Financial Fitness for Dentists: Your 2025 Gym Membership Plan

Financially Free Dentists

Still recovering from December's spending spree? If your finances could use a reset, we’ve got you covered. Enter "financial hibernation" — our go-to strategy for bouncing back after the holidays. Instead of vague New Year’s resolutions, we’re focusing on what really works for dental professionals who want to build wealth in 2024. Join Conor Mahlmann, CFP®, CSLP®, and Jake Courtney, CFP®, CSLP®, to explore 401(k) retirement options for practice owners and 1099 associates, tools like Monarch Money to make tracking your finances actually enjoyable (yes, really), and the "Financially Wrapped" approach to revamp your money habits. Plus, get the latest on retirement trends that are reshaping how dentists plan their financial futures. If you’re ready to start the year strong, this episode is your reset button.

Key moments:

(02:22) Turn Spotify Wrapped into Financially Wrapped to uncover your 2024 money trends

(08:25) Dentists retire at 69, seven years later than the average for other professions

(13:35) Few dental practices have a 401(k), but practice owners and 1099 associates have options

(19:10) How the Backdoor Roth IRA lets high earners contribute beyond IRS income limits

(26:45) Tools to make tracking your savings rate simple and show progress over time

Links mentioned in this episode:

• Monarch Money

• IRS 401(k) and IRA contribution limits

Managing your finances doesn’t need to be painful. Book a free intro call today. Just browsing? Learn more about us at SLP Wealth.

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