Elements®
Comprehensive Financial Planning

Elements® is a periodic table with 12 key indicators of financial health. This proprietary methodology is driven by industry-leading technology and gives our advisors a full view of your financial profile so they can make calculated decisions to optimize your growth.

Each block in the Elements® table gives a numerical answer to an important question about your financial stability. Included with every calculation is a benchmark statistic to show how your performance compares to a large sample of other dentists.


Explore the Elements®

To learn how the Elements® function, click on one of the four main questions answered by the table or select an individual block for further explanation.

Elements® Related Resources

Explore educational content related to each Element in our periodic table of financial indicators

3 Critical Ingredients for Your Decision Making Recipe – Episode 156

Learn how to take your decision making beyond pros and cons. You hear it at the beginning of every show: “We...

What Dentists Want to Know — Listener Q&A #7 – Episode 144

You’ve seen the headlines: “Bull Market!” Or, “A Bear is lurking!” What do these two terms really mean for your...

Are You Paying for Generic Advice You Could Get for Free? – Episode 134

It’s time for Reese to take the hot seat as we switch things up a bit for this episode of...

What is Elements® Comprehensive Financial Planning?

Learn about the Elements® periodic table of financial indicators and see how twelve simple calculations can be used to help...

Video 2: How Much Wealth Do You Need to Make Work Optional?

See how to calculate your progress toward financial independence using an Element called Total Term

How Dentist Advisors Delivers Comprehensive Planning

See how Dentist Advisors delivers comprehensive financial planning using a proprietary system to measure key indicators of financial health

This is Why Dentists Spend Too Much Money – Episode 95

Do you wonder how your current lifestyle choices will affect your ability to retire comfortably? In this episode of Dentist...

3 Similarities Between Top-Tier Dentists and World Class Athletes – Episode 88

Is your financial plan ready to go the distance? Have you eliminated all the distractions so you can focus on...

One Trait Wealthy Dentists Adopt Early in their Careers – Episode 85

The world’s greatest inventors, most accomplished musicians, and best athletes often attribute their success to persistence. It’s the same trait...

The Numbers Dentists Need to Know to Retire Better – Episode 82

When will you have enough money to make work optional? Are you building the right mix of assets? Is your...

There’s Only One Number You Need to Predict Your Retirement

How much wealth do I need to make work optional? This straightforward question is usually met with a variety of...

Why Dentists Retire 6 Years Later Than the Average American – Episode 80

How is it possible that the average dentists retires later than the average American? Income can’t be the reason —...

Er [Equity Rate]

Helps us determine whether the client will experience too much volatility risk for their personal level of spending and age.

EQUITY INVESTMENTS


TOTAL INVESTMENTS

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Six Keys to Powerful Investment Portfolios – Episode 55

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Pr [Profitability Rate]

Measures how much money the practice owner keeps as a percentage of collections. This serves as an important indicator of business efficiency.

TOTAL PRACTICE-
RELATED INCOME


TOTAL COLLECTIONS

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Dentist Money: The Profitability Killer – Episode 8

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Ir [Insurance Rate]

Measures how much insurance a person has compared to how much they need based on annual spending and net worth. Coverage is evaluated for the following types of insurance: life, general disability, business overhead disability, buy-sell, key person, personal liability, and business liability.

INSURANCE
COVERAGE HELD


INSURANCE
COVERAGE REQUIRED

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How to Bullet Proof Yourself Against Litigation – Episode 18

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Sr [Savings Rate]

Indicates how much of a person’s income is being put away for future expenses, emergencies, and retirement.

ANNUAL SAVINGS


TOTAL
PERSONAL INCOME

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The Hidden Costs that Delay a Dentist’s Retirement – Episode 61

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Br [Burn Rate]

Helps us understand a client’s spending patterns and retirement preparedness.

ANNUAL PERSONAL
SPENDING


TOTAL PERSONAL
INCOME

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This is Why Dentists Spend Too Much Money – Episode 95

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Dr [Debt Rate]

Indicates whether a person is servicing too much or too little debt for their individual circumstances.

ANNUAL DEBT
PAYMENTS


TOTAL PERSONAL
INCOME

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How Fast Should You Pay Off Your Loans? – Episode 102

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Tr [Tax Rate]

Indicates whether tax liability could be reduced with better tax planning.

ANNUAL TOTAL TAXES


TOTAL PERSONAL
INCOME

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Dentist Money: Do You Have a Tax Strategy? – Episode 10

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Lt [Liquid Term]

Estimates the number of years a person could live on his/her cash or cash-like assets outside of a retirement plan. Lt also indicates the amount of after-tax money an individual can access if needed.

TOTAL LIQUID ASSETS


ANNUAL PERSONAL
SPENDING

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How Much Money Should You Keep in Your Bank Account? – Episode 17

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Qt [Qualified Term]

Estimates the number of years a dentist could live on the assets he/she has within qualified retirement plans (401k, IRA, etc.).

RETIREMENT ACCOUNTS


ANNUAL PERSONAL
SPENDING

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Everything You Need to Know About Retirement Plans – Episode 53

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Pt [Practice Term]

Estimates the number of years a person could live on his/her current practice equity. It also indicates how much of a person’s wealth is concentrated in the practice.

TOTAL PRACTICE EQUITY


ANNUAL PERSONAL
SPENDING

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How to Stop Your Practice from Bossing You Around – Episode 92

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Rt [Real Estate Term]

Estimates the number of years a person could live on his/her current real estate equity. It also indicates how much of a person’s wealth is concentrated in real estate.

TOTAL REAL
ESTATE EQUITY


ANNUAL PERSONAL
SPENDING

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The Truth About Real Estate Ownership – Episode 60

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Tt [Total Term]

Estimates the number of years a person could live on his or her current assets if they did not grow. This includes cash, investments, practice value, and real estate equity.

NET WORTH


ANNUAL PERSONAL
SPENDING

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How Successful Dentists Track Financial Progress – Episode 64

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How much wealth do I need to make work optional?

Tt (Total Term) is the crown jewel of the Elements® table because it indicates how long you could live on your current wealth if it did not grow. In other words, it provides a conservative estimate of how many years you could survive if you stopped working today. Tt is calculated by dividing net worth by annual personal spending. It is also a summation of the four blocks to its left which represent each asset type: Rt (Real Estate Term), Pt (Practice Term), Qt (Qualified Term), Lt (Liquid Term).

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There's Only One Number You Need to Predict Your Retirement

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Do I have the right mix of assets?

The four blocks to the left of Tt (Total Term) estimate how long you could live on your liquid assets, qualified retirement plans, practice equity, and real estate equity respectively. These represent the four asset types in a dentist’s portfolio, and when added together, they create your Tt. These four blocks also provide a clear view of your asset distribution to help you and your advisor understand if there’s an opportunity for better diversification.

Podcast #82
The Numbers Dentists Need to Know to Retire Better

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Am I using my income wisely?

The second row of the Elements® table calculates the percentage of your total income that goes toward savings (Savings Rate), spending (Burn Rate), Debt (Debt Rate), and Taxes (Tax Rate). These are the only four places your income can go and it’s important to keep them optimized to accelerate growth.

Podcast #95
This is Why Dentists Spend Too Much Money

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Am I taking the right amount of risk?

The top row of Elements® contains Er (Equity Rate), Pr (Profitability Rate), and Ir (Insurance Rate). These ratios indicate risk levels within your investment portfolio, business, and insurance profile respectively. The amount of risk you should take in each area will depend on a number of factors including your tolerance for risk, career phase, liquidity, and financial goals.

Podcast
How Much Insurance Does a Dentist Need? – Episode #100

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