Why is it so important for practice owners to understand specific investment strategies for their portfolio?

This course helps practice owners identify common failures in traditional retirement planning and introduces the unique Econologics philosophy for managing household assets and building substantial retirement wealth.

What will I learn to avoid when planning for retirement as a practice owner?

You will discover methods to avoid outliving your retirement funds and learn about ideal investments specifically suited for practice owners, ensuring a more secure financial future.

5 Investments That Should Be Part of Every Owner's Portfolio

Overview:

Are you confident your retirement plan is on the right track? Most practice owners rely on traditional financial advice that doesn’t account for the unique challenges and opportunities of running a health care practice. This can leave you underprepared for the future a practice owner deserves. A practice owner needs more than a 401k to secure their financial future, yet many have that and the sale of the practice as their main plans for retirement. This webinar will explore 5 investments that should be part of every practice owner’s portfolio.

Learning Objectives:

Identify why traditional retirement planning doesn’t work for practice owners and how to tailor strategies for their unique financial needs.
Understand the importance of viewing the household as a business and how this mindset can enhance financial decision-making.
Develop strategies for using practice revenue to build retirement assets that work outside of the business.
Evaluate the ideal investments for practice owners, including insurance-based products, real estate, and private deals.
Create a comprehensive retirement plan by factoring in the value of the practice, practice building, and other household assets to ensure financial independence in retirement.

Eric Miller, RFC

Eric has served over 20 years in the financial industry and co-owns a national financial planning company dedicated to serving the needs of healthcare owners. He has personally had over 20,000 conversations with practice owners at every phase of ownership. He has published countless articles, videos and podcasts on various financial topics and is an expert on matters concerning creating economic independence for a practice owner’s business and household. He has recently published a book “How To Become a Financial Beast” which quickly became a bestseller on Amazon.

Moderator: Cody Goldstein

Cody Goldstein has firsthand working knowledge of the challenges healthcare practice ownership can bring. With more than 14 years’ experience in business administration and having spent two of those years successfully running a 7-figure clinic in Maryland. He moved back to Florida and joined Econologics Financial Advisors shortly after the pandemic and since has had hundreds of conversations with practice owners at every phase of ownership. Cody’s well-rounded knowledge equips him to provide productive introductory consultations with prospective clients to help them navigate the relationship between practice and personal finances through the indoctrination of proper financial planning and education.

This course is RACE-approved for 0.5 continuing education credits hours in jurisdictions that accept RACE-approval.

This activity is sponsored by Econologics.

5 Investments That Should Be Part of Every Owner's Portfolio

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