Reducing your tax bite: Tax-advantaged strategies for dentists.

This article from Dental Economics discusses tax-advantaged strategies for dentists to reduce their tax burden. It emphasizes the importance of effective tax planning in addition to investment returns. The article suggests seven strategies for dentists to consider, including investing efficiently, maximizing contributions to retirement plans and health savings accounts, utilizing backdoor Roth IRA contributions, maximizing contributions to college savings plans, making charitable contributions, capitalizing on deductions, and establishing a cash balance pension plan. The article advises dentists to consult with qualified professionals to navigate the complexities of tax planning and maximize their tax-savings potential. [Extracted from the article]