Gabriel Hofmann hosts Tim McNeely to discuss financial choices and exit planning for dental practices. They clarify the difference between practice exit and wealth harvesting and stress aligning goals for success. Key signs of unpreparedness and strategies for efficient exit plans are covered. The episode includes a tactical tip on tax-efficient retirement planning and ensuring a legacy post-exit. It also addresses planning beyond the practice, focusing on identity, future, and emotional burnout in valuation. Tim shares insights from his work and upcoming book, emphasizing networking for value creation. The episode wraps up with final thoughts on efficiency and Tim's contact information. Enjoy and thanks for listening. If we can help you or you're interested in anything you hear, reach The Dental Efficiency Guy or Tim McNeely, or drop a comment below where you watch.

(0:00) Introduction and Guest Introduction: Tim McNeely

(1:29) Combining Financial Choices and Exit Planning

(3:34) Understanding Practice Exit vs. Wealth Harvesting

(5:45) Aligning Goals for Practice Success

(8:22) Signs You're Not Ready to Exit

(11:06) Incorporating Efficiency into Your Exit Strategy

(13:30) Tactical Tip: Tax-Efficient Retirement Planning

(19:50) Ensuring a Legacy Post-Exit

(22:18) Planning Beyond the Practice: Identity and Future

(25:11) Addressing Emotional Burnout in Valuation and Strategy

(27:27) Tim McNeely's Client Work and Upcoming Book

(30:29) Networking for Value Creation

(32:57) Final Thoughts on Efficiency and Contact Information

(35:00) Closing Remarks