Dr. Charles H. Dingman Financial Advisor
4810 Victory St.
Bozeman, MT 59718
Phone:
(406) 624-6465
E-mail:
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Welcome to Dingman Wealth Strategies
We are an independent, retirement-specific firm that helps people about to retire with a individual retirement planning strategy- VALUES BASED FINANCIAL PLANNING. What is that?We develop a Financial Roadmap based on your values and goals for retirement. Using your unique values and goals we help you develop a complete Roadmap for your financial future. We then use planning tools to test your retirement plan before it is put into place. No two clients are alike and we believe that your plan should be customized for you. We look at key planning areas: Cash Reserves, Debt, Growth/Income Assets and Insurance.
We will create a Financial Roadmap plan that is unique to you.
The One Question You Should Be Asking In Retirement
As a retiree or pre-retiree you've worked diligently to build your life savings. Now's the time to ask the No. 1 question every retiree should be asking:
Real World Case Study
$1.2 Million in Tax Savings
Professional Practice Expansion and Financial Optimization
Client Overview:
A professional practice with four doctors expanded its business from $3.25 million in gross revenue to nearly $6 million in just one year.
Challenge:
The rapid growth of the practice required a comprehensive review of their CPA and accounting services to ensure financial efficiency. Additionally, a review of their federal student loans, group medical plan, and retirement planning was necessary to further optimize their finances.
Solution:
We conducted a thorough analysis of the practice’s financials, leading to a revision of their CPA and accounting strategies. This resulted in $1.2 million in tax savings, including a $600,000 loss carry-forward that had been missed by their previous CPA firm. We also identified an additional $600,000 in tax savings.
Furthermore, we reviewed the doctors’ federal student loans, eliminating $3,000 per month in debt payments for each doctor for the next 20 years. We also performed a detailed review of their group medical plan, optimizing coverage and costs for the practice. Finally, we set up a retirement plan to help secure their financial future.
Outcome:
The practice not only optimized its tax situation but also significantly reduced its student loan obligations, allowing for greater financial flexibility. The doctors now have a solid retirement plan in place, an optimized group medical plan, and enhanced financial security.