Paying off student loans in a short period of time

When I graduated from dental school in 2011, I remember thinking that my student loan debt of $180,000 seemed insurmountable. My wife also had law school loans of about $175,000. Between the two of us, that’s $355,000 of student debt we paid off in less than seven years. Believe me, I know there are circumstances that mathematically will not allow for “early” payoff of student loan debt.

Retirement savings options for the new dentist

We receive many questions from new dentists about whether they should save for retirement or pay off existing student loans. While each situation is unique, we do always try to accommodate early retirement saving as much as possible. If you start early, you not only get in the good habit of contributing toward savings and retirement, but you have so many years for your contributions to grow. With that said, many new dentists are unsure of their options to save for retirement. Here are some of these options.

How to save and invest when you have student loans

Navigating dental school is challenging. Between the long hours in the classroom and training, there’s little time to think about your finances. However, now is the best time to start saving. Whether your goal is to pay off debt, increase your savings or start investing for the future, there’s no time like the present to get started.

The ‘keep-it-simple’ plan to financial well-being

In a world where everything has gotten complex, simplicity will sometimes serve you well, even when it comes to planning for your future. Starting a financial plan for yourself while in school or just after graduation does not have to be complicated. There are some basic rules that you can keep in mind when learning to live on a budget, pay back student loans and plan for the future.