In this episode, host Shawn Terrell shares personal anecdotes about prioritizing life experiences over mundane tasks like lawn care, drawing parallels to how dentists should approach their financial futures.

The conversation emphasizes the need for a strategic approach to retirement planning, including income strategies, tax optimization, and intentional legacy planning.

Shawn also believes that not all dentists will need to stress about their finances in their post clinical lives.

Chapters

00:00 Introduction to Life After Dentistry
06:11 Deciding How Much to Care About Money

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Dentist Exit Planning:

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In this episode, Shawn Terrell provides updates on his own Roth IRA conversion, which was previously discussed on Podcast Episode 95, released in January of 2025.

In this update episode, Shawn dicusses what he learned about his Roth conversion when filing his 2024 taxes and analyzes his decision to execute this tax planning strategy.

He reflects on the federal and state tax implications, the importance of accurate tax reporting, and strategies to avoid underpayment penalties.

He shares insights on planning for tax conversions and emphasizes the long-term benefits of converting to a Roth IRA, despite some unexpected challenges during the process.

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Dentist Exit Planning:

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In this episode of Dentists, Puns and Money, host Shawn Terrell discusses the recent market volatility and its implications for dentists nearing retirement.

Shawn emphasizes the importance of acknowledging anxiety about financial losses, understanding the cyclical nature of the market, and having a solid financial plan in place.

He also highlights the need to look for opportunities during market dips and advises listeners to limit exposure to anxiety-inducing news and social media.

Chapters

00:00 Introduction to Market Volatility
02:51 Understanding Market Fluctuations
05:28 Planning for Financial Security
08:40 Navigating News and Anxiety

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Dentist Exit Planning:

Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

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In this episode of Dentists, Puns, and Money, host Shawn Terrell discusses the multifaceted aspects of retirement beyond financial planning.

He emphasizes the importance of maintaining physical health, staying updated with technology, nurturing friendships, and finding purpose in life after clinical practice.

Through personal anecdotes and insights, Shawn highlights how these elements contribute to a fulfilling retirement experience.

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Dentist Exit Planning:

Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

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In this 100th episode of the podcast, host Shawn Terrell reflects on the evolution of 'Dentists, Puns and Money' since its inception during the pandemic. He discusses changes in format, frequency, and personal experiences, particularly regarding health challenges.

Shawn emphasizes the importance of recognizing both changes and constants in life, especially for dentists planning their future after clinical practice.

He encourages listeners to contemplate what truly matters in their financial and personal lives as they transition into retirement.

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Dentist Exit Planning:

Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

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In this episode, Shawn Terrell discusses the importance of living a fulfilling life beyond the confines of dentistry. He introduces the concept of a 'billboard question' inspired by Tim Ferriss, encouraging listeners to reflect on their life philosophies.

Takeaways

• You will die someday. Make decisions about how you live your life based on this reality.
• Consider what your future self in making decisions.
• Actions should align with what you say is important to you.

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Dentist Exit Planning:

Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

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Summary

In this episode of Dentists, Puns, and Money, host Shawn Terrell discusses the unexpected challenges faced by dental practice owners and the importance of financial planning for life after clinical dentistry. He shares a story of a practice owner who experienced a series of unfortunate events, emphasizing the need to expect the unexpected.

Takeaways

• When bad things happen, they often happen in succession.
• Having options for cash flow during market dips is crucial.
• Unexpected expenses can arise during retirement planning.

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Resources from Episode

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Dentist Exit Planning:

Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

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Summary

In this episode of Dentists, Puns and Money, host Shawn Terrell discusses the importance of tax preparation for dentists, sharing personal anecdotes and practical tips. He emphasizes the significance of a tax filing checklist to avoid common mistakes and ensure all necessary documents are accounted for.

Takeaways

• The importance of having a financial treatment plan for life after dentistry.
• A tax filing checklist can help avoid missing important documents.
• Mistakes on tax returns can lead to complications later.

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Resources from Episode

------------------------------

Dentist Exit Planning:

Website: dentistexit.com

Email Shawn at: shawn@dentistexit.com

Schedule a Discovery Meeting

Sign-Up for Dentist Exit Email Newsletter

-------------------------------

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

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