Dentists Who Invest Podcast The Dentist Who Became An IFA with Dr. Mart McClellan DWI-EP254
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Dr. Mart McClellan is President of Macro Wealth Management and Author of the Amazon #1 Bestselling Book “Your Retirement Smile”. His firm also specializes in cryptocurrencies. He can be reached at mart@macro-wealth.com.
Unlock the secrets to overcoming the financial hurdles that plague many dental professionals with guidance from someone who's been in your shoes. Mark McClellan, an orthodontist turned financial advisor, brings his unique expertise to our podcast, providing invaluable insights on marrying dentistry with sound financial planning. His pivot from orthodontics to financial advising wasn't just a career change; it was a mission to arm his peers with the knowledge to navigate the complex world of finance, especially the often-overlooked realm of cryptocurrency investment.
This conversation peels back the layers on why simply hoarding cash can be a silent threat to your financial health, thanks to the twin monsters of inflation and taxation. Mark and I dissect the importance of diversifying income streams, looking beyond the comfortable familiarity of 401k or IRA plans. He makes a compelling case for adding flavors of business ownership and real estate to your portfolio, critiquing the one-size-fits-all advice that many advisors dish out. We also dive into the deep end of cryptocurrencies, challenging the trepidation surrounding digital assets and highlighting the ways they can potentially fortify your financial future.
When it comes to retirement, the fear of outliving your savings looms large. Here, we navigate the tricky waters of safe withdrawal rates, considering how alternative assets like Bitcoin may fit into the picture. Mark's approach emphasizes the flexibility and necessity of annual financial check-ups, ensuring that your plan not only grows with you but reflects your values, including philanthropy. By the end of our chat, you'll be equipped with strategies to outsmart volatility and secure a financial strategy that's as resilient and innovative as your practice.
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Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.