Meet Dr. Charles Dingman
I grew up in western Nebraska, where the values of hard work and community support were ingrained in me from a young age. My father was a farmer, and my mother was a bookkeeper for a local farm implement dealer. In that environment, I learned not only the importance of rolling up your sleeves and working hard but also how crucial it is to be there for neighbors in times of need. I also learned, often the hard way, that life can change in an instant. A crop can fail, a storm can destroy years of work, and the future can be wiped out before you even have a chance to plan. Those early lessons taught me the critical need for risk strategies and financial preparedness, a perspective I carry with me to this day.
I chose to pursue a career in dentistry, attending both the University of Nebraska and the University of Nebraska College of Dentistry. I spent 17 years building my practice and my life around something I loved—helping people with their dental health. However, an unexpected injury to my hand abruptly ended that chapter of my life. I was forced to retire from my lifelong passion, watching not only my practice but also my dream job slip away.
The loss was devastating, and it felt as though everything I had worked for had vanished. But life doesn’t stop when disaster strikes, and I soon realized that my previous training and the education I had sought out throughout my life were invaluable. I had invested in both the technical skills of dentistry and in business and management principles that helped me navigate the challenges that came my way. Those lessons became my lifeline, and I understood how much preparation matters when facing life’s inevitable ups and downs.
This experience led me to a new calling: to become a financial advisor. The pain of losing my career opened my eyes to the fact that no one knows what’s ahead, and that planning ahead is the best defense against uncertainty. I didn’t want anyone to face the same kind of hardship I did without the tools or strategies to weather the storm. My passion now lies in helping others prepare for life’s inevitable twists and turns, ensuring that they can have a safe and secure retirement, no matter what challenges may come their way.
Real World Case Study
$1.2 Million in Tax Savings
Professional Practice Expansion and Financial Optimization
Client Overview:
A professional practice with four doctors expanded its business from $3.25 million in gross revenue to nearly $6 million in just one year.
Challenge:
The rapid growth of the practice required a comprehensive review of their CPA and accounting services to ensure financial efficiency. Additionally, a review of their federal student loans, group medical plan, and retirement planning was necessary to further optimize their finances.
Solution:
We conducted a thorough analysis of the practice’s financials, leading to a revision of their CPA and accounting strategies. This resulted in $1.2 million in tax savings, including a $600,000 loss carry-forward that had been missed by their previous CPA firm. We also identified an additional $600,000 in tax savings.
Furthermore, we reviewed the doctors’ federal student loans, eliminating $3,000 per month in debt payments for each doctor for the next 20 years. We also performed a detailed review of their group medical plan, optimizing coverage and costs for the practice. Finally, we
set up a retirement plan to help secure their financial future.
Outcome:
The practice not only optimized its tax situation but also significantly reduced its student loan obligations, allowing for greater financial flexibility. The doctors now have a solid retirement plan in place, an optimized group medical plan, and enhanced financial security.
"Through Financial Planning You Can Achieve Financial Independence"
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