CMP Financial Planning

3 Great Tips for Retaining Staff in Your Dental Office by Christina Povenmire

By Barry Jamieson One of the more difficult tasks in establishing your special needs financial plan is estimating expenses of your adult child after he or she begins living independently from you. Much of the difficulty is the result of the uncertainty of not knowing precisely what kind of support will be needed when your…

Creating a special needs financial plan involves putting together two plans: one for the parent and one for the child with a disability. Because the combined financial plans take into account the needs and goals of both the parents and the adult child with a disability there is additional complexity in producing an overall projection…

By Barry Jamieson Planning for the Housing Needs of Your Child With a Disability The current and future housing needs of a child with a disability are of particular concern to special needs families and are a critical part of any special needs plan. Families want to know that the physical needs of their child…

By Barry Jamieson, CFP®, MA There are many dimensions to a family’s special needs plan. Past articles in the Disability Insights series have focused on estate and financial planning topics; however, as families well know, the daily considerations and routines of the child with a disability are also a key component of the special needs…

by Christina Povenmire CFP®, MBA and Barry Jamieson, CFP®, MA What a difference a few months make! Over the past month it seems like every day comes with considerable market gyrations. Indeed, the VIX index, a key measure of stock market volatility, is up over twice the moving average level of last year, while major…

By Barry Jamieson, CFP®, MA Ok, so you have established a Special Needs Trust (SNT) or you have plans to do so. You have been thinking about what assets will be used to fund the trust. Those plans include designating some of your 401K and IRA retirement funds to the trust, because much of your…

By Christina Povenmire, CFP ®and Barry Jamieson,CFP® Source: William Vasil, CPA, Ary Roepcke Mulchaey, P.C. and ADA News bulletin The recently passed tax bill contains a number of provisions which will help dentists and small businesses save tax dollars. Each of these provisions outlined below are effective for 2018. “ Improving Section 179 Deductions. The…

The good news is that sponsoring a retirement plan for the practice not only benefits staff, but it benefits the dentist/owner even more.  Dentists are concerned about being able to save enough for retirement. Our latest survey of Ohio dentists indicated that 43% of dentists were concerned that they were not saving enough for retirement (download ebook…

According to our survey of Ohio-based dental practitioners, dentists are stressed about their finances. Consider that of the 42 Ohio-area dentists we surveyed: 47% of dentists working with a financial planner cited being stressed about growing their practice compared to 70% of those who didn’t utilize financial professionals. 38% of dentists who worked with a…