How the Next President Could Affect Your Dental Career

Will the results of this November’s presidential election change your retirement plans?

Well, Hy Smith thinks they might. He’s a managing partner of ADS Florida, a group that helps dentists manage their dental practices and develop exit strategies.

“Post election, there is a distinct possibility that the capital gains rate will increase, which could create a significant increase in the seller’s tax burden,” said Smith. “That would be a reason to sell this year over next.”

Smith acknowledges a slowdown in sales of dental practices. “While we can certainly understand why the current climate is less appealing than selling five years ago, things may not be as bad as they seem,” he said. “It’s a good time to be prepared to sell, even if it’s not for another year or so. As factors change, practice owners want to be able to make a move expeditiously.”

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