MDA members who have reached age 55 or so are experienced, successful, ready to give back, and many are looking to retire in the next few years and enter the next chapter of their lives.
The articles below address the issues of special interest to mature practitioners. New articles will be added in the coming months.
Resources, programs, and products from the MDA and ADA are listed below as well. If you have questions on any of these topics, or need assistance with a particular problem or concern, contact the MDA.
After 55: What’s Next A Guide for Members in Late Stage Practice
Retirement brings up a host of — in many cases — unfamiliar personal and practice issues that are often not well-understood or considered. After 55: What’s Next? A Guide for Members in Late Stage Practice is a collection of articles by respected consultants on topics pertinent to the over-55 age group. Originally published in the Journal of the Michigan Dental Association, the MDA has brought these articles together to comprise this downloadable guide.
Joining and Leaving the Dental Practice, 3rd Edition
By William P. Prescott, Esq.
Contains information on transitioning out of practice, with discussion on various options, including adding an associate. Discusses the need to have a well-planned strategy for stepping down. This book is designed to educate dental and related professionals on important business, legal, and tax-planning issues of practice entry and succession. (Free e-book.)
Alternative Dental Careers
Many dentists choose to pursue non-clinical dental career opportunities. The ADA Center for Professional Success contains a special section on alternative careers, including a self-assessment exercise, careers in academia, dental consulting, dental research, and other options.
Valuing a Dental Practice
Information on how to value your dental practice, either in preparation for a sale or merger, or for some other reason.
Closing a Dental Practice
The reasons dentists close their practices vary, including retirement, financial challenges or serious illness or death. This ADA resource, A Guide to Closing a Dental Practice, offers useful information to help with the many details involved in ending a practice. (ADA Store item number CPS-PR017; free to members.)
Ten Tips for Preparing Your Practice for Sale
Not an all-inclusive checklist, but a great starting point if you are considering putting your practice on the market.
ADA Member Advantage
Products and services for ADA/MDA members, including computers and technology, staff apparel, tours and cruises, appliances, commercial real estate, luxury vehicles, and more.
Life After Dentistry
Life After Dentistry: Retirement Lifestyle Readiness is a self-help guide to retirement happiness, providing unique insights, practical guidance, and strategies to ensure a worthwhile and enjoyable retirement. (ADA Store item number P037BT). Member price $38.95; includes a free e-book.
Additional MDA Resources
MDA Medicare Advisory Service
One-on-one resource for members, their spouses, or employees researching, aging-into, or eligible for Medicare.
Wealth Management/Retirement Planning
MDA-endorsed program through DBS Investment Advisers, LLC.
MDA Job Board
Find an associate or dental team member.
MDA Journal Classifieds
Sell a practice or equipment.
MDA Mentor Program
Share your skills and knowledge by being a mentor.
Your in-house MDA insurance agency to cover all your needs.
Money-saving programs for your practice and personal life.
MDA Members Retirement Program
Tax-qualified retirement savings plan options for member dentists and their employees.
COVER Locum Tenens Program
Information for those seeking, or looking to work as, a temporary dentist.
MDA Volunteer Opportunities
Give back, get involved in your MDA.
Giving and service opportunities.
Mission of Mercy
Be a MOM volunteer.
MDA Health and Well-Being Program
Advice and help with navigating the stressors of dental practice.
MDA Continuing Education Seminars
Keep up to date with the latest in CE.
Disclaimer: The articles presented in this section are informational and should not be considered as financial advice from the Michigan Dental Association. The MDA recommends speaking with trusted financial advisers in planning your retirement or making other financial decisions.