Investment Management | Financial Planning
One goal of every MDA member is to build and preserve personal wealth.
Attaining this goal should start on the first day of your professional career and continue throughout your years of active practice and into retirement. Most people need a bit of guidance along the way. 
The MDA endorses DBS Investment Advisers (DBSIA) to provide wealth management and retirement planning services for our members because it specializes in working with dentists. They serve dentists at every stage in their professional lifecycle to help them attain their financial goals. DBSIA was formed in 2000 as an arm of Dental Business Services (DBS), from Bay City, Michigan. They know your challenges and have the ability to provide the financial advice necessary to put and keep you on the path to financial success.
As a result of this endorsement, DBSIA provides MDA members with a fee discount on dollars under advisement. As your portfolio grows, your fee discount also grows.
DBSIA offers assistance with:
- Individual portfolio management
- personal individual retirement account (IRA)
- Roth IRAs
- Simplified Employee Pension (SEP) IRA,
- Savings Incentive Match Plan for Employees (SIMPLE) IRAs,
- cash balance plans
- 401(k) plans
Take advantage of this exceptional, new benefit of your MDA membership and visit DBSIA.net, call 989-686-6222 or email ted.schumann@dbsia.net.
4 financial moves to make before the end of this year
Here are four financial moves DBS Investment Advisers suggests you can take to best position yourself for a successful new year and beyond: Make sure you are on track to fully fund retirement accounts. Pay deferrals into 401(k) and SIMPLE-IRA plans need to be deposited by Dec. 31.
1. Make sure you are contributing as much as possible this year to capture the largest possible tax deduction. If you turned 50 this year, take advantage of year-end catch-up contributions.
2. Review the suitability of your retirement plan. Make sure the retirement plan used in your practice is still suitable for your needs. This is a great time to explore alternatives and implement a different plan to be effective early in the year.
3. Take advantage of tax-loss harvesting in taxable investment accounts. If you have a taxable portfolio, consider reviewing your positions to determine losses that could offset taxable gains. Take this opportunity to rebalance to a target allocation.
4. Review your debt reduction strategy. If you have or will finish paying off loans this year, review how that extra cash will be used, either to pay more on other outstanding debt, or increase savings or investments.
DBS Investment Advisers, LLC, is endorsed by the MDA for investment management and financial planning. Visit DBSIA.net, call 989-686-6222 or email ted.schumann@dbsia.net.
Disclosure
Participation in the DBS Investment Adviser program is solely the decision of the Michigan Dental Association Member. Neither the Michigan Dental Association nor MDA Insurance & Financial Group provide investment advice, and they are not responsible for any investment decision or performance All investments have potential for profit or loss. Past performance does not guarantee future success.
DBSIA has a paid endorsement with the MDA. MDA is not a client of DBSIA, and has financial incentive to promote their services.
DBS has a financial arrangement to compensate the MDA for providing marketing services and promoting DBSIA’s services. This arrangement is compensated via quarterly checks and is not based off of client referrals.