SP-9 - "If I Sell (or Sold) My Practice, How Can I Avoid Being Fleeced by the IRS?"

Thursday, May 4, 2023

3:15 PM – 5:30 PM CT

Location: E353B (Level 3)

Earn 1.5 CE Credits

Speaker(s)

Rick Schwartz, D.D.S.

Private practice limited to endodontics
Endodontic Consultants of San Antonio, PC
San Antonio, Texas

Disclosure(s): Endo Advisors, LLC: Ownership Interest (stocks, stock options, patent or other intellectual property or other ownership interest excluding diversified mutual funds) (Ongoing); Sonendo Inc.: Thought leaders group (Ongoing)

Slides
Johnne Syverson, CFP, AEP, CAP (he/him/his)

Executive Director
Charitable Giving Resource Center, LLC
West Des Moines, Iowa

Disclosure(s): No financial relationships to disclose

Slides Handouts

Session Host(s)

Gary P. Rejebian, MSJ (he/him/his)

Manager of Major Gifts
AAE Foundation for Endodontics
Chicago, Illinois

Disclosure(s): No financial relationships to disclose

Dr. Rick Schwartz sold his practice to a DSO 3 years ago and has helped many other endodontists with the decision process. He will discuss various scenarios in selling a practice (or remaining in independent private practice) during different stages in life.

Johnne Syverson, a Certified Financial Planner with more than 40 years of experience, will explain strategies to reduce your tax bill, provide lifetime income and pass assets on to your heirs, along with the tax and estate options and implications for each scenario. The information to be presented is not generally in the knowledge base of most financial planners, and can make a huge difference in your financial future. There will be ample time for questions.

Sponsored by the AAE Foundation for Endodontics. This session is intended to be purely educational, providing information about financial strategies of which most professionals are not aware. Its purpose is not to solicit donations to the Foundation.

Learning Objectives:

Understand certain tax liabilities before and after retirement
Gain knowledge of financial and philanthropic vehicles applicable to individual career and life stages
Learn how to apply these tools to your individual situation to reduce tax liability, pass on wealth, and increase retirement income