Accumulating Wealth

In 2021, the S&P 500 was at all-time closing highs, 2022 delivered the worst returns since the global financial crisis, and now the bulls are running wild this year. The S&P 500 has seemingly bounced back substantially, but could this actually distract investors from the bigger picture?

LINKS:

cainwatters.com

Submit a Question

Facebook | YouTube

If there's one thing dental practice owners have, it's tenacity for their practice to succeed. And knowing where your averages lie compared to your neighbor down the street is imperative for growth and goal-setting. That's why today's episode goes inside our most comprehensive report of the year, which looks at average overhead, collections, staff salaries, and more for 7 dental specialties of various sizes. Follow along by downloading the new How Does Your Practice Compare? Report, at cainwatters.com/hdypc.

LINKS:

How Does Your Practice Compare? Report

cainwatters.com

Submit a Question

Facebook | YouTube

ChatGPT has undoubtedly taken the world by storm, but it's no match for super CPAs like Hunter and Judson. And while we certainly can't predict the future, we can prepare for it. Total household debt hit a record high at $17 trillion, and credit card debt delinquency rose to 4.5%, and those things can hit practice owners right where it hurts: collections.

And finally, the IRS has dropped the 2024 HSA contribution limits, and the guys remind you of this vehicle's often-overlooked investment and tax planning benefits.

LINKS:

cainwatters.com

Submit a Question

Facebook | YouTube

This episode is jam-packed with topics surrounding IRS AI bots, whether cash investments in a recession are an avenue for you, and those looming repayments on student loans. But first, did you know that $600 billion in taxes will go uncollected each year because the IRS needs more people and technology? The guys give their take on all of this and conduct a 5-month practice checklist to analyze your business financials and identify room for improvement.

LINKS:

Orthodontic Comparison Report

Pediatric Comparison Report

cainwatters.com

Submit a Question

Facebook | YouTube

There was an astounding amount of production growth in 2022 for pediatric dental practice owners, and this special edition episode goes beyond the numbers in the NEW Pediatric Practice Comparison Report. With the help of a special guest, the guys are digging into how pediatric dentists' production per chair and per patient took off, where the average overhead remains, and how much they're really willing to spend on staff salaries. Listen and learn how these industry trends go side by side in all specialties.

LINKS:

Pediatric Comparison Report

cainwatters.com

Submit a Question

Facebook | YouTube

Would you believe us if we told you the average American retiree spends an hour grooming daily with the remaining time spent sleeping or leisurely? So, after all those years spent saving for your retirement dream, where does your money actually go? In this new episode, the guys dish on the lifestyle of an average retiree and how time and social security actually impact it. Plus, they evaluate the latest CPI report and if the economy is responding as it should.

LINKS:

cainwatters.com

Submit a Question

Facebook | YouTube

In honor of Tax Day, the guys discuss extensions and explain why if you've already received your tax return this year, it may be looking lower than normal. Lastly, the IRS wrapped up its final entries to the annual Dirty Dozen List, which includes sophisticated schemes targeted toward high-income taxpayers, and the guys are here to recap it all.

LINKS:

View the complete 2023 IRS Dirty Dozen List

cainwatters.com

Submit a Question

Facebook | YouTube

The IRS has released its annual list of the worst of the worst tax scams, and the guys are here to break it down. Some items are new to the list, while others are repeat offenders; either way, the guys urge taxpayers, businesses and tax professionals to watch out for these scams throughout the year, not just tax season.

LINKS:

S&P 500 Chart

cainwatters.com

Submit a Question

Facebook | Youtube

In this special edition episode, the guys explore the NEW Orthodontic Practice Comparison Report in-depth. Tracking 10 years of data, they identify industry trends that go side by side in all specialties. They analyze whether practice collections are growing, review the latest average staff salaries, and detail the sensitivities around raising fees. These different data points provide insight into where the orthodontic industry is heading and ways to use this report in your practice.

Could SVB's breakdown cause a ripple effect that slows down the economy? With tightened market conditions already in place, investors are wondering if cash in the banking system is safe or if it's sending smoke signals for a bank run. The guys are diving into this along with FDIC-insured deposit limits you might want to jot down and the Fed's latest, surprising rate hike.