For the safety of our clients and staff, please do not visit our offices at this time. All meetings are being held by phone or video call. Please visit our COVID-19 Resource page for articles to help individuals and practice owners.
Upcoming Free Webinars
Doing Your Financial Due Diligence
Andrew Schwartz, CPA
Recorded December 30
Presented by Andrew Schwartz, CPA
When presented with an opportunity to purchase a practice, a dentist can be overwhelmed trying to evaluate the volume of practice data available to determine whether to move forward with the purchase. In this presentation, we will help you better understand what it means to “Do Your Financial Due Diligence”. You will learn how to evaluate financial data in several practice management areas, such as Collections & Overhead, Productivity, Staff Compensation, Standard Fee Schedule, and Projected “After-Tax, After Debt-Service Cash Flow”.
We will discuss practice management averages, metrics and benchmarks common to practices in the area. We will review real world examples of how this information can be utilized as part of the Due Diligence process and help put the practice opportunity into perspective compared to other practices. This course is also valuable for Sellers so they can learn which aspects of their practices the Buyers will be evaluating when the time to sell their practices arrives.
Investment Vision for 2021
Wednesday, January 13, 2021 from 12 noon – 1 pm
Presented by Alex Oliver, CFP, CRPS, Investment Advisor, First National Corporation
What does the climate look like for investing in 2021? After 2020’s rollercoaster, we all can use some advice on how to plan and navigate 2021. Join Alex Oliver, Wealth Manager at First National Corporation, as he discusses the outlook for investing in 2021. Alex will offer sound planning strategies for you to pursue so you can be confident.
The State of Socially Responsible Investments
Wednesday, February 3, 2021 from 12 noon – 1 pm
Presented by Alex Oliver, CFP, CRPS, Investment Advisor, First National Corporation
There has been an increasingly significant level of interest from investors that wish to invest in companies that they deem to be socially responsible. While definitions can vary, we typically categorize a socially responsible company as one that limits its impact on climate change, has both gender and ethnic diversity, avoids using child labor or substandard labor conditions, and fairly treats its employees and customers.
With interest rising, low-cost investments and thorough evaluation techniques have popped up to help an investor take a more active stance with their investments. Tune in to learn how you can appropriately utilize your nest egg to achieve your social goals while simultaneously achieving your financial goals.
Budgeting for Primary and Vacation Homes in a Balanced Financial Plan
Wednesday, March 10, 2021 from 12 noon – 1 pm
Presented by Alex Oliver, CFP, CRPS, Investment Advisor, First National Corporation
The COVID-19 pandemic led to a red-hot suburban and rural real estate market, as city dwellers looked to flee pavement for outdoor privacy. With the work from home movement here to stay, many are evaluating whether to move their primary residence to a less expensive area. Coinciding with this were the vacation property purchasers who needed to deploy their unspent travel budgets.
In this webinar, we will take a look at how personal real estate can be used in your financial plan. While many may stay within their children’s school districts for the time being, there may be some ways to use their home equity as a retirement asset once their children go off to college. Others will need to evaluate just how much they might use a second property versus using AirBnb to flexibly travel. By seeing the long-term effects in this webinar, we hope to spark an active discussion within your family that will help to achieve your financial goals.
Looking for Past Webinars?
We’ve made their recordings available on our site and on our YouTube channel.
The First Million is the Hardest: How Envisioning the Long Term Helps You Today
Wednesday, April 7, 2021 from 12 noon – 1 pm
Presented by Alex Oliver, CFP, CRPS, Investment Advisor, First National Corporation
The beauty of compound interest lies in the math behind what a 6% rate of return earns you when your investments grow from $100,000 ($6,000) to $1 million ($60,000) to $5 million ($300,000). This is why it could take you 10-15 years to reach that first million, but thereafter, each subsequent million will take much less time: conceivably as low as 1-2 years.
By knowing this fact and making projections based on your current savings rate, you can more comfortably “live now” by knowing where you stand based on your age. In this webinar, we look to explain how many of our 80+ year old clients ended up with more money than they ever needed, postulating whether they could have or should have retired or spent earlier if they could have seen their future financial plan.
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