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Financial Freedom for Dentists LLC
2 days ago1 min read

NEW 2025 Contribution Limits: Save on Taxes & Maximize Your Opportunities to Save



Save on Taxes & Save for Your Future

Are you taking advantage of saving on taxes while saving for your future? "Helping dentists implement tax-advantaged savings to minimize taxes is one of our favorite ways to empower your financial freedom," says Nate Ricks, CFP®, MS, financial advisor at Financial Freedom for Dentists. 

 


The IRS recently released the 2025 contribution limits for IRAs, HSAs, SIMPLE IRAs, 401(k)s and Profit-Sharing Plans, which will allow dentists to save more money in taxes while saving for retirement. Given the demands on your time from managing your practice, funding your accounts at the end of the year takes time and effort. However, to ensure you are on target to achieve your specific financial goals for financial freedom, now is the time to examine if you are maximizing your opportunities to save. Reach out to our team of CFP® Professionals if you would like any further analysis on how to use these tax-advantaged savings tools to your best interest in your own financial plan.

 


 



Example:

Please see the example below for maximum contributions for dentists of various ages in a practice with 25 or fewer employees (not including employer contributions).















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