack the hot-off-the-press 2026 IRS tax updates, spotlighting new inflation-adjusted standard deductions and tax bracket thresholds to sharpen your planning strategy. Hunter and Judson also take it back to the basics to decode the 1:1, 2:1, and 3:1 savings-to-earnings ratios to show how starting early can supercharge your retirement goals.
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Should your tax saving strategies stay the same with the new tax law changes? The guys are going back to the basics with the five savings environments, diving into where the best places to put your money are, depending on your unique plan. Tax diversification is crucial to your financial plan, so when the unexpected happens, your financial planner can adjust accordingly to maximize your savings.
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Debt isn’t always bad. With the latest Fed cut, it’s tempting to refinance your loans, but is now the right time? The guys are going back to the basics on debt, diving into different loan types, from consolidation to building to home loans and how these different loans should be uniquely refinanced. Plus, they are ranking their favorite ice creams to determine which one reigns supreme.
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The Fed announced the first rate cut of the year, and the guys are analyzing its potential impacts on markets, mortgage rates, and consumer spending. A guest joins this episode to discuss how labor market data, inflation and GDP may influence future cuts, and what the rest of the year may hold for consumers and investors.
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Estate planning isn’t exclusively for the ultra-wealthy or those with family heirlooms. For anyone wanting to prepare for their loved ones after they’re gone, estate planning is a crucial part of a financial plan. A guest joins this episode to discuss the importance of estate planning, the necessary documents and when to start your planning.
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An effective hygiene team can make the difference in your practice’s profitability and patient relationships. With a busy doctor’s schedule, how can you invest in your hygiene team to create a more productive practice overall? Rachel Wall from Inspired Hygiene joins this episode to discuss hygiene staffing, salary and services.
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Now that several tax-saving opportunities are permanent through the One Big Beautiful Bill, the potential for strategic, proactive planning is greater than ever. The guys walk through the top tax tips, covering QBI, bonus depreciation and more. Plus, college football is back, and the guys are making their predictions for the season.
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As energy demands for AI and data centers skyrocket, the markets are responding accordingly. With many sectors up, what’s the likelihood of a cut in the next Fed meeting? A guest joins this episode for the latest on technology investment, market performance and the latest consumer behavior trends.
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The One Big Beautiful Bill introduced changes to student loans, eliminating the PAYE and SAVE plans in favor of new loan payment plans. A guest joins this episode to review the changes, who qualifies for the new plans and how to balance debt repayment with your other financial goals.
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Are things looking up in the economy after a rough few months? GDP is up and stocks are reporting positively, but just because the economy appears to be strong, it’s impossible to know where the stock market will go from here. The guys discuss Trump accounts, child financial literacy, mortgage fraud schemes and the risks of buy now, pay later loans.
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The new One Big Beautiful Bill Act introduced new tax changes, creating significant tax-saving opportunities in both business and personal deductions. The new bill permanently extends many rules of the Tax Cuts and Jobs Act and makes changes to qualified business income deductions, estate exemptions, state and local tax deductions, and more. A guest joins this episode to summarize key points of the bill and examine which rules take effect in 2025.
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CWA Blog: The One Big Beautiful Bill Act
The One Big Beautiful Bill Act
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Finding the right CE course that suits your career stage not only fosters your personal and professional growth but also enhances your practice, patient relations and staff engagement. A guest joins this episode to share how committing to investing in yourself at every stage of your career opens opportunities for networking, new technology and crucial professional development.
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Regret avoidance, loss aversion and cost can all be barriers to making a change in your financial plan. Without change, though, your plan stays stagnant and doesn’t take full advantage of all the opportunities available. Is a status quo bias hindering your financial plan? A guest joins this episode of the bias summer series to discuss status quo bias and how to mitigate it.
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Instant gratification and decision fatigue lead to choices that are easy and provide immediate benefits, without considering the implications for future gains. A guest joins this episode to examine present bias and how focusing on today can impact your tomorrow, both in your personal and financial life.
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Overconfident investors trade 25% more frequently than their peers, costing them 4% in annual returns. This episode explores the overconfidence bias, discussing how it leads to risky decisions such as under-diversifying investments or disregarding expert advice, and its adverse long-term effects on financial plans. CPA Angie Svitak joins this episode to explore how this bias impacts investment decisions and how to tame overconfidence.
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To celebrate Fourth of July, a special guest host returns to take the guys through some iconic all-American childhood snacks with a blind taste test game. Who cares if the foods are heavily processed – this is ‘Murica, right?
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Biases can cause a disordered perception of reality, so how can you become aware of unconscious biases that may be affecting your financial, investment and even personal decisions? The guys bring a guest on to discuss confirmation biases, how they influence decision-making, and ways to prevent them from taking control of your finances.
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Beyond salary considerations, what does adding an associate doctor to your practice actually cost? A guest joins this episode to break down fixed and direct costs, staff and infrastructure estimates when bringing on an associate. Whether you’re looking to grow production or make a transition, these factors are crucial in budgeting a new investment in the practice.
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How Does Your Dental Practice Compare? Report
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Unless they are pursuing a finance degree, many students aren’t taught the basics of how money grows and how to manage this growth effectively. Joined by two attendees of the 3to1 Foundation’s Accumulating Wealth Seminar, the guys dive into the most important topics for students to learn when starting their financial journey and how to further educate themselves to make the most of their biggest asset — time.
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3to1 Accumulating Wealth Seminar
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Ever wonder how your practice’s collections, expenses and profitability compare to other like-sized practices of the same specialty? Two guests join to explore CWA’s new How Does Your Dental Practice Compare? Report, and discuss what trends emerged last year, how to use the data as a guide to reevaluate your practice’s costs and actionable changes to make going forward this year.
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How Does Your Dental Practice Compare? Report
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Is the best financial advisor the one with the most letters behind their name or the most years under their belt? Picking the right advisor requires consideration of their trustworthiness, expertise and ability to tailor a financial plan to your unique needs. The guys offer guidance on navigating the search for an advisor that fits your financial plan.
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When it comes time to purchase your next car, should you lease, buy or finance it? It depends on how long you intend to own the vehicle, what works best for your finances, and whether you can write it off as a business deduction. Hunter and Judson walk through the best ways to navigate auto payments and what fits your financial plan.
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In the last five years, IHOP has experienced 82% inflation. But where do international stocks and housing markets across the country stand? The guys are diving into the recent Fed meeting, stagflation outlook and the emotional nature of the markets.
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The new Pediatric Practice Comparison Report is now available, with crucial insights on production, marketing, new patient acquisition and staff salaries. The guys dive into what the data means for the rest of the year and how market uncertainty may play a role in pediatric practice trends.
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Effective money management goes beyond the numbers. Factors like risk, luck and abundance influence people’s perception of money and, in turn, their financial decisions. Two guests join this episode to discuss highlights of The Psychology of Money by Morgan Housel and how understanding the money mindset can propel your financial plan.
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Is there a step-by-step plan to recession-proof your savings? The guys dive into the best investment strategies to focus on as the market indicates a possible recession, including tax-loss harvesting, international stocks and Roth IRAs. But one tip stands above the rest: stay the course.
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Last week, a startling market drop was followed by a sudden surge. What led us to get to this point, and how will the global trade system impact the market moving forward? The guys discuss the latest on market whiplash and what the newest CPI numbers are telling us.
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The new Orthodontic Comparison Report is here, with more extensive insights and metrics than ever before. The guys are reviewing the major takeaways, from payment term trends, a surge in marketing efforts and increasing staff wages. But where does your practice stand? Do your yearly goals need adjusting?
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Last week, the markets saw a huge dip due to the announcement of the most sweeping tariff hikes since 1930. With most indexes down and uncertainty ruling the stock market, where does that leave your investments? A guest joins the guys to discuss why the market reacted the way it did, recession signs to look out for and next steps for your portfolio.
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Monthly Investment Report
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In the second part of the practice profitability formula series, the guys dive into the second half of the equation: collections and overhead. From managing accounts receivable to making fee adjustments and reducing spending, the collections and overhead portion of the equation can make a significant impact on your practice’s profitability.
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Practice Profitability Formula
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Focusing solely on one area of your business won’t significantly increase practice profitability. Instead, making gradual improvements to all areas of the dental practice will make the biggest impact in boosting profitability. A guest joins this episode to break down the components of the profitability formula and the areas to prioritize to start seeing growth.
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Practice Profitability Formula
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This year already seems to be presenting a new theme for itself: tariffs. The economy is responding to this uncertainty with swinging stocks, even for the S&P 500, NVIDIA and small caps. In addition to discussing the effects that long- and short-term tariffs can have, the guys dive into the latest on women-led investing, recent crypto trends and long and short betting.
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Between corresponding keynote speakers, ever-evolving breakout sessions and insightful panel discussions, this year’s Annual Meeting was one for the books. A special guest joins this episode to recap main discussion topics.
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34th CWA Annual Meeting
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Some may perceive AI as a tool that undermines the quality of human interaction. But what if AI can help streamline more effective relationships with patients? In their yearly tradition of live recording an episode at the CWA Annual Meeting, Hunter and Judson invite a guest to discuss the future of AI in dentistry to develop meaningful patient interactions.
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Curve Dental
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Tariffs are a hot topic in local and global politics right now. Though tariffs are inflationary, the guys discuss how the long-term outcome of encouraging American manufacturing may outweigh the side effects of the short-term transition period.
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New practice construction can be a costly asset to add to your financial plan. Is it the right move though? The guys cover a topic smorgasbord this week, from ground-up construction costs, capital market expectations, what the latest CPI report means and more.
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What’s the DSO market look like? Is now the right time to sell, or is there something worth holding off for? Though there is no way to predict the future market, past performance can help explain the current trends. The guys are joined by two special guests to dive into timing a DSO or private equity sale and when is the right time to transition your practice.
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7 Pillars
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DeepSeek has made a big splash, bringing a shift to the technology of AI and impacting the tech section of the S&P 500. The Fed is taking a pause, responding to the state of inflation and preparing for the impact of new tariffs. The guys dive into this and more in another episode of topic smattering.
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With a new president in office, what does the future hold for infrastructure spending, inflationary policies and data centers? A guest joins the guys to discern how potential policies and technological developments may impact the broader market.
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Though it’s impossible to accurately predict everything that will happen in the market in the coming year, Hunter and Judson don’t shy away from the challenge as they take a stab at their 2025 predictions. From Fed rates to AI and, of course, Super Bowl picks, who do you agree with in this year’s lineup?
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Between football, market performance and Fed cuts, last year provided some expected and unexpected happenings. The guys are revisiting the predictions they made for what would happen in 2024 and how they held up against what the year brought.
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The new year is a perfect time to get a head start on your estate plan. Depending on the size of your estate, strategies and tax planning will look a little different. A guest joins the guys to discuss the importance of establishing an estate plan, a list of documents to include and when your current estate plan may need updating.
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The new year brings spikes in gym memberships and travel plans, but what about financial resolutions? The guys help you set your financial goals for the new year, from updating estate plans, adding new saving strategies, credit monitoring and more.
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In this special holiday episode, the guys are going through their wish list for the economy in 2025. Hoping Sanra will bring them tax reform, easing of long-term rates and wholesale insurance reform, they also discuss how the new administration may bring changes for the upcoming year.
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Getting financially organized can feel overwhelming when done at the last minute, so preparing ahead of time for the upcoming year is crucial. Not only will setting a cadence of payments and document submissions help your advisor, but it will also help you make the most out of your financial plan.
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Student loan debt can be daunting, as it stays with you for years post-graduation and there are several philosophies on how to work payments into your financial plan. The guys are joined by a special guest to discuss PAYE versus SAVE payment plans, average rates and considerations of refinancing your loans.
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The holiday season is here, bringing a time of joy and giving, but for some, it’s a budgeting nightmare. With seemingly endless gifts to buy, setting boundaries around how much you’re spending can be a difficult task. The guys offer tips on setting a holiday budget and sticking to it.
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The IRS released the new tax-advantaged contribution limits for next year, and the guys walk through the numbers for 401(k), IRAs, capital gain rates and more. Though the revised contribution limits aren’t as significant as hoped, they will still provide the opportunity to save more.
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Many market sectors continued to be up since the election, but oil was down 5%. With the new administration, what is the future of energy, including oil and renewables? The guys revisit their post-election analysis, diving into the potential future of energy production, crypto trends and merger and acquisition regulations.
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Election night brought a generational day in the market, with the S&P 500, mid- and small-caps and the Russell 2000 Index all up. Why were these surges so drastic and will these surges last with the new presidency? The guys dive into what the election results mean big picture for the economy in four significant policy categories: tariffs, taxes, immigration and infrastructure.
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It’s Election Day, and the guys share why it’s crucial to avoid attempting to time the market during this transitional period. They also discuss which states face the heaviest taxpayer burden, how the tenure treasury bond yield impacts mortgage rates and how to be cautious of letting emotions dictate your investments.
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There’s a significant difference in the way men and women make financial decisions and feel towards their investments. A special guest joins the guys to share research on gender differences in financial planning and why it’s so important to intentionally spread financial literacy.
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In many states, a large portion of energy consumption is dedicated to data processing centers, fueling the way for technological development. In addition to talking about national energy distribution, the guys discuss near-shoring possibilities, the influence of fiscal policy against fixed rate payments, and possible solutions to Social Security funding.
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If Social Security continues its path of smaller COLA increases and higher wage bases each year, where does that leave the future of the program? This week, the guys are smattering on a few different topics, from social security increases and active participation in pension plans to state-mandated qualified retirement plans.
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The U.S. national debt continues to grow by the trillions, but can we articulate what that means? And while our portfolios still seem intact, does the U.S. debt really even matter? Managing Director of Tectonic Advisors Brad Sanders joins the guys to review the U.S. debt report card and discuss how we got to this point, the causes and effects of unipolarity, and even offers a fresh perspective on the current situation.
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To celebrate their 200th episode, the guys explore some of the most outlandish tax deduction cases. And since those likely won't pass muster, they share their own approved end-of-year tax tips. From retirement contributions to business expenses and pass-through entity taxes, make sure your tax planning strategy is ready for the year-end. Plus, the Fed cut rates and the guys cover what this may mean in the coming months.
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Have associate doctors' salaries grown over the last few years? Are dentists nationwide getting the medical benefits and PTO they desire? The guys are diving into Dental Post’s 2024 Dental Industry Salary Report and seeing where the salaries of nationwide dental offices have changed and where they’re going.
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It’s never too late (or too early) to strengthen your financial knowledge and apply it to your life. Whether you’re headed off to college, paying for your children’s college, or still recovering from college debt, the 3to1 Foundation helps audiences of all ages learn more about saving, goal setting, budgeting, investing and debt management. A special guest joins this episode to share their work through 3to1 and how you can share the gift of education to your community and loved ones.
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What might a rate hike mean for U.S. debt? How will the election and a rate cut affect market stability? The guys discuss the upcoming sunset of the Tax Cuts and Jobs Act, if it’s wise to try to avoid peril in the market by pulling your investments and how the irrational behavior of some markets doesn't always reflect what’s going on in the broader economy.
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With the U.S. debt at an all-time high and tax rate increases seemingly being the only solution, how can you proactively design your portfolio? Hunter and Judson discuss making financial plans with tax rate changes in mind, distribution planning and where to put your savings. Plus, they give their college football predictions for their alma maters and which teams will end up in the playoffs this season.
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Rates are being closely monitored as markets await a cut from the Fed, the FTC non-compete rule is on hold and banking rates seem to be changing. With all that’s going on in the economic news right now, where does it leave the economy for the rest of the year? Hunter and Judson catch up on the latest market news.
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In an environment where interest rates are higher than they’ve been, the private debt asset class has grown as an investment prepared to capitalize on growing yield. A guest from Apollo Global Management joins the guys to explain private debt funds, the loans that back them, and the flexibility and opportunity they can bring to investors.
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It’s widely advised to start saving at the beginning of your career, but where exactly do you invest and budget your money? The guys are back in this two-part series to answer some of the CWA interns’ questions, from credit to mortgage payment planning to AI’s role in market strategy.
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When it comes to the game of life, we all got started somewhere, but it came with many questions around money, debt, and success. The CWA interns are asking some hard-hitting questions for Hunter and Judson in this game show-inspired episode. Tune in and you might just be refreshed with some tips!
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Market chaos has been the theme over the last few weeks, driven by a dip in the Consumer Price Index (CPI), and a likely rate cut coming in September. Also notable is the new focus on small-cap investments. But with the high levels of debt associated with these stocks, is the diversification and increased profitability of small-cap companies worth rearranging your portfolio? Hunter and Judson discuss the latest CPI numbers, a possible broader rotation in the market and the outlook on interest rates.
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BLS June CPI Release
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Running a successful business involves more than offering services or producing results. Customer service plays a crucial role in fostering a welcoming, positive experience for your clients or patients. Hunter and Judson are joined by a seasoned customer experience connoisseur to discuss the importance of a people-centered workplace culture.
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The housing market is stuck, the Fed hasn’t released a rate cut and stocks may not continue their current rally. On the upside, construction employment growth is up, and the Fed seems to be on the right track against inflation. Hunter and Judson dive into recent economic data, what it means for the rest of the year, and question if being in the middle of it really is as bad as it seems.
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What makes a good mentor or mentee? Is it more important to show the mentee the ropes or sit back and let them take the reins? Two guests join this episode to share their mentor-mentee relationship, what they learned through the process and the importance of having someone walk by your side as you step into a new role for the first time.
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Happy Fourth of July! A special guest steps in to host this episode, while Hunter and Judson face off in some America-themed Jeopardy. Who will come out on top, what patriotic hats are they donning and who will win in a hot dog eating contest?
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If you have an investment advisor or are considering getting one, you might wonder what the fees that go along with it are actually for. Do you pay via a percentage of your investments or write a check? A guest joins Hunter and Judson to dissect both fund level and advisory fees and the factors that could add significant value to your returns.
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It's halfway through 2024, and a lot has happened since Hunter and Judson made their yearly predictions back in January. This episode, the guys check in on how well their predictions are holding up, from the performance of the Magnificent 7 to Bitcoin and interest rates, plus how they think the rest of the year might line up with their initial forecasts.
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Rising interest rates have lowered bond prices, leaving dividend stocks as an investment strategy some investors are turning to as a source of income. Two guests join the guys to discuss yield strategies and making your investments last.
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Knowing how your practice’s averages compare against similar ones can offer invaluable insight into the areas of your practice that could use improvement. The guys are joined by a guest to dive into the new How Does Your Practice Compare? Report, from how the data is gathered, what it all means and how you can use it to propel your numbers this year.
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When the time is right, selling your business is one of the best ways to contribute to building your wealth. But with so many different avenues for selling your practice, how do you know what way will work best for you? Hunter and Judson dive into the three main ways to sell your practice: walkaway sales, traditional partnerships and DSOs.
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In the last year, more than 500 new ETFs were launched. But not all of them were well-strategized, fee-reducing funds. A guest joins this episode to talk through some of the worst and best ETFs of last year, the updated HSA contribution limits for this year, and the latest news on CPI rates.
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Morning Star Article: The Best and Worst New ETFs of 2023
Apollo Article: Fed Hikes Having a Smaller Negative Effect on the Economy
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The patient experience isn’t limited to the services they receive. Instead, it encompasses the start-to-finish process of interacting with the dental staff, being valued as a person and building trust with the doctor. Dr. Michael Sonick joins the guys to share his experience treating people, not patients, and how emphasizing hospitality in your practice can help you better serve your patients.
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Pediatric practice profitability stalled last year, leaving many doctors wondering, “Where do I go from here?” The new Pediatric Comparison Report is here, and the guys are diving into the numbers to give insight into optimizing your practice. With the help of a special guest, they dig into production per provider, where average overhead stands, and why marketing is more important than ever.
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Unlike actual fishing, tax phishing schemes can be devastating for the taxpayer that falls for a scammer’s bait. The IRS released the Dirty Dozen list for this year, warning on everything from tax advice from social media, fake charities and tempting tax deductions. The guys discuss the too-good-to-be-true tax offers to be on the lookout for.
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There’s nothing more frustrating than paying more in taxes than planned. It makes you wonder where your tax projection went south. The guys discuss tax planning in this episode and why it's crucial that your CPA is aware of your significant business changes when planning for 2024, from collections to large purchases to staffing changes.
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When you think of victims of identity theft, a 7-year-old is probably not the first person that comes to mind. But younger audiences are becoming major targets for social security traps, credit card scams and fraudulent digital offers. A special guest joins the episode to discuss the severity of identity theft of kids, preventative measures to take, and what to do if a scam arrives in the mail. They also give updates on CPI, fixed income and inflation on some of your favorite sweet treats.
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The talk about annuities is on the rise, and from the surface, look to be a good option for income in retirement. Is it too good to be true, and if so, what’s the catch? A special guest joins the guys to dive into what exactly annuities are, some of the risks they bring and if an annuity is right for you.
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The guys dive into the insights in the latest Orthodontic Practice Comparison Report, covering everything from staff salaries to rising fees, down payments, marketing and more. How resilient has the Orthodontic space been to recession, and how can you use these numbers to optimize your practice? The guys are here to give meaning to your metrics with the help of a special guest.
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Orthodontic Practice Comparison Report
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Becoming a first-time practice owner involves a lot of nitty-gritty due diligence, but what happens after the sale is closed? Cultivating a successful business post-close brings even more big-ticket items to consider, from managing debt to office upgrades. The guys bring on a special guest to share his story of buying a practice, turning it into a thriving business and the invaluable lessons he learned along the way.
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Fulton Dental Center
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Where does economic volatility and high interest ratesleave the standard rate of return for traditional retirement plan projections? Hunter and Judson dive into how market performance leading up to retirement can play a role in your portfolio’s returns and how your financial plan may need revising after retirement. Plus, they discuss what portfolio factors you can or can’t rely on and how taxes and investment fees can weigh you down.
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Do you ever wonder if fellow business owners are grappling with the same concerns as you? Well, here's your chance to get your questions answered. The guys dive into the main discussion points of this year’s Annual Meeting attendees, from rates to the election year to the lack of market breadth and more. Plus, they recap what topics are trending among dentists right now and how to navigate the uncertainty many face.
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Is it possible to manage a profitable business while still answering your philanthropic calling to impact the world? The guys bring on CWA founder Darrell Cain and Dr. Ryan Shinska of Hope Smiles to share their experiences with using their skillsets to give back to their communities and make a difference in the lives of those around them. This episode was recorded live at the 32nd Annual Meeting with business owners in attendance.
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Bets were on earlier this year. The odds of a rate cut in March were 77%. Odds are now down to 9%, if that. Who does this penalize most? Small business owners who now must adjust to floating-rate interest loans. With no definitive timeline for future rate cuts, what should we be looking out for from the Fed?
The guys dive into how the Fed is trying to lower rates without spiking inflation or deflation and the outlook for rates this year.
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If you purchased several new assets for your business, why wouldn’t you go ahead and write off everything? Are there advantages in writing some assets off now and some later? Hunter and Judson discuss timing debt with depreciation and explain how a strategic approach to tax write-offs is crucial for long-term financial growth.
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When we widen our lens, a lot is going on in the world outside of the U.S. Who is at war with whom, and what does the future of global currencies look like? What high-stakes elections are happening this year and what will the future of technology mean for supply and demand? Dr. Vikram Mansharamani, global economist and author, joins Hunter and Judson to discuss all of these topics and more.
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One Second After by William Forstchen
Dr. Mansharamani’s Website
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A targeted high-yield investment opportunity may mean immediate returns, but is that what’s best for you right now? Sorting through income repair, retirement portfolios and growth companies is a lot to keep track of, but the guys are here to shed some light on yield versus growth.
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Spot Bitcoin ETFs attracted almost $2 billion in the first three days of trading. But will the flow stay steady for the notoriously volatile Bitcoin?
Hunter and Judson dive into how the new spot Bitcoin ETFs are performing so far, what risk it may bring, and the historical performances of stocks and bonds.
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iShares Bitcoin ETF Fact Sheet and Comparison Chart
Of Dollars and Date Calculators
Wealth of Common Sense Historical Returns for Stocks, Bonds & Cash
A few weeks into the new year, and the guys already have a list of a few items you need to take care of early. From a new form that must be completed to Employee Retention Credit (ERC) changes to one important reminder, Judson and Hunter want to keep you ahead of the market curve.
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While we don’t have a crystal ball, it’s safe to say that 2024 promises to be an unpredictable year in both the market and the economy. In this new episode, Hunter and Judson make their 2024 predictions in all areas, ranging from stocks, interest rate cuts, mortgage rates, the Super Bowl, and so much more. Tune in to see how your predictions compare!
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We’re all wired to have our own belief system; that makes us human. Where we run into trouble is when we use cognitive biases to make important investment decisions. The complexity of the markets, our nonstop access to data, and even the company we keep make it nearly impossible not to form our own ideas. Guest Tom Sanders is in the studio to review three common cognitive biases investors may experience in different phases of life.
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Twitter was changed to X, ChatGPT is a household name, the aggregate bond index is up and high-yield savings accounts remained steady. The guys look back at their 2023 predictions, see what measured up, and what might roll over into the new year. Plus, they share some of their takeaways from last year and why having a diversified portfolio early is so important.
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Over the last 25 years, what percentage of time would you say real estate produced at least a 5% return? Well, the answer might surprise you. The guys wrap up the two-part real estate investment series with another visit from Mark Roberts from Crow Holdings. They cover how investors' access to this market has changed over time and the segments that investors are now moving away from.
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With many public real estate funds housed in the S&P 500, you may be investing in real estate without even knowing it. As the third largest asset class, 45% of American households invest in real estate. That may seem too vast to be true, but a guest joins the guys to explain investing in Real Estate Investment Trusts (REITs), public versus private markets and ways to earn income from real estate.
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What started as a flat 3-percent tax on all income has evolved into 2,651 pages and 1 million words of tax code. When it comes to understanding the U.S. tax code, well, it’s complicated. How did we get here, and why do you care? With the help of a special guest, the guys are here to wrap up the history series and offer a little transparency into it all.
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With the ability to invest at your fingertips, it’s hard to imagine a time when investments were locked behind lock and key. A new guest joins the guys to discuss the history of investment vehicles and the evolution of custom indexing. Throughout it all, does the influence of human bias remain? Tune in for the guys' take on it.
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One gift you can count on receiving this year is the ability to save more money in 2024. The IRS announced an increase in the contribution limits for 2024 in a few different categories. But just how much are the increases? The guys are here to catch you up.
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Almost 40,000 bank branches, 4,000 community banks, and 134 regional banks all in the United States. Why are there so many banks? Well, the guys bring on a special guest to take it back to when banking was born; ancient empires needed a financial system to facilitate trade, distribute wealth, and collect taxes. They also account for how the banking system's evolution has contributed to where we are today.
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In this new four-part series, the guys take you back in time and discuss the history of the financial systems in the U.S. First up, the Federal Reserve (Fed). Before the Fed, the nation was plagued with financial crises, leading to panic among citizens, and the race to withdraw money from the banks began. Today, the Fed's broader responsibilities have changed and continue to impact us all. Tune in.
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Could alternative investments be a way to hedge off inflation in your portfolio? What opportunities are in this market, and what drives their returns? In this week's episode, the guys answer your questions and shed light on the stability of it all during changing economic environments.
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Your investment portfolio is likely comprised of stocks and bonds, but what role could alternative investments play in your plan? In this week's episode, the guys define alternative investments and why they have gained more popularity in recent years. Before you get pulled into too good-to-be-true opportunities, the guys help walk through basic due diligence for you.
If you register for the CWA Annual Meeting during the month of October using promo code WEALTH, you’ll receive $100 off the registration price. This offer is only valid during the month of October. Register today at https://bit.ly/3ZUfIjD.
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American’s median net worth jumped 37% over the last few years, but does this mean they can keep up with rising home values and mortgage rates not seen since the early 2000s? In this week’s episode, the guys cover the who, what, and why of the increase in our net worth and offer real advice for those who might be waiting for interest rates and home prices to come back down to earth.
If you register for the CWA Annual Meeting during the month of October using promo code WEALTH, you’ll receive $100 off the registration price. This offer is only valid during the month of October. Register today at https://bit.ly/3ZUfIjD.
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Mortgage Rates Touch 8% for the First Time Since 2000
Americans’ Net Worth Surged by Most in Decades During Pandemic
Social Security Wage Base, COLA Set for 2024
Projected Tax Gap Jumps to $688 Billion for Tax Year 2021
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1099-A, 1099-B, 1099-C. It seems there is a 1099 Form for every letter of the alphabet, and it’s time to take the hassle out of it all. Being a business owner means you likely have questions on the various 1099s needed not only for your business and staff but also for your vendors. The guys sort the forms you likely need to keep your business on track.
If you register for the CWA Annual Meeting during the month of October using promo code WEALTH, you’ll receive $100 off the registration price. This offer is only valid during the month of October. Register today at https://bit.ly/3ZUfIjD.
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CWA Investment Update
$10,000 Bill
Year-End Tax Planning Considerations for 2023
Brookings a New Contract with the Middle Class
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Unlike poker, you don’t have to be all in or nothing when deciding if converting a traditional IRA to a Roth IRA is in the cards for you. The most important thing to do is weigh the tax implications, and the guys are ready to lay it all on the table. And while on the topic of Roth, the new 529 Plan distribution rule allows unused 529 Plans to be transferred to a beneficiary's retirement account without taxes or penalties. But what are the caveats? Find out in this week’s episode.
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Saving for College with a UGMA Account Versus a 529 Plan
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The Fed is always deemed ‘hawkish,’ but when was the last time you heard the Fed acting ‘dovish?’ The recent Fed meeting kept rates as-is, but they continue to walk a narrow path of doing too much or too little, leaving the economy and its players anxiously awaiting the next move. The guys elaborate on what this means for accounts payable and spending. They also discuss shopping for homeowner insurance and the average total assets by household.
If you register for the CWA Annual Meeting during the month of October using promo code WEALTH, you’ll receive $100 off the registration price. This offer is only valid during the month of October. Register today at cainwatters.com/annual-meeting.
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IRS Shuts Door on New Pandemic Tax Credit Claims Until at Least 2024
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Today’s interest rate environment looks to be here to stay. With home affordability emerging as a significant issue for many Americans, many consumers are putting their plans of buying, selling, or upgrading a house on the back burner. The guys are here to quantify this impact and give you real-world scenarios to help you decide what’s best for your situation.
If you register for the CWA Annual Meeting during the month of October using promo code WEALTH, you’ll receive $100 off registration price. This offer is only valid during the month of October.
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Why Are Mortgage Rates So High?
Bloomberg 2024 Projected U.S. Tax Rates
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If you extended your tax return, this means the October 16 deadline is approaching, and the questions from clients are flooding in. And while a tax extension allows for extra time to gather and file paperwork, it’s not an extension of time to pay.
You might also be wondering what you can and cannot deduct, the chances of an audit, updated tax laws, and more. Here's your chance to listen to the guys answer the most common tax questions they get right around this time of year.
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IRS Pauses New ERC Claims
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Some say history repeats, but is that what the Fed is doing? In this episode, we walk down memory lane into the 70s when the Fed eased up on interest rates too quickly, how that wreaked havoc on the economy, and what the lessons learned were. And while NVIDIA has made headlines, special guest Brad Sanders joins Hunter to review why technology stocks soared this year, which is not what we’ve seen historically in volatile markets.
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This week, things sound a little different! Host Hunter Satterfield was recently featured on NDP's Transition Talk, where he discussed data trends and offered solutions to dental owner's top concerns. He gets into the nitty gritty of acknowledging dentists' issues, yet how to look at inflation as an opportunity for your top line.
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How Does Your Practice Compare? Report
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Dentists in Memphis, this one's for you! Not really. In this episode, the guys compare how wealth stacks up depending on your state and where you might want to move to get the most bang for your buck long-term. And speaking of long-term, they discuss the average rate of return for a Vanguard 401(k) balance compared to the S&P 500 over the years.
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Bloomberg Are You Rich?
Vanguard Institutional How America Saves Report 2023
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Americans have shown resilience these last few years. Despite record-high inflation and a rocky economic climate, the How America Saves Report 2023 reveals that people have navigated the landscape better than expected. Over 25% of Americans contributed more than 10% of their income to their retirement savings. But what's the median savings rate? The guys dive into this number and detail other record highs in Americans' savings, so sit back and listen because you might be in for a surprise.
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Vanguard Institutional How America Saves Report 2023
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Tapping into your full hygiene potential could make all the difference on your bottom line. In fact, a practice with a couple of full-time hygienists could see upwards of 33-35% production from hygiene alone. Bringing 20+ years of hygiene and practice administrator experience to the show, CEO & Founder of Inspired Hygiene Rachel Wall details how her team helps dental practices get the entire team on the same page to elevate the hygiene department, its services, systems, and ultimately profitability.
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Sometimes, insurance can seem like more trouble than it's worth. Is there a breaking point where dentists need to stop trying to negotiate and just move on? And where do you even begin? Closing out this series on insurance, the guys sit down with Dr. John Carson, who shares his experience with dropping an insurance plan that 50% of his patient base was on.
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To negotiate or not to negotiate. There are many what-ifs to consider when negotiating insurance plans, from breaking the news to your patients to protecting your fees. That’s why we brought in Ben Tuinei, who makes it his everyday mission to help dentists negotiate better payment terms for insurance plans so that insurance isn’t driving daily decisions for your practice.
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When it comes to what insurance your dental practice accepts, this is often a massive decision that must consider the demographics of patients in your area. The plans you accept can either help attract new patients or cost you others. Not to mention, most doctors avoid looking at insurance's impact on the practice, so this week, the guys break down the criteria on what practice owners should examine in terms of reimbursements and the insurance offerings of your practice.
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You've heard time and time again that the Secure Act 2.0 brought major reform to longstanding retirement planning, and with the help of a special guest, the guys will tie a bow on this miniseries. This week, they're also discussing a valuable vehicle for college savings, new challenges with estate planning, and the new required minimum distribution age extension and penalties.
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Would you like ketchup with that? The Secure Act 2.0 pours on the opportunities to increase Americans' financial readiness for retirement, and with that comes higher catch-up contributions indexed for inflation. For high-income earners, even bigger changes with a new “rothification" rule. Adding to the list, SIMPLE and SEP IRAs have new Roth options available, and the guys are here to clarify it all. Lastly, have you heard of lost 401(k) accounts? The guys are here to hunt them down with you in the latest episode.
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If someone mentioned that the Setting Every Community Up for Retirement Enhancement (SECURE) Act could help your business, it might sound like just another ridiculous sales pitch. However, this piece of legislation is here to stay. With the help of a special guest, the guys discuss how its provisions aren't just for individuals seeking to boost their nest eggs and actually contain many changes for business owners. Tune into the episode to learn how the provisions are designed to increase savings, lower employers' cost of offering and funding, and, most importantly, the dates on any action items.
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For the guys, Beyonce, Fed rate hikes, tax refunds, and college savings are all on the list of topics this week. When it comes to saving for tomorrow and the next 25 years, it can be tricky to know which account deserves your undivided attention. The guys dish on which accounts need a little extra love to fuel the future you’ve dreamed of. And when it comes to the tax refund you’re waiting to get back, the guys discuss the steps you can take to make that extra money work for you.
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Shopping for a house in today’s high-interest environment seems like a competitive sport, and you’re not alone. Many housing factors are sounding the alarm, but the guy’s thoughts on whether to buy now may surprise you. To close out the episode, they also expand on employees working out of state and whether IndexGPT, the A.I. stock picker, could be the next trend or fad.
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In 2021, the S&P 500 was at all-time closing highs, 2022 delivered the worst returns since the global financial crisis, and now the bulls are running wild this year. The S&P 500 has seemingly bounced back substantially, but could this actually distract investors from the bigger picture?
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If there’s one thing dental practice owners have, it’s tenacity for their practice to succeed. And knowing where your averages lie compared to your neighbor down the street is imperative for growth and goal-setting. That’s why today’s episode goes inside our most comprehensive report of the year, which looks at average overhead, collections, staff salaries, and more for 7 dental specialties of various sizes. Follow along by downloading the new How Does Your Practice Compare? Report, at cainwatters.com/hdypc.
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ChatGPT has undoubtedly taken the world by storm, but it's no match for super CPAs like Hunter and Judson. And while we certainly can't predict the future, we can prepare for it. Total household debt hit a record high at $17 trillion, and credit card debt delinquency rose to 4.5%, and those things can hit practice owners right where it hurts: collections.
And finally, the IRS has dropped the 2024 HSA contribution limits, and the guys remind you of this vehicle's often-overlooked investment and tax planning benefits.
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This episode is jam-packed with topics surrounding IRS AI bots, whether cash investments in a recession are an avenue for you, and those looming repayments on student loans. But first, did you know that $600 billion in taxes will go uncollected each year because the IRS needs more people and technology? The guys give their take on all of this and conduct a 5-month practice checklist to analyze your business financials and identify room for improvement.
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There was an astounding amount of production growth in 2022 for pediatric dental practice owners, and this special edition episode goes beyond the numbers in the NEW Pediatric Practice Comparison Report. With the help of a special guest, the guys are digging into how pediatric dentists' production per chair and per patient took off, where the average overhead remains, and how much they're really willing to spend on staff salaries. Listen and learn how these industry trends go side by side in all specialties.
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Would you believe us if we told you the average American retiree spends an hour grooming daily with the remaining time spent sleeping or leisurely? So, after all those years spent saving for your retirement dream, where does your money actually go? In this new episode, the guys dish on the lifestyle of an average retiree and how time and social security actually impact it. Plus, they evaluate the latest CPI report and if the economy is responding as it should.
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In honor of Tax Day, the guys discuss extensions and explain why if you’ve already received your tax return this year, it may be looking lower than normal. Lastly, the IRS wrapped up its final entries to the annual Dirty Dozen List, which includes sophisticated schemes targeted toward high-income taxpayers, and the guys are here to recap it all.
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The IRS has released its annual list of the worst of the worst tax scams, and the guys are here to break it down. Some items are new to the list, while others are repeat offenders; either way, the guys urge taxpayers, businesses and tax professionals to watch out for these scams throughout the year, not just tax season.
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In this special edition episode, the guys explore the NEW Orthodontic Practice Comparison Report in-depth. Tracking 10 years of data, they identify industry trends that go side by side in all specialties. They analyze whether practice collections are growing, review the latest average staff salaries, and detail the sensitivities around raising fees. These different data points provide insight into where the orthodontic industry is heading and ways to use this report in your practice.
Could SVB’s breakdown cause a ripple effect that slows down the economy? With tightened market conditions already in place, investors are wondering if cash in the banking system is safe or if it’s sending smoke signals for a bank run. The guys are diving into this along with FDIC-insured deposit limits you might want to jot down and the Fed’s latest, surprising rate hike.
In this episode, the guys are unleashing all that’s been on their minds lately regarding the financial markets. They discuss how Silicon Valley's latest bank crisis is rattling America's largest banks and spooking investors. Plus, their favorite Ponzi schemes and how not to fall victim to "liquidity traps" like this during volatile economic times.
This special episode was filmed at the 31st Annual Meeting with business owners in attendance. It is centered around the million-dollar question every practice owner likely has, “what is my practice worth?” And while that answer is multifaceted, NDP Partners Christy Ratcliff and Charles Loretto join in to offer their perspective on trends they’re seeing throughout thousands of practice valuations and the criteria needed to build up the value of your practice.
Every detail in your financial plan matters, which is why trust in your advisor is just as important as the financial performance. Because client/advisor relationships are so complex, the guys describe their approach to aid clients in making decisions that balance their emotional and social needs without sacrificing the ultimate financial goal.
The guys have some good news and not-so-good news. This episode, the guys are covering a plethora of tax topics: a recent tax court case that may affect work automobile audits, CPI print numbers, reporting taxes on cash apps and where to begin searching for an associate doctor.
What is an exchange-traded fund (ETF), and why does it actually matter? This week, the guys are putting ETFs and index funds under the microscope. They talk through the tax stipulations, availability and noteworthy differences they could have in your portfolio. Plus, what could a newly appointed IRS commissioner mean for future audits? And is there any truth to International Monetary Fund (IMF) chief economist's recent global economy comments?
What does the Super Bowl have to do with the stock market? Historically speaking, there may be a correlation between the two. Judson and Hunter look into other variables they anticipate will affect listeners most this year; proper banking flow, interest rate stabilization, market normalcy, and discuss if it’s true that some Americans would give up their annual bonus to see their team win the Super Bowl.
Year-end results for the aggregate bond index ended big and scary. And even though CPI is down, we still are not feeling it yet, and prices at the stores are on the rise. Is there good news ahead for bonds and consumer prices in 2023? The guys answer the ‘why’ and expand on where they see opportunities ahead. They also review key changes in the SECURE Act 2.0 and why the new law has something for everyone’s retirement savings.
For two and a half years, stimulus dollars granted you some extra spending monies and, chances are, resulted in easing up on what’s all going out the door. This year things have changed and there’s no better time than now to regain control of your spending and get your expenses back in line. The guys close out the season by evaluating the areas within your practice you should heavily monitor to help you prepare for whatever this year has in store.
Although it feels like more, corporate-owned practices make up only 10-15% of the total dental practice marketplace. While the high multiples and flexibility are appealing, not every practice has a model that’s compatible.
NDP’s Christy Ratcliff is back in the studio to go over the type of practice a public sale may be right and wrong for and her view of the impact FOMO has had on practice owners' personal and professional goals.
A volatile 2022 is behind us, but with interest rates on the rise, many dental practice buyers and sellers are feeling conflicted with transition plans. NDP and 7Pillars Partner Christy Ratcliff joins the guys to discuss what she’s seeing in both private and DSO practice sales and how that could evolve in 2023.
You can now save more in your 401(k) and IRA this year, but given the down market, is now really the time to increase your retirement contributions? The guys ring in the new year by reviewing if your savings strategies should change in response to the updated 2023 contribution limits.
After living large on market returns, low interest rates and stimulus the past few years, 2022 dropped in to bring us back down to earth. Yesterday’s problems seem here to stay, which means it’s time to right-size your lifestyle for the new year. In this episode, the guys help you leverage some of the upsides from 2022 to get a head start on a 2023 plan that will not only bring you peace of mind but will help you stay on track to meeting your long-term goals
About 52% of decision makers within dental offices intended to focus on patient engagement in 2022, but maintaining this goal was more difficult than expected. The guys take a look back on those ever-increasing staff wages, the debate of raising fees and setting budgets, and the possible ‘new normal’ we may expect in 2023.
Domestic and global polarization is at an all-time high, and it’s impacting more than just your dinner conversations. The guys discuss the strength of the U.S. Dollar, onshoring implications, and the potential impact the midterm shift in power may have on energy, oil, and taxes.
2022 brought a shakeup in the stock and bond market leaving investors feeling like they had nowhere to hide. The guys analyze the year from the beginning, make sense of the mania surrounding the market headlines and offer some guidance on how to approach it all in 2023.
We’ve made an end-of-year tax savings checklist and now it’s time to check it twice. Hunter and Judson take into consideration the changing economic landscape, business projections, and if you’ve been naughty or nice, as they walk you through these helpful tax-saving strategy tips. It’s not too late, listen in to ensure your money is working for you as some changes may be necessary to take advantage of before Dec. 31, 2022. For a full list of tax considerations, click here.
Caring for aging parents is a compassionate but often trying commitment. Already an emotional ride, add the financial component and family dynamics into the mix, and you’ve got the recipe for a bumpy ride. Founder Darrell Cain advises on initiating important conversations with family, reducing the risk of manipulation, and exploring your resources and options, all while examining your own financial bandwidth.
The cost of life seems to take many college graduates by surprise. One way to avoid the crash and burn? Prepare your kids early to fully understand the role money plays in our everyday lives. Special guest, Dr. Earle Sullivan shares his experience raising his three adult children and the lessons that packed the most punch. He’ll admit, it didn’t all come from inside the home, many of the influential lessons came from fellow colleagues, friends and seminars.
CWA Partner and CPA Dan Wicker has instilled good financial values in his adult children...right? When his kids went off to college, he had to face what every parent eventually does: watching his children manage their own time and money, hoping they learned and absorbed what he had tried to teach them their whole life. In this episode, he talks about what every parent can do to set up their children for success early in life.
CWA Partner and CPA Dan Wicker has instilled good financial values in his adult children...right? When his kids went off to college, he had to face what every parent eventually does: watching his children manage their own time and money, hoping they learned and absorbed what he had tried to teach them their whole life. In this episode, he talks about what every parent can do to set up their children for success early in life.
Over the years, you face competing demands on your time and financial resources from children, aging parents, dependents and loved ones in your life. In this episode, the guys talk with Drs. Ryan and Tiffany Harris on what it’s like to juggle a successful practice, activism within their community, and, most importantly, teaching their four children the values of money, from everyday transactions to long-term investments.
In today’s episode, CWA Partner Tim Greaves recalls the ’08 recession and answers the question: “are we safer today than we were many years ago?” While no two downturns are quite the same, the guys talk about lessons learned and hash out the best measures you can take to prepare for a potentially bumpy ride.
With the threat of a real recession looming, it’s time to make some serious business decisions. The initiatives you put on hold during the pandemic may need to be brought back to life. In this episode, Judson and Hunter discuss the things you can do to help you put your best foot forward during tough economic times.
The guys are back to calm seasoned and new investors on the market volatility fears. While it is scary, embracing it could be an opportunity for profit, whether you are a retiree who is concerned on when to pull from investments or the newbie who may be allowing emotion to dictate their investment behavior.
This season starts on a high note—the 100th episode! Today they look at what elements of your personal and business plan you should get in order to breathe easier if adverse economic times hit sooner than expected. Additionally, they list out resources to have in place for the next 12-24 months.
The day of a practice owner doesn’t end when the last patient walks out the door. How are you keeping up with the items on your business owner to-do list? Trying to manage it all often comes with one big headache, and likely even some things pushed to the back burner. Listen in as the guys advise on how to best allocate you and your team’s time.
Clinical education and training does not always translate to preparation for owning a business. Especially when it comes to managing people. Hunter, Judson and guest Paul Edwards with CEDR Solutions is here to change that by sharing how owners can leverage an HR strategy to help build a team for the long-term.
Clinical education and training does not always translate to preparation for owning a business. Especially when it comes to managing people. Hunter, Judson and guest Paul Edwards with CEDR Solutions is here to change that by sharing how owners can leverage an HR strategy to help build a team for the long-term.
At some point, you’ve likely battled PPO insurance reimbursement rates in your practice. While there’s no one-size-fits-all answer, the decision to leverage insurance carriers or go fee-for-service only in your practice can impact your business for years ahead. The guys discuss the advantages and disadvantages on your options, from accepting insurances, dropping insurances and everything in between.
At some point, you’ve likely battled PPO insurance reimbursement rates in your practice. While there’s no one-size-fits-all answer, the decision to leverage insurance carriers or go fee-for-service only in your practice can impact your business for years ahead. The guys discuss the advantages and disadvantages on your options, from accepting insurances, dropping insurances and everything in between.
Keeping a handle on your financial statements is essential to your business’ financial plan. This means more than simply reviewing them once a quarter, as inaccurately tracking profit, losses, expenses and more all pose risks to your practice. The guys get to the point on how to leverage these tools to measure the health of your practice.
Redefining your practice vision and goals each year may sound like one more thing to add to your to-do list, but this could be the key to staying ahead of the rising tide of competition. Whether you’re seeking to double revenue, increase new patients or expand, setting a concept or vision of what you want your business and career to look like in the future makes all the difference in the ability to influence patients to value your services.
You’ve probably heard the saying ‘the stock market isn’t the economy,’ but how is a volatile market not a sign of a weak economy? Chartered Financial Analyst (CFA) and Tectonic Advising Manager Brad Sanders is here to address common concerns investors have due to the market turmoil. He explains the weaknesses in pockets of the economy and shares ways investors can ease fears and look toward positive signs on the horizon.
As inflation lingers, so does the possibility of a recession. Is there a light at the end of the tunnel? Interest rate hikes can decrease inflation by making it more expensive for consumers to borrow money. Couple that with a growing economy, and rising rates can actually be a step in the right direction. The guys define the three main drivers of inflation and how to position yourself and your portfolio to come out on the other side.
The guys answer the number one question they’ve received recently from clients, “I have all this cash but I feel like I’m losing purchasing power by the day with where inflation is heading. What should I do?” There’s no one-size-fits-all answer, but the guys advise on ways to preserve your purchasing power and put your personal and business money to work for the long haul.
Rising interest rates can make a big impact on your business and personal debt when you consider that a half percentage point could change the payoff date by years. So, how do you stay afloat in an inflationary environment? The guys advise on proper management on different types of debt, advancing your purchasing power during volatile times and the secret to leveraging the best inflation hedge.
The U.S. economy can be hard to predict in today’s environment but understanding the Fed’s history can help investors make sense of the spike in interest rates. Hunter and Judson start with the basics, dissecting the state of the market through the effects of inflation on investments in this episode.
Dr. Geoffrey Gamache quickly found his hands full when he bought his New York dental practice. When he decided it was time to invest in expanding his office space, he didn’t quite know the amount of work he was undertaking. He walks through the process of expanding his practice by more than 5,000 sq. ft. and the importance of preparing yourself and your staff for the drastic change.
Getting a dental practice loan or financing new equipment can be an obstacle for dentists, but you have options. Listen in as Judson and Hunter talk through selecting a conventional or SBA loan. Ultimately, whatever option you choose can be the determining factor on the size and price of your practice.
When it comes to designing your dental practice, is it going to cost $1 million or $10 million? The interior design of your space can either make or break the aesthetics and also, sometimes, the budget. Licensed Interior Designer Melissa Sprau discusses how creating a "finish narrative" early in the process can actually help you save money in the long run.
With real estate costs skyrocketing across the country, dental practice owners need to choose whether to buy or lease their space wisely. There are caveats to consider like available cash, time horizon, demographics of the area and more. The guys walk through different scenarios to shed light on which may be right for you.
When day in and day out, your dental office is crowded with patients, staff and equipment you may be considering if it’s the right time to expand your office. With over 30-years of practicing dentistry and experience in buying and selling practices, Dr. Jim Clark joins the podcast to discuss the exploration process and how to evaluate your current and future real estate needs.
In a highly competitive climate, it’s hard to be an expert in all aspects of the dental practice while still possessing a clinical competitive edge. Dr. Moody Alexander joins the podcast to relive the story of letting go and putting his blinders on by trusting a dental consultant for the long haul. He advises on accepting fresh ideas without overworking yourself and most importantly, how to get your staff on board too
There is an acute need for growth in your practice’s hygiene and it’s likely due to these three reasons. Registered Dental Hygienist and CEO of Inspired Hygiene’s Rachel Wall joins the guys to bring her hygiene years of experience to the table to help practices break out of their comfort zone and step into success.
Recorded live from the CWA Annual Meeting, Steptoe & Johnson’s Brad & Katy join the guys to set straight the important components your estate plan needs. There is nothing more important than protecting your loved ones—and the last thing they need is your estate getting stuck with heavy tax burdens or tied up in probate.
How do you know when it’s time to hire a dental consultant? CEO & Founder of NextLevel Practice, Gary Kadi, joins the guys to share insights on the broken dental business model. They discuss why so many people are reluctant to hire a dental consultant and how not making the unacceptable, unacceptable could actually be the one factor holding you back from success.
Why isn’t your practice moving to the next level and can a dental consultant help you get there more quickly? The guys are back this season to talk through the obstacles, hesitancy and roadblocks to hiring a dental consultant and take a poll on if the success stories outweigh the risks.
Money Manager Mike O’ Keefe joins the podcast to share how to navigate the investment selection process. He elaborates on maximizing the value of your financial portfolio so you don’t feel like you’re missing out on investment opportunities.
It doesn't matter if you are 20, 40, 60 or 80 years old, knowing when you need the money can tell you how to invest it to get the best return.
The most influential factor in reducing taxes and increasing your post-tax spendable income is tax diversification. Tax laws and codes are ever-changing but your solution doesn’t have to be.
Stocks. Bonds. Cash. What is the right mix? Leveraging asset allocation as a strategy to diversifying your investment portfolio can help protect you when the market is down and help you when it's up.
Do you need your money in five years? Ten years? Twenty years? Before you start picking stocks, you need to first determine when you need to access the funds. CWA Wealth Advisor Natalie Young talks about this and other things investors need to know in this episode.
Ryan Shinska had a calling to serve but also, a ton of dental school debt. He got creative and was able to make his dreams of providing dental care to underserved Uganda a reality.
The guys unpack the nuances of tax-savings strategies like deferring expenses, defined benefit funding, estate tax, charitable contributions and capital gains. They answer questions about what to do before year-end and what to wait on until the tax policy is finalized.
The repeal of Roth IRA conversions is looming, ending the Backdoor Roth IRA loophole many have taken advantage of for their retirement planning. With many other retirement savings provisions fluctuating, the guys make sense of what’s to come and action items to consider before it’s too late.
Uncertainty is brewing around the capital gains tax proposal and what it means for the average investor. Hunter and Judson break down what's been proposed and how (or if) it will affect you.
If the tax policy proposal passes as-is, you are probably going to be taxed higher. How much higher exactly? Judson and Hunter offer perspective on the proposals in light of what they've seen before. On the other hand, there is a newly proposed tax here that they've never seen before.
Estate taxes – who pays and how much? With the significant financial impact this can have on your beneficiaries, it’s essential to begin planning ahead in your estate plan. The guys analyze the current rates, proposed rates and the impact upcoming tax policy could have on high-income owners and their heirs.
Be prepared for common ownership pitfalls. Staffing woes, tax audits, malpractice and more, the guys discuss the impact, emotions and preparation for each scenario.
A well-rounded general practice with 3 doctors, a full schedule and long-term staff—life was good for Dr. Steve Burross. Then his financial advisor noticed something strange, which led to the discovery of an embezzler in the practice. He shares his personal story to help other doctors take measures to fully equip and protect their business.
Dr. Casey Culberson joins the podcast to detail his experience with an injury that kept him from doing what he does best, dentistry. From the disability claims process, insurance coverage and reporting to how his patients and staff dealt with his absence, he details his personal and practice recovery process.
Dr. Bruce Ouellette joins us to share his partnership experience and insight into why some are successful and others fall apart. Based on his experience with both, he offers guidance on the due diligence that must be done before entering into a partnership agreement.
By sharing her personal story, Dr. Katherine Rodriguez advises listeners on how to protect their dental practice against cyber and ransomware attacks. In this episode, she describes how it happened, what was lost and how she pulled her practice back to safety.
The guys welcome Dr. Chuck Puntillo to discuss his journey from practicing dentistry to retirement. Through sacrifice and planning ahead, he shares how he crossed the bridge to living the lifestyle he always dreamed of.
Opening a second practice comes with risks, yet potential for big rewards. Dr. Wheeler joins the podcast to offer insight into the financial, managerial and staffing challenges he overcame to reach his thriving second dental practice.
Drs. Ryan Oakley and Ron Miller join the podcast to share how they made their dental partnership work. From both the buyer and the seller’s perspective, they dish on personal and clinical compatibility, patients, staff and long- and short-term goals.
Dr. Derek Blank joins the guys to reflect on his experience opening a start-up dental practice. He shares how he knew this path was right for him and the key factors that contributed to its early success.
Recent University of Kentucky Dental School graduate, Friend Bechtel, is here to discuss the different paths graduates have available to get their career in dentistry started. He discusses the choice between joining a corporate group or a private practice from a student’s perspective. Do new grads really have less desire to own their own practice than their predecessors? Dr. Bechtel weighs in.
New statistics from the ADA confirm that patients are not only back, but demand continues to grow for dental care. In this episode the guys unpack the key lessons doctors need to take away from the pandemic and how they can use these to help keep acceptance rates high in the long term.
Increasing Fees. Thinning schedules. Digital marketing. Cost structures. All takeaways from last year that Hunter and Judson are evaluating and offering guidance on to propel your practice forward.
Staffing has always been an issue for business owners, yet this past year has elevated the need for a solution. Rising staff costs and benefit demands, decreased supply and increased turnover. Hunter & Judson offer guidance on short- and long-term decisions owners can take to navigate common staffing pains in this new episode.
Most dental practice owners are finding themselves with a flush of cash on hand post-pandemic. But during a volatile market, business owners may be unsure about where to reinvest those dollars. In this episode, Hunter and Judson offer guidance on how to make a long-term impact from a short-term situation.
Most first-round Paycheck Protection Program (PPP) loans were under $150,000 and not everyone received the second round of stimulus loans. Was this really enough to move the needle in dental practices, especially those hit hardest by the pandemic shutdowns? Judson and Hunter weigh in.
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The first step in financial independence is paying your own bills. Yet, among all the things that come with adulthood, this is the one young people would most like to ignore. In this episode, Judson & Hunter help guide parents and young adults on how to gradually assume this responsibility by budgeting, estimating expenses, and managing credit cards.
Hunter and Judson reminisce on their college days, the things they did right and what they wish they would have done to help them be better in the career world. Judson’s minimum wage job and Hunter’s study abroad experience both paid dividends in adulthood. There were things they left on the table that they also have seen pay off for others later in life.
You need to establish good credit, but how do you avoid the sand traps along the way? Hunter and Judson share their own young adult credit mishaps and in the process answer who needs credit, whyyou need it, whento start and how to do it right. Listen in to help your young adult get on the right track.
With Hunter in the hot seat, this episode kicks off illustrating why saving early is the key to accumulating wealth. The guys help you set realistic savings goals by life stage and talk about why an employer match, 401(k), Roth IRA and stocks are a home run.
Judson and Hunter ask their kiddos a simple question with some pretty great answers. They take things back to basics this season, talking through all the financial concepts they wish they’d known when they started college, their career and independent life!
While you can't predict life's ups and downs, the guys advise on how you can appropriately prepare your portfolio for uncontrollable factors such as inflation, medical and disability, divorce, social security and more. Joined by CWA Partner Brian Bortz, they offer insight on how to not only plan ahead but make adjustments along the way.
Special guest Brian Bortz, Partner and IAR at CWA, discusses how to spend money wisely in retirement to get your savings to last as long as possible. This loaded episode goes into the depths of what withdrawal rates in retirement yield the best outcomes, why retirees should still be invested in the stock market and the psychological impact of spending your life savings.
Where you save for retirements is almost as important as how much you save. In this episode the guys offer up their knowledge on the types of accounts you should be leveraging to save towards retirement. They get you thinking about what avenue may be best for your current and future needs, unveil stipulations to each tax environment and how to avoid being "pension poor." For our infographic visit https://bit.ly/2Pk7DEM.
In order to know how much you need to save for retirement you first have to know 𝘸𝘩𝘦𝘯 you are going to retire and 𝘩𝘰𝘸 much you are going to spend. True, you don't have a crystal ball, but in this episode the guys offer tips on how to read the tea leaves and get on track to get the future you want.
To kick off the season on retirement planning, Hunter and Judson outline the factors that can help you meet your retirement dreams, and the ones that will take you totally off track. Everyone's retirement path is unique, but in this episode the guys help pinpoint the sweet spot of present versus future lifestyle. Stay tuned this season as they help you get it right by diving into how to define your goals, how much to save and the different environments to help your money grow.
In season 9's closing episode, special guest LeAnn Peniche, CEO of Peniche & Associates, speaks to doctors on why they need to get on board with a dental referral program. When it comes to getting new patients, referrals are a goldmine! She shares success stories and tips for getting started. While it may be a team effort, LeAnn and the guys explain what the doctor should do in order to make this a program that sticks.
Everyone is on social media, so why isn't your practice? Stephanie Petersen from Dentalfone joins Hunter and Judson this episode to debunk the myth that not all practices need social media. In times like these where you may not be able to see your patients as often, social media is an easy and inexpensive way to reach your loyal and prospective patients. She brings her expertise to the table on what platforms could be beneficial for you, the sweet spot of how and when to post and more ideas to aid in growing your practice.
Your online presence on the web is a fundamental piece of your marketing strategy, but what does that really mean for a dental practice? Legwork Co-Founder Korey Korfiatis enlightens listeners on making their brand discoverable to new and existing patients and optimizing their SEO opportunities. He clears the grey areas and recommends steps to take to get your practice to the next level.
Your brand is more than your logo, name or slogan — it’s the entire experience your prospects and patients have with your business. Defining your brand strategy is the first step in building out all the elements of your marketing plan. CWA Director of Marketing Erin Jeffries sheds light on the steps you can take to ensure your brand conveys the 𝘳𝘪𝘨𝘩𝘵 message to your target market.
With 2020 officially behind us, now is the time to revisit or revamp your marketing plan to help increase production in the new year. The guys set the stage for what's to come this season, with new guests and fresh content. Our hosts level set on why a marketing plan is essential in uncertain times, the various types and common misconceptions surrounding marketing. Get ready for a season of innovative ideas flowing from all directions.
It's easy to simply go through the motions and do the minimum when it comes to bookkeeping in your practice. But the truth is, this is an area of real opportunity for most owners. In the closing episode, Hunter and Judson reveal why good books are the most underutilized tool in a dental practice, and can help owners identify overspending, fraud and pave the way for strategic tax planning. Download our How Does Your Practice Compare? Report at www.cainwatters.com/hdydpc-contact/.
2020 has been anything but normal, and years like this remind us of how important it is not to neglect selecting the right insurance coverage to protect your practice. In this thought-provoking episode, the guys touch on multiple scenarios for you to consider; what happens if my practice is affected by a natural disaster or a cyber attack? Should I upgrade my office equipment? What's the difference between a rider and stand-alone policy? They're bringing clarity to all these topics and more.
What is an employee contract? Should I create one for all employees? Special guest Conner McNair, partner at Friday Firm, joins the guys to clarify any misconceptions you may have previously heard about employee, partnership and purchase agreements. He discusses how to avoid hefty lawyer fees and the type of lawyer you should aim to have on hand for your practice.
You won't be able to catch an embezzler based on looks...but there are behavior traits that could shine a light on sneaky crooks. Prosperident CEO David Harris joins episode 2 to discuss why embezzlement is so prevalent within dental practices and ways you can make it more difficult to let one into yours. From setting up a hiring process, identifying red flags and what to do (and not do!) if you find one, David and the guys have a lot to talk about.
As a business owner your goal is to fall asleep each night with peace of mind that you won't be hit with any surprises, especially one that comes in the form of an unexpected tax liability. In the season 8 opener, Judson and Hunter begin discussing some of the silent risks lurking within your practice. They first dig into tax related risks; which forms to use, when to file, and what milestones to ensure you inform your CPA along the way to allow them to maximize your deductions and be as tax efficient as possible. With their forward thinking tax planning tips, you'll ensure your tax plan is proactive rather than reactive.
In this litigious society, firing an employee is the riskiest action you can take, however not firing when you know you should could cost you even more in the long run. In the final episode of the season, CEDR Solutions Paul Edwards joins our hosts to discuss the dos and don'ts of firing. From stressing the importance of documentation, to warning employers not to use "at will employment" as a bullet-proof vest, this is an episode you don't want to miss.
During the interview process, knowing the right questions can ascertain if an employee is a good cultural fit. Judson and Hunter are joined by CEDR Solutions CEO Paul Edwards, and step foot on the windy path of the hiring process. With so much at stake in finding the right person, Paul goes over how to identify a persons skills, properly conduct behavioral interviews and the most important of all, background checks.
Is your employee handbook an asset or a liability? Hosts Judson and Hunter along with guest, CEDR Solutions CEO Paul Edwards discuss why simply having an employee handbook isn't enough. When done well, it's policies can protect you from lawsuits and liabilities, and allow you to be a more efficient and confident leader. Listen in for guidance from Paul on how to put this document to work in your practice.
Don't wait for the inevitable to happen before you create a plan for what to do should a patient, staff member or family bring the virus into your practice. Judson, Hunter and CEDR HR Solutions Paul Edwards, weigh in on the current coronavirus landscape and how open and honest conversations, updated protocols and the Families First Coronavirus Response Act (FFCRA) can help before, during and after it hits.
In the first episode of our new season hosts Hunter Satterfield and Judson Crawford are joined by virtual guest, Paul Edwards, CEO of CEDR Solutions to chat about one of business owner's biggest pain points—HR issue—which seem to be magnified during the pandemic. Paul covers the top four HR mistakes owners make from handbook issues, fast hires, unprepared fires and COVID-19 staff complications.
Is a DSO sale right for you and your practice? In the final episode of season 6, Hunter and Judson along with NDP Valuation Specialist Christy Ratcliff discuss the resurgence of private equity and DSO sales. They address misconceptions head on, offer insight into how to read between the lines and talk through who may be a good fit for this type of sale.
Are you or someone you know considering bringing in a partner to the practice? Although this can be one of the most complicated paths, if done strategically, can be one of the most beneficial for both parties. In episode 3 the guys again welcome NDP Partner and Valuation Specialist Christy Ratcliff to discuss the most common questions they get about partnerships and how to determine when its the right time to add a new doctor. Additional resources mentioned in this episode: Practice Transition Resources: https://www.cainwatters.com/practice-transitions Check out our podcast series on our practice transition philosophy, hosted by Dan Wicker by searching “Creating Successful Dental Partnerships” or going to https://www.cainwatters.com/practice-transition-podcast/ NDP’s Transition Talk is available now on Apple Podcast or at http://www.nationaldentalplacements.com/resource-partners/podcast-transition-talk/
In episode two of the partnership season, Judson and Hunter along with special guest, Partner and Valuation Specialists Christy Ratcliff define a walk-away sale and why sellers should start the process before they are ready. They dive further into the seller process with preparation steps and how to find the right buyer. They also look into the buyer advantages and disadvantages of this type of sale. With emotions running high in the buying and selling process, Christy goes over how she helps her clients maneuver the path.
In Season 6 of the Accumulating Wealth Podcast, Judson and Hunter are talking about your biggest asset: your practice. Joined by National Dental Placements' Partner and Valuation Specialist Christy Ratcliff, if you're looking to sell, buy, or bring in a partner in the future, this season is for you. In episode one, they tackle recent concerns over COVID-19 and how it has impacted dental practice valuations. Although the pandemic may have slowed your transition plans, it doesn't have to delay them all together. In this episode, Christy talks about the recent trends her team has observed and how they're handling these unique situations.
Interest rates have been coming down, and now might be the time to capitalize on it for large loan borrowers. In today's episode, Hunter and Judson discuss rates in the wake of COVID-19 and what to consider when deciding to refinance on home loans, jumbo loans, practice and practice real estate loans. Hunter and Judson will be back in July for our next season on dental practice transitions. In the meantime, get resources and updates on the dental industry and navigating COVID-19 at cainwatters.com Our new Dental Comparison Report is out now and can help dental practice owners make strategic spending decisions as they reopen. Get it now at cainwatters.com/hdypc.
Investing is a very important vehicle to help you reach your long-term financial goals, but what's with all the fees? Are they really necessary and how do you know if you are paying too much? Judson and Hunter dive into the complex world of investment fees: the different types, their purpose and what you’re really paying for.
With a little extra downtime, now is the perfect time to evaluate any unnecessary waste and get rid of excess expenses you may have let fall through the cracks. What fees do you think you can discard for the future? Special guest, President and CEO of Elite Dental Alliance offers clarity regarding fees, subscriptions, software services in the dental industry and how to navigate these charges that affect your cash flow.
You know what you your time is worth and the costs associated with running your business, but when those costs rise, why are owners always hesitant to raise fees for their patients? In this episode, Hunter & Judson discuss how to know if your fees are right, and if they are too low, how to increase without patient push back.
In season 5, our hosts will discuss ways to save you money in your practice, but before we do that—we must address the elephant in the room. Things are hardly business as usual. Your practice has been closed for 6 weeks and all production has been halted outside of taking care of emergencies. Practices are finally starting to open back up in some states, but the big question of maintaining cash flow is on the minds of owners. Judson and Hunter discuss the cash flow of a dental practice, PPP loans and some guidance for the months coming back into practice.
In the final episode of season four, our hosts take a scattershot approach on all the other things that didn’t fit into one of the other episodes. From individual to employee insurance coverage to property insurance, long-term care and umbrella policies to cover just about anything, Hunter and Judson want to make sure you are protected from life’s pitfalls.
Just recorded! Our hosts Hunter and Judson bust out of the Dallas County lock-down to record this bonus episode for you. If your practice and/or business is closed due to the pandemic, how will you maintain your cash flow, and for how long can you do it? In this episode, the guys review a 90-day cash flow plan touching on your cash needs, potential cash sources and how to determine your priorities. They offer specific suggestions what to do if you need more cash, ideas for productive ways to spend the downtime and of course—their favorite pandemic memes.
Stop here! Don’t scroll through this episode because you don’t want to think about it—this one is a must listen for everyone. Without a plan in place, settling your affairs should you become incapacitated or deceased, could have a long lasting and costly impact on your loved ones. Hunter & Judson are here to set the record straight that a will is not enough. The flow of the money is the most important part, and there are five documents you need to ensure your wishes (and money) are not left up to the probate court to decide. To see all the documents needed, please visit https://bit.ly/399LugA.
As a service professional, your hands, mind and body are what brings money into your business. If you are unable to produce, how long will your business and family be able to keep up with day-to-day expenses? Sure, “it will never happen to me,” but there is a 3 in 10 chance of suffering a disability that keeps you out of work for 90 days or longer at some point in your career. In this episode, hosts Hunter and Judson discuss long-term disability carriers and policy types, appropriate coverage amounts and why knowing your “wait period” is so important to getting paid.
Season 4 covers topics that may not be talked about enough (but should). In this first episode, hosts Hunter and Judson cover life insurance and everything that comes with it. Term life versus permanent life, they go over the types that may be suitable and how much you really need to protect the ones you love.
It’s a tale as old as time, you love your children and want to give them the best, but when is it too much? The adult child’s car insurance, cell phone, student loans—are they eroding your retirement savings? This episode is not here to tell you to cut off your kids (although maybe you should), but rather how to help you never have to get to that point. Judson and Hunter cover when and how to start educating your children on the value of money, and why not only is it a priceless gift to your children—but can save your retirement. They embark on a conversation on why you need to start this conversation early on, if you should pay for your child's college and the 3to1 Foundation's resources.
Projecting your lifestyle is the most important part of your retirement plan—it can also be the hardest. Hunter and Judson cover the four variables to determine what you need for retirement: when, what you’ll spend, what to save and rate of return. They also uncover what distribution strategies there are, retirement calculators and choosing Roth or Traditional Deferrals.
Not all debt is created equal. In this episode hosts Hunter & Judson help clear the air around the different types of debt. Good debt, bad debt, the worst debt—and what qualifies each. They hit all the common questions around student loan debt, how to start paying down common types of debt or refinancing your home. They shed more light on when to pay off debt, the current interest rates and when to refinance your home.
Is there an easy way to budget? Hosts Judson and Hunter share their secrets around favorite budgeting apps, escrowing big expenses, homes, cars and lifestyle creep. They also cover some of the tough topics like how to budget when a spouse is involved, and the ever present question—do you need an Amazon category in your budget?!
Even if the children are still in diapers, it’s likely you are already thinking of how you are going to save for their college education. In this episode Hunter and Judson offer clarity on how much to save, and different vehicle options available to do it. Coverdell or 529, the hosts share what to look for and what to avoid in a state sponsored plan. They shed light on the average cost of college, best ways to save and what to do with those left over funds.
When you are a business owner, how do you determine how much to pay yourself? Hosts Judson and Hunter clue listeners in on why the how you pay yourself is just as important as the how much. They start at the top with four questions to ask yourself to determine the right amount and move into the breakdown of the tax implications of W-2 wages versus distributions. They address the 4 big questions to ask yourself when and how to pay yourself, how to avoid excess payroll taxes and more.
There are multiple corporate structures you could use when setting up your business—Sole Proprietorship, Partnership, S-Corp, C-Corp, LLC—and they all impact your level of tax liability in different ways. In this episode Hunter & Judson help you review the legal versus tax side of each entity, and how to determine which structure is right for you. Want more information on this topic? Read a full description on business entity options at http://bit.ly/2onH3gT.
Sometimes audits happen. Is it random selection, or based on a higher than average deduction? In this episode Hunter and Judson tell you when to take a deep breath and contact your CPA…and when to panic and move to Bermuda. They cover top risks, types of audits, how long to keep receipts and what to do if you get a letter from the IRS.
When it comes to summitting your tax return, there are some mistakes that you just don’t want to make. In this episode Hunter and Judson cover some of the most common mistakes made on both a business and personal return, and what to do if you’ve already made them. From travel, 1099 employees, safe basis estimated taxes and “omissions of information,” get prepared this season by knowing what not to do.
As the end of the year approaches, have you done all you can to minimize your tax liability? Listen in as Hunter & Judson walk through their end-of-year tax checklist. From maximizing your 401(k) to deductions, equipment purchases and charitable donations—they will cover the steps to take to proactively plan for next year’s tax season today. In this episode you will also hear Hunter explain the difference in marginal versus effective tax rates and Judson’s public service announcement on IRA distributions.
In the first episode of this five-part series, hosts Hunter and Judson tackle common myths and misconceptions around taxes. Starting with the how and why on extending or amending your tax return all the way around to debt paydown whiplash and if you can deduct your automobile or Chick-fil-a. Hunter the human calculator and Judson and his boots offer tips to keep you out of the red-flag zone. - Deadlines/Extensions: Does extending help or hurt audit chances? - Amending tax returns - Automobiles and Food/Entertainment: how to know if it qualifies as a business expense in the eyes of the IRS. - Does paying down debt count as a deduction? - What’s phantom income? Have questions for our team? Visit cainwatters.com/wealth
As an business owner and investor, knowing the difference between investing options is important to make informed decisions about your financial plan. CPA Hunter Satterfield talks with Haag Sherman, CEO of Tectonic Advisors LLC, about these differences and more in his latest episode. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.
Strategic savings is an essential part to accumulating wealth. CPA Hunter Satterfield sits down with Tom Sanders, partner at Cain Watters and Associates, to talk about strategically saving through tax-deferred vehicles. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.
CPA Hunter Satterfield sits down with Darrell Cain, the founder of Cain Watters and Associates. Together they discuss his philosophy on wealth accumulation and the concept of compounding interest. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.