Dentists, Puns, and Money

Dentists, Puns, and Money Trailer Bonus Episode 95 Season 1

My Roth IRA Conversion - What I Learned

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In this episode, Shawn Terrell discusses the importance of being your own best client or patient, and how that relates to his own personal financial situation.  He shares his experience with his own Roth IRA conversions and what he learned about timing and strategy in tax planning. As tax laws change after 2025, he provides insights on how to navigate these changes effectively to optimize tax savings.

Takeaways

  • Roth IRA conversions can be beneficial during low tax periods.
  • Break up large conversions to manage tax implications better.
  • Unexpected income can complicate tax planning strategies.
  • Micro engagements in tax planning can lead to significant savings.

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Resources from Episode  

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Dentist Exit Planning:


Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

Schedule a Discovery Meeting

Sign-Up for Dentist Exit Email Newsletter


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What is Dentists, Puns, and Money?

Dentists, Puns, and Money is a podcast focused on two things: The financial topics relevant to dentists leaving clinical practice and the stories and lessons of dentists who have already done so.

1. The stories of dentists who have transitioned from full-time clinical dentistry.

2. The financial topics that are relevant for dentists making that transition.

If you’re a dentist thinking about your exit from clinical, and you’d like to learn from the experiences of other dentists who have made that transition, be sure to subscribe to your favorite podcast app.

Host Shawn Terrell also dives deep into the many financial components of exiting dentistry, including tax reduction strategies and how to live off your assets.

And, we try to keep it light by mixing in a bad joke… or two.

Please note: Dentists, Puns, and Money was previously known as The Practice Growth Podcast until March 2022.