North Texas Dentistry Volume 8 Issue 4 2018 ISSUE 4 DE | Page 23

Unmanaged overhead today can hurt you dearly as retirement approaches. Make a plan and keep it relevant It is a cliché but, if you fail to plan, you plan to fail. Having goals and a sound financial plan to attain those goals is critical to everyone – dentists included. If you are sacrificing retirement dollars tomorrow to reduce debt today, you might be sorry. Amanda Mombert Private/Professional Banking Relationship Manager Columbia Bank You most likely wrote down many goals when you decided to become a dentist: the desired location for your first practice as an owner or as an associate, how much you wanted to make, etc. Don’t stop now that you are deep into your career – especially if have your own practice. If you don’t have financial goals and a plan, you are likely to be just treading water for years. Write down the specific goals you want to achieve when you retire – and visit them at least annually. They don’t have to be cast in stone, just make a plan and keep it active and updated. Don’t fail alone You know everything about incisors and bicuspids, but are you as well versed in IRAs and 401(k)s? If not, find a good financial advisor and/or CPA who is the expert. Yes, hiring these profes- sionals costs money, but being penny wise and pound foolish with your money is not only a dangerous game to play today, it can literally lead to disaster as retirement approaches. Being a dentist is a profession, an avocation, and a calling. Along the way, there are many ways you can both take action now and also plan for the retirement you richly deserve. Avoid these common mistakes to make it all work on the continuum of your career. Ben Mombert Vice President Private/Professional Banking Officer Columbia Bank Amanda Mombert, Private/Professional Banking Relationship Manager in the national healthcare space, specializes in providing end-to-end counsel and support to healthcare clients, especially dentists. She does this by building and maintaining relationships with her clients and always searching for the strategy that works best for them. Amanda specializes in financing for dental practices – providing financing for practice acquisitions, buy-ins, expansions, debt refinance, equipment, and commercial real estate. She is known for providing consultative assistance to clients and guiding them through the entire loan process. She is deeply con- nected in the dental community and is well known for providing clients with all the resources and experts they need to make sound financial decisions. Amanda is a veteran banker with more than 14 years’ experience and is a graduate of the University of Oregon and the Western School of Commercial Lending. She has been an active volunteer with Junior Achievement and the national program “Teach Kids to Save”. Email: [email protected]. We’ll help you keep your oxygen costs from getting out of hand! n n Individualized service stops waste Simple, straightforward pricing Ben Mombert, Vice President Private/Pro- fessional Banking Officer, is an expert in helping health care professionals achieve their financial goals through a number of different financing and banking solutions. Ben has a keen understanding of the cor- rect financing products and services that best suits the borrower’s needs, and is a connector for clients to find other dedicated professionals that specialize in the healthcare industry including; CPAs, attor- neys, appraisers, consultants, insurance brokers and more. Ben, a veteran healthcare banker of more than 13 years, is recognized in the industry as an expert in financing and banking for dentists (including associ- ated specialties pediatric, orthodontics, oral surgery, endodontics, periodon- tics, prosthodontics, other), as well as financing/banking for veterinarians, and financing/banking for optometrists. He is a graduate of the University of Oregon and has provided fundraising support for Mission of Mercy and the Dental Foundation of Oregon. Email: [email protected]. PUT TECH AIR ON YOUR TEAM TODAY! FAST & EASY NO FEE TO SWITCH NO 1st TIME SET-UP COSTS NO CONTRACT [phone] email: [email protected] www.techair.com www.northtexasdentistry.com | NORTH TEXAS DENTISTRY 23