Dr. David Salomons and Dr. Adam Underwood
Triple Cities Family Dental
Discover how Four Quadrants Advisory has transformed the retirement plans of Dr. David Salomons and Dr. Adam Underwood after just 4 years of partnership. Witness their remarkable journey as they not only set ambitious retirement goals but also accelerate their path towards financial freedom.
It was 2019 that I went to the Yankee Dental Conference and saw Casey and Four Quadrants give a presentation. What Casey said had a lot of interesting thoughts: retire early, work less, make more. Not having to think about the business aspect of dentistry is always a big thing. They teach you a lot in dental school. They don't teach you how to be a business person. We will meet with our advisors that we had at the time every year and I say, “What do I need to retire?”. They answered, “What do you think your expenses are going to be?”. Well, I don't know. Not that they weren't good people doing their best, they just couldn't give me definitive answers. So I really didn't have an idea of where I was going to be near retirement or where my wife and I could be.
You know, we've been with Four Quadrants for about four years, and I was skeptical at first. I think David was as well. Jumping into it was a little bit like jumping off the high board. You know, we weren't sure where we were going to land and we've been pleasantly surprised, you know, with everything that Four Quadrants has offered us personally and through the practice. We have gone from working almost month to month through the practice sometimes to making sure that we have a minimum cash balance to cover employee salaries, make sure we're paying ourselves, make sure we're putting money where it needs to be. Everything is being paid on time. So that's huge.
After four years, I would almost complete trust. If I need something or I have a question, they're my advisors. They're going to tell me what I need to do, what I should do, and I don't even question it.
I was later coming out of dental school. When I graduated dental school, I was in my lower thirties, so I had nothing really saved for retirement. Dental school took all that away. And in the last four years, you know, being able to put away more than I ever was before joining Four Quadrants. I've seen my personal wealth increase through retirement, just that, you know, take home just, you know, walking around money also through the bank. And, you know, the proof is in the actions that we've been able to achieve with working with Four Quadrants.
Originally my wife was working. Always thought we'd work to 65 plus and because of what Four Quads is done the way they've rearranged things in our life, the amount of funds that they said, “Hey, listen, this is what you're putting away.” And money that I never thought I had or could put away that they've done for us. She now has been able to step away from work, and I'm hopefully looking to retire at 60.
I used to hope for retirement, but it was never a solid figure. Solid age that you need. So that was a big concern of mine, along with student loans, you know, the debt, the burden of that and retirement can seem overwhelming. We're projecting at age 60 to 65, I'll have enough for retirement with me and my wife. And we have three kids. So being able to do that from the early thirties to 60, 65 and so far we've been hitting our targets is, you know, a reassurance to me and my wife. And it takes some of the stress of owning and working as a dentist and owner and management at in financial planning and all of that. It takes one of the hats off of my head of doing that and it helps really our futures be more secure in that.
You know, things are on the track to retire, and you say three and a half years versus eight and a half years. It's a good thing to say. It doesn't mean I have to, but that would be on my terms and the ability to walk away when things are good, it's a good feeling.
If someone's thinking of joining Four Quadrants, I would tell them to do it. You can really focus on dentistry versus trying to manage everything else. We can call people. We have meetings in person yearly with Four Quadrants. So it's not just a nameless company. We know people there. We formed relationships with people there and that feels different than other companies.
My advice to somebody who's hesitant is do dentistry. That's what you went to school for. Let the experts do the other stuff, that will make your life easier, that whatever it costs, you'll get back many, manyfold. And from there you'll see the value of joining.