Wondering how much you really need to save to retire comfortably? Or how to best manage 401K plans for your employees? This episode has the answers.

I’m joined by Kelly Richards, a partner advisor at Allworth Financial, who has nearly two decades of experience helping dentists transition from big spenders to big savers through strategic financial planning.

We dive into the importance of maximizing your 401(k) with profit sharing and how Allworth Financial’s low-cost platform can significantly boost your retirement savings. 

Kelly also breaks down why ETFs are superior to mutual funds and explains the dangers of trying to time the market, which can cost you big time.

From defining your "retirement number" to why you should only hire fiduciary advisors, this episode will put you on the right track to make smarter financial decisions. 

Tune in now to learn how you can secure your future and grow your wealth.

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Key Takeaways:

Introduction (00:00)

Kelly Richard’s experience at Supercharge Your Dental Practice (01:37)

Kelly’s background & how he helps dental practices (05:00)

401K profit sharing & cash balance plans (07:37)

Mutual funds vs. exchange traded funds (16:19)

Finding your retirement “number” & timing the market (19:20)

Final thoughts & lighting round Q&A (24:58)

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Connect with Allworth Financial: 

Website: https://allworthfinancial.com/

Email: kelly.richards@allworthfinancial.com  

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Learn proven dental marketing strategies and online reputation management techniques at: https://www.drlentau.com

This podcast is sponsored by Dental Intelligence. Learn more at: https://www.dentalintel.com/

This podcast is sponsored by The Doc Sites, the leading provider of websites and online marketing for dentists. Find out more at: https://www.docsites.com/

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