Summary

In this episode, Shawn Terrell shares his personal health journey, detailing the alarming onset of double vision that led to a series of medical evaluations and ultimately a diagnosis of arterial dissection following a small stroke. He recounts the emotional and physical challenges faced during his hospital transfers, the diagnostic process, and the subsequent treatment plan that emphasized recovery through time. Shawn reflects on the experience, highlighting the importance of awareness and timely medical intervention.

Sound Bites

"I started experiencing double-vision."
"I had a small stroke, which sort of blew me away."
"No brain tumor, good. Arterial dissection, bad."

Takeaways

The onset of double vision can indicate serious health issues.
Emergency medical responses can be critical in health crises.
Understanding strokes is essential for timely treatment.
Arterial dissections can lead to significant health complications.
Recovery from a stroke often requires patience and time.
Hospital experiences can be emotionally challenging.
Communication with medical professionals is vital during emergencies.
Personal health journeys can be unpredictable and frightening.
Awareness of symptoms can lead to quicker medical intervention.
Support from loved ones is crucial during health challenges.

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Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

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Summary

In this episode of 'Dentists, Puns and Money', host Shawn Terrell returns after a long hiatus due to health issues, specifically two strokes he experienced in June 2023. He discusses his recovery journey and outlines the new format of the podcast, which will focus on solo episodes and the intersection of life and financial planning for dentists. Shawn emphasizes the importance of sharing his personal health story as part of his narrative moving forward, aiming to connect with listeners on a deeper level.

Takeaways

Shawn Terrell returns to podcasting after a year-long break.
He experienced two strokes in June 2023, impacting his life significantly.
The podcast will focus on solo episodes for the time being.
Future topics will integrate life experiences with financial planning.
Shawn aims to share his health journey to connect with listeners.
He emphasizes the importance of understanding personal stories in professional contexts.
The podcast will now include video content alongside audio.
Regularity in podcast releases is a priority moving forward.
Shawn wants to weave personal experiences into financial discussions.
He expresses gratitude to listeners for their support.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Watch on YouTube

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Keywords

dentistry, podcast, financial planning, health journey, personal story, life intersection, near-death experience, solo podcast, podcast format, dentist exit planning

In this episode Dentists, Puns, & Money, we visit with Dr. Jeff Priluck.

Dr. Priluck is a semi-retired dentist from the Atlanta, GA area who has chosen to remain active with clinical dentistry, even after selling his private dental practice that he owned for 38 years.

He's continued to practice part-time because he loves clinical dentistry.

Learn more about his transition into semi-retirement in this episode.

Among the topics Dr. Jeff and Shawn discuss:

• What Dr. Jeff learned during his transition from full-time owner dentist to part-time associate.
• How Dr. Jeff knew he was was financially-independent from practicing dentistry.
• How he's handled the physical demands of clinical dentistry for 40-plus years.
• How Dr. Jeff has put his customer service skills to work in the automotive industry.

Plus, Dr. Jeff's joke at the end of our episode is an all-timer:

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

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More information about Dr. Jeff Priluck and this episode:

LinkedIn: linkedin.com/in/jeffrey-priluck-3aa51b45/

Email: drpriluck@aol.com

Lolabees Dental Coaching: lolabeescareercoaching.com

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Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

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In this episode Dentists, Puns, & Money, we visit with Robert Montgomery III, Esquire.

Robert is an attorney with a specialty focus on the legal and business needs of dentists.

In 1997, Rob founded Your Dental Lawyer, a boutique law firm based in Philadelphia, and he's been working with dentists ever since.

Among the topics Robert and Shawn discuss:

• The legal considerations for a dentist selling their practice, including the exit paths most commonly taken.
• The legal documents necessary for a practice transition.
• How practice real estate factors into the deal.

Rob has worked on over a thousand dental deals during his career, ranging from practice start-ups to equity buy-ins and complex practice acquisitions.

Rob focuses his practice on the legal and business needs of the firm’s dental clients, advising on practice acquisitions
and sales, practice start-ups and lease negotiations, buy-ins, partnership agreements, employment matters, forming
and structuring dental service organizations, operational issues, financing, real estate sales and acquisitions, as well as
general corporate and business matters.

Rob regularly lectures to audiences across the country and is a frequent speaker for Ideal Practices, a highly regarded
national dental practice start-up consulting firm.

Rob is also the co-founder and co-host of The Dental Amigos Podcast.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

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More information about Robert Montgomery III and his dental-related connections:

Firm Website: YourDentalLawyer.com
Consulting Website: IdealPractices.com
Podcast Website: TheDentalAmigos.com

Instagram: yourdentallawyer
Facebook: facebook.com/dentallaw
LinkedIn: linkedin.com/in/roberthmontgomeryiii

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Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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Follow Dentist Exit on Social Media:

Facebook Group for Dentists

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Health Savings Accounts don't often attract as much attention as Backdoor Roth IRA's or other tax savings strategies.

But HSA's can be a valuable piece of a lifetime tax reduction plan with better understanding and better execution of a long-term contribution and distibrution strategies

In this episode Dentists, Puns, & Money, Shawn Terrell shares the 13 Things You Might Not Know About Health Savings Accounts.

Listen to learn more about:

• How to calculate your maximum annual contribution to your HSA, based on your health insurance plan and your age.

• Why HSA's are often referred to as "triple tax advantage" accounts.

• How long someone can wait to reimburse themselves for medical expenses from their HSA.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

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

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

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Hemmen and Associates helps dentists extract maximum value and cash flow from their dental practices.

The owner and president of the dental brokerage, Tom Hemmen, is the guest on this episode of Dentists, Puns, & Money.

Listen to learn more about:

• How far in advance of a dental practice sale should a valuation be completed.

• The benefit of updated dental practice valuations during growth years.

• The benefit of a letter of direction to put a practice on the market quickly in the event of a dentist's change in health.

As a reminder, you can get all the information discussed in today’s conversation by visiting our website dentistexit.com and clicking on the Podcast tab.

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More information about Tom Hemmen:

Hemmen and Associates Website: hemmenassoc.com

Hemmen and Associates Phone: 800-745-1438


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

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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Follow Dentist Exit on Social Media:

Facebook Group for Dentists

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It's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years.

That's often a wise strategy to lower a dentist's lifetime tax bill.

But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age.

If a dentist wants to play the long-term tax game to the best of their ability, it's critical they develop a strategy for RMD's well before they become mandated.

In this episode Dentists, Puns, & Money, Shawn Terrell shares some strategies associated with Required Minimum Distributions.

Listen to learn more about:

• The benefits of planning and formulating RMD strategies.

• The downsides of being reactive instead of proactive with deferred tax accounts.

• How to think about the time window for executing RMD strategies.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

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To download a free copy of the 2023 Tax Reference Guide, click here.

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

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

LinkedIn

Dentists often defer clinical and owner income into a 401(k), Profit Sharing Plan, or IRA during their peak practice years.

That's often a wise strategy to lower a dentist's lifetime tax bill.

But the IRS won't let a dentist avoid that tax bill forever. That's why its implemented something called Required Minimum Distributions beginning at a certain age.

If a dentist wants to play the long-term tax game to the best of their ability, it's critical they understand all the rules associated with RMD's.

In this episode Dentists, Puns, & Money, Shawn Terrell shares the 8 Most Frequently Asked Questions related to Required Minimum Distributions.

Listen to learn more about:

• The age at which RMD's begin.

• How to calculate your RMD.

• The penalty for NOT taking an RMD.

Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.

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

To download a free copy of the 2023 Tax Reference Guide, click here.

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

Dentist Exit Planning Resources:

Website: dentistexit.com

Schedule a Discovery Meeting with Shawn

Sign-Up for Dentist Exit Email Newsletter

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

Follow Dentist Exit on Social Media:

Facebook Group for Dentists

Instagram

LinkedIn