Articles
Rolling net worth versus conventional retirement planning - a possible time bomb for the dental profession
By Martin Haines
Some years ago, I think around twenty, a financial adviser called Paul Etheridge devised a clever computer program that could plot the progress of various assets owned by clients throughout life and into retirement. It became known within the financial planning industry as a “rolling net worth” calculation. To give a very basic example if a client owns a large house and decides that on retirement he or she will place say 50% of the value into their retirement pot that amount of money is then recorded in the software and earmarked for retirement planning. The software will then pickup that figure and project it forward either as a capital amount or potential income into retirement. The visual graphic section of the report presented to the client will now show a green ascending graph reassuring them that they will not run out of cash into retirement. I believe it is important to explore the above concept and consider that there may be a future problem here.
Pensions – to invest or not to invest – that is the question?
By Martin Haines
I noticed an article published recently inferring that many dentists are over funding their pensions, it went on to suggest that other forms of investment i.e. ISA’s, Investment Trusts, etc, are perfectly good alternatives to provide for your retirement. Let’s stop for a moment and think about that. Excuses to stop funding pensions are useful to some people because they think they are unable to afford them or don’t believe in them, but those of us who don’t want to take unnecessary risks with our retirement income should beware.
Effects of the recession on the dental profession
By Martin Haines
I was having a conversation recently with an acquaintance about the likely effects of the current recession on the dental profession as a whole. That lead on to a discussion as to which practice we considered might be more at risk in the current climate and then what actions could be taken by all of us to ensure that we minimise the downside in an extremely difficult year, possibly the worst the world economies have know since the 1930’s.
DFA launch ‘new look’ website
By Martin Haines
Welcome to our ‘new look’ website designed to give you information about our range of financial advisory services exclusively for the dental sector. We hope you enjoy browsing through our website and welcome any feedback/comments that you may have.
