1099-A, 1099-B, 1099-C. It seems there is a 1099 Form for every letter of the alphabet, and it’s time to take the hassle out of it all. Being a business owner means you likely have questions on the various 1099s needed not only for your business and staff but also for your vendors. The guys sort the forms you likely need to keep your business on track. If you register for the CWA Annual Meeting during the month of October using promo code WEALTH , you’ll receive $100 off the registration price. ...
Oct 17, 2023•24 min•Ep. 151
Unlike poker, you don’t have to be all in or nothing when deciding if converting a traditional IRA to a Roth IRA is in the cards for you. The most important thing to do is weigh the tax implications, and the guys are ready to lay it all on the table. And while on the topic of Roth, the new 529 Plan distribution rule allows unused 529 Plans to be transferred to a beneficiary's retirement account without taxes or penalties. But what are the caveats? Find out in this week’s episode. LINKS: Saving f...
Oct 10, 2023•24 min•Ep. 150
The Fed is always deemed ‘hawkish,’ but when was the last time you heard the Fed acting ‘dovish?’ The recent Fed meeting kept rates as-is, but they continue to walk a narrow path of doing too much or too little, leaving the economy and its players anxiously awaiting the next move. The guys elaborate on what this means for accounts payable and spending. They also discuss shopping for homeowner insurance and the average total assets by household. If you register for the CWA Annual Meeting during t...
Oct 03, 2023•27 min•Ep. 149
Today’s interest rate environment looks to be here to stay. With home affordability emerging as a significant issue for many Americans, many consumers are putting their plans of buying, selling, or upgrading a house on the back burner. The guys are here to quantify this impact and give you real-world scenarios to help you decide what’s best for your situation. If you register for the CWA Annual Meeting during the month of October using promo code WEALTH, you’ll receive $100 off registration pric...
Sep 26, 2023•22 min•Ep. 148
If you extended your tax return, this means the October 16 deadline is approaching, and the questions from clients are flooding in. And while a tax extension allows for extra time to gather and file paperwork, it’s not an extension of time to pay. You might also be wondering what you can and cannot deduct, the chances of an audit, updated tax laws, and more. Here's your chance to listen to the guys answer the most common tax questions they get right around this time of year. LINKS: IRS Pauses Ne...
Sep 19, 2023•29 min•Ep. 147
Some say history repeats, but is that what the Fed is doing? In this episode, we walk down memory lane into the 70s when the Fed eased up on interest rates too quickly, how that wreaked havoc on the economy, and what the lessons learned were. And while NVIDIA has made headlines, special guest Brad Sanders joins Hunter to review why technology stocks soared this year, which is not what we’ve seen historically in volatile markets. LINKS: cainwatters.com Submit a Question Facebook | YouTube...
Sep 12, 2023•26 min•Ep. 146
This week, things sound a little different! Host Hunter Satterfield was recently featured on NDP's Transition Talk , where he discussed data trends and offered solutions to dental owner's top concerns. He gets into the nitty gritty of acknowledging dentists' issues, yet how to look at inflation as an opportunity for your top line. LINKS: How Does Your Practice Compare? Report cainwatters.com Submit a Question Facebook | YouTube...
Sep 05, 2023•30 min•Ep. 145
Dentists in Memphis, this one's for you! Not really. In this episode, the guys compare how wealth stacks up depending on your state and where you might want to move to get the most bang for your buck long-term. And speaking of long-term, they discuss the average rate of return for a Vanguard 401(k) balance compared to the S&P 500 over the years. LINKS: Bloomberg Are You Rich? Vanguard Institutional How America Saves Report 2023 cainwatters.com Submit a Question Facebook | YouTube...
Aug 29, 2023•23 min•Ep. 144
Americans have shown resilience these last few years. Despite record-high inflation and a rocky economic climate, the How America Saves Report 2023 reveals that people have navigated the landscape better than expected. Over 25% of Americans contributed more than 10% of their income to their retirement savings. But what's the median savings rate? The guys dive into this number and detail other record highs in Americans' savings, so sit back and listen because you might be in for a surprise. LINKS...
Aug 22, 2023•22 min•Ep. 143
Tapping into your full hygiene potential could make all the difference on your bottom line. In fact, a practice with a couple of full-time hygienists could see upwards of 33-35% production from hygiene alone. Bringing 20+ years of hygiene and practice administrator experience to the show, CEO & Founder of Inspired Hygiene Rachel Wall details how her team helps dental practices get the entire team on the same page to elevate the hygiene department, its services, systems, and ultimately profit...
Aug 15, 2023•25 min•Ep. 142
Sometimes, insurance can seem like more trouble than it's worth. Is there a breaking point where dentists need to stop trying to negotiate and just move on? And where do you even begin? Closing out this series on insurance, the guys sit down with Dr. John Carson, who shares his experience with dropping an insurance plan that 50% of his patient base was on. LINKS: Guest Dr. John Carson cainwatters.com Submit a Question Facebook | YouTube...
Aug 08, 2023•21 min•Ep. 141
To negotiate or not to negotiate. There are many what-ifs to consider when negotiating insurance plans, from breaking the news to your patients to protecting your fees. That’s why we brought in Ben Tuinei, who makes it his everyday mission to help dentists negotiate better payment terms for insurance plans so that insurance isn’t driving daily decisions for your practice. LINKS: Veritas Dental Resources cainwatters.com Submit a Question Facebook | YouTube...
Aug 02, 2023•27 min•Ep. 140
When it comes to what insurance your dental practice accepts, this is often a massive decision that must consider the demographics of patients in your area. The plans you accept can either help attract new patients or cost you others. Not to mention, most doctors avoid looking at insurance's impact on the practice, so this week, the guys break down the criteria on what practice owners should examine in terms of reimbursements and the insurance offerings of your practice. LINKS: cainwatters.com S...
Jul 25, 2023•21 min•Ep. 139
You've heard time and time again that the Secure Act 2.0 brought major reform to longstanding retirement planning, and with the help of a special guest, the guys will tie a bow on this miniseries. This week, they're also discussing a valuable vehicle for college savings, new challenges with estate planning, and the new required minimum distribution age extension and penalties. LINKS: cainwatters.com Submit a Question Facebook | YouTube...
Jul 18, 2023•20 min•Ep. 138
Would you like ketchup with that? The Secure Act 2.0 pours on the opportunities to increase Americans' financial readiness for retirement, and with that comes higher catch-up contributions indexed for inflation. For high-income earners, even bigger changes with a new “ rothification" rule. Adding to the list, SIMPLE and SEP IRAs have new Roth options available, and the guys are here to clarify it all. Lastly, have you heard of lost 401(k) accounts? The guys are here to hunt them down with you in...
Jul 12, 2023•20 min•Ep. 137
If someone mentioned that the Setting Every Community Up for Retirement Enhancement (SECURE) Act could help your business, it might sound like just another ridiculous sales pitch. However, this piece of legislation is here to stay. With the help of a special guest, the guys discuss how its provisions aren't just for individuals seeking to boost their nest eggs and actually contain many changes for business owners. Tune into the episode to learn how the provisions are designed to increase savings...
Jul 04, 2023•28 min•Ep. 136
For the guys, Beyonce, Fed rate hikes, tax refunds, and college savings are all on the list of topics this week. When it comes to saving for tomorrow and the next 25 years, it can be tricky to know which account deserves your undivided attention. The guys dish on which accounts need a little extra love to fuel the future you’ve dreamed of. And when it comes to the tax refund you’re waiting to get back, the guys discuss the steps you can take to make that extra money work for you. LINKS: cainwatt...
Jun 27, 2023•16 min•Ep. 135
Shopping for a house in today’s high-interest environment seems like a competitive sport, and you’re not alone. Many housing factors are sounding the alarm, but the guy’s thoughts on whether to buy now may surprise you. To close out the episode, they also expand on employees working out of state and whether IndexGPT, the A.I. stock picker, could be the next trend or fad. LINKS: cainwatters.com Submit a Question Facebook | YouTube...
Jun 20, 2023•22 min•Ep. 134
In 2021, the S&P 500 was at all-time closing highs, 2022 delivered the worst returns since the global financial crisis, and now the bulls are running wild this year. The S&P 500 has seemingly bounced back substantially, but could this actually distract investors from the bigger picture? LINKS: cainwatters.com Submit a Question Facebook | YouTube...
Jun 13, 2023•22 min•Ep. 133
If there’s one thing dental practice owners have, it’s tenacity for their practice to succeed. And knowing where your averages lie compared to your neighbor down the street is imperative for growth and goal-setting. That’s why today’s episode goes inside our most comprehensive report of the year, which looks at average overhead, collections, staff salaries, and more for 7 dental specialties of various sizes. Follow along by downloading the new How Does Your Practice Compare? Report, at cainwatte...
Jun 05, 2023•24 min•Ep. 132
ChatGPT has undoubtedly taken the world by storm, but it's no match for super CPAs like Hunter and Judson. And while we certainly can't predict the future, we can prepare for it. Total household debt hit a record high at $17 trillion, and credit card debt delinquency rose to 4.5%, and those things can hit practice owners right where it hurts: collections. And finally, the IRS has dropped the 2024 HSA contribution limits, and the guys remind you of this vehicle's often-overlooked investment and t...
May 23, 2023•20 min•Ep. 131
This episode is jam-packed with topics surrounding IRS AI bots, whether cash investments in a recession are an avenue for you, and those looming repayments on student loans. But first, did you know that $600 billion in taxes will go uncollected each year because the IRS needs more people and technology? The guys give their take on all of this and conduct a 5-month practice checklist to analyze your business financials and identify room for improvement. LINKS: Orthodontic Comparison Report Pediat...
May 10, 2023•21 min•Ep. 130
There was an astounding amount of production growth in 2022 for pediatric dental practice owners, and this special edition episode goes beyond the numbers in the NEW Pediatric Practice Comparison Report . With the help of a special guest, the guys are digging into how pediatric dentists' production per chair and per patient took off, where the average overhead remains, and how much they're really willing to spend on staff salaries. Listen and learn how these industry trends go side by side in al...
May 01, 2023•21 min•Ep. 129
Would you believe us if we told you the average American retiree spends an hour grooming daily with the remaining time spent sleeping or leisurely? So, after all those years spent saving for your retirement dream, where does your money actually go? In this new episode, the guys dish on the lifestyle of an average retiree and how time and social security actually impact it. Plus, they evaluate the latest CPI report and if the economy is responding as it should. LINKS: cainwatters.com Submit a Que...
Apr 25, 2023•21 min•Ep. 128
In honor of Tax Day, the guys discuss extensions and explain why if you’ve already received your tax return this year, it may be looking lower than normal. Lastly, the IRS wrapped up its final entries to the annual Dirty Dozen List, which includes sophisticated schemes targeted toward high-income taxpayers, and the guys are here to recap it all. LINKS: View the complete 2023 IRS Dirty Dozen List cainwatters.com Submit a Question Facebook | YouTube...
Apr 18, 2023•22 min•Ep. 127
The IRS has released its annual list of the worst of the worst tax scams, and the guys are here to break it down. Some items are new to the list, while others are repeat offenders; either way, the guys urge taxpayers, businesses and tax professionals to watch out for these scams throughout the year, not just tax season. LINKS: S&P 500 Chart cainwatters.com Submit a Question Facebook | Youtube...
Apr 11, 2023•23 min•Ep. 126
In this special edition episode, the guys explore the NEW Orthodontic Practice Comparison Report in-depth. Tracking 10 years of data, they identify industry trends that go side by side in all specialties. They analyze whether practice collections are growing, review the latest average staff salaries, and detail the sensitivities around raising fees. These different data points provide insight into where the orthodontic industry is heading and ways to use this report in your practice....
Apr 03, 2023•35 min•Ep. 125
Could SVB’s breakdown cause a ripple effect that slows down the economy? With tightened market conditions already in place, investors are wondering if cash in the banking system is safe or if it’s sending smoke signals for a bank run. The guys are diving into this along with FDIC-insured deposit limits you might want to jot down and the Fed’s latest, surprising rate hike.
Mar 28, 2023•23 min•Ep. 124
In this episode, the guys are unleashing all that’s been on their minds lately regarding the financial markets. They discuss how Silicon Valley's latest bank crisis is rattling America's largest banks and spooking investors. Plus, their favorite Ponzi schemes and how not to fall victim to "liquidity traps" like this during volatile economic times.
Mar 22, 2023•19 min•Ep. 123
This special episode was filmed at the 31st Annual Meeting with business owners in attendance. It is centered around the million-dollar question every practice owner likely has, “what is my practice worth?” And while that answer is multifaceted, NDP Partners Christy Ratcliff and Charles Loretto join in to offer their perspective on trends they’re seeing throughout thousands of practice valuations and the criteria needed to build up the value of your practice....
Mar 15, 2023•30 min•Ep. 122
