R. F. Willeford, MBA, CPA/CFP

Raymond F. (Rick) Willeford, MBA, CPA/CFP 600 Houze Way, #D5 Roswell, GA 30076 Phone: (770) 552-8500 Fax: (770) 552-9307 E-mail: rickw@willefordcpa.com

Raymond F. “Rick” Willeford, MBA, CPA/CFP is the Financial and Tax Planning columnist for Dental Economics. Rick is the president of Willeford Haile & Assoc., CPA, PC and Willeford CPA Wealth Advisors, LLC, a Registered Investment Advisory firm. He has specialized in designing financial planning, tax, and transition strategies for dentists for 28 years. His firm provides accounting and tax services for about 150 dentists each month in 23 states—from Atlanta to Albuquerque to Alaska. Rick is the founding president of the Academy of Dental CPAs, an association of 25 firms who provide specialized services to 6,000 dentists nationwide. He teaches financial management at the Medical College of Georgia and the University of North Carolina Dental Schools.

He is the only CPA-member of the American Academy of Dental Practice Administration. He also participates in the national Practice Valuation Study Group, the Speakers and Consultants Network, and the Personal Financial Planning division of the American Institute of CPAs. He is a fee-only Certified Financial Planner with an MBA from Georgia State University and an Electrical Engineering degree from Georgia Tech. He received his CPA while at the international firm of Price Waterhouse & Co.

How To Get Out of Dentistry Alive! (Financial Planning or Financial Fooling?)

Rick can personalize courses from 2 hours to 2 days drawn from the continuum of business courses he offers through his Atlanta Center for Business in Dentistry:

Level 1 Business Fundamentals for the new dentist (Or the older dentist who missed the basics!)

Not everything you can count counts; and not everything that counts can be counted! Einstein

• Find out why overhead is not the problem!·
• What your CPA's financial statements are not telling you.
• Cut the fat but not the muscle. (And how to know the difference.)
• Staff (Expense or investment? A bonus system that works.)
• Find out if you are making a profit. (Or just a working wage.)

Level 2 Advanced Retirement and Tax Planning (For the established dentist.)

• What if your reality check bounces!?!
• Free up more funds with advanced retirement and tax planning.
• Your practice is your financial engine. (Make sure it's ready for the journey.)
• Determine your potential production. (And how to achieve it.)
• Introduction to associateships and practice transitions.
• Build vs. Lease. (A quick formula to help you decide.)

Level 3 Financial Independence (How To Get Started or How To Catch Up!)

You may be on the right track, but if you don't get moving, you'll still get run over! Will Rodgers

• Where are you going? (Are you on the right track?)
• Can you even see the track from where you are?!?
  
• Personal spending. (The third rail of financial planning!)
  
• Find out why they don't call you the Millionaire Next Door!
  
• There's no light at the end of the tunnel. (Bring your own!)

Level 4 Practice Transitions and Associates (For potential partners or the doctor nearing retirement.)

How to keep your foot on first base while stealing second…

• Beyond the numbers. (Maximizing your practice value.)
• Due diligence (Things associates/buyers should ask.)
  
• Practice valuation. (Art, science or black magic?)
  
• Income splitting techniques. (So everyone wins.)
  
• When is the best time to sell your practice. (Perhaps never!?!)