Financially Tough!

Financially Tough! is a unique, practical guide for organizing your financial life, and is written by the author of Amazing Secrets Of Financial Freedom! It contains 300 pages of solid, ready-to-use tips and secrets on everything from buying wholesale to saving for your children`s college education. Dr. MacKnight shows how to build financial independence without sacrificing your lifestyle. There are chapters on reducing your personal overhead, slashing your taxes, money-saving tips, and how to r

May 1st, 1997

Financially Tough! is a unique, practical guide for organizing your financial life, and is written by the author of Amazing Secrets Of Financial Freedom! It contains 300 pages of solid, ready-to-use tips and secrets on everything from buying wholesale to saving for your children`s college education. Dr. MacKnight shows how to build financial independence without sacrificing your lifestyle. There are chapters on reducing your personal overhead, slashing your taxes, money-saving tips, and how to retire on a six-figure income. For details, call (800) 548-1561.

DAVID L. MACKNIGHT, DDS

More in Money

The truth about dental student loans

Protect your family with a letter of last instruction

Dreamstime L 120644263

How to create wealth by owning your office location and other real estate

Many dentists wonder whether owning their office space or building will help them or hurt them financially. In the area of increasing wealth, owning real estate is a strong investment. Find out if it’s something you should consider.

The dental lease

Leases contain many traps for unwary dentists. The good news is that a landlord may be flexible. Dentists are advised to work with the right team of advisors who understand the local climate and the intricacies of dental leases.

Demystifying the ‘14-day rent rule’

Learn about the documentation and legitimacy of the business rental income of a doctor’s personal residence under IRC 280A(g), or “14-day rent rule.”

Is your cash balance plan invested properly?

It’s important for dentists, as small business owners, to make wise investments for themselves and their employees. That’s hard to do in today’s market. Cash balance plans are a popular option. Is yours being handled properly?

Update: Regulations significantly tighten the new 20% pass-through deduction

All dentists want to make the most of their earnings. But taxes are confusing. Who better to explain the ins and outs of taxes than two tax experts who work closely with dentists. Here’s the latest on the changes to the 20% pass-through deduction.

Your top 2% income status provides a false sense of financial security

Dentists, take heed: lofty income this year will not result in a prosperous financial lifetime unless goals are set, you craft strategies to reach those goals, and your plan is implemented.

Get your estate together so your family doesn’t have to

It’s not as complicated as many people believe, and it’s not something that’s just for the “ultrawealthy.” Estate planning will make life much easier for your loved ones in the event of your untimely death. Finding someone to guide you through at least some of the basic steps is a good start.

The case for Roth contributions

With the new tax law, here are five smart ways dentists can participate in Roth contributions: Roth 401(k), Roth IRA, backdoor Roth IRA, mega backdoor Roth, and Roth conversion.