The Top 5 Questions Every Acupuncturist Should Ask About Their Financial Future

Charles Melita |

Running an acupuncture practice takes focus, skill, and heart. You spend your days helping patients feel better, manage pain, and restore balance but when was the last time you checked in on your own financial wellness?

Many New Jersey acupuncturists are self-employed or small business owners, which means retirement strategies, tax strategy, and asset protection often fall entirely on your shoulders. Unfortunately, these areas are where many professionals unknowingly leave money on the table.

Let’s walk through five critical questions every business owner should be asking, using real-world scenarios that may sound very familiar.

1. Do You Know Your Biggest Risks in Retirement?

Most people don’t and that’s not a failure; it’s a gap in education.

Imagine this:
You’ve built a successful practice, paid off most of your debt, and assume retirement will be “fine” because you’ll just slow down gradually. But what happens if:

  • Taxes are higher than expected?

  • Healthcare costs rise sharply?

  • Required withdrawals force you into a higher tax bracket?

  • Your savings don’t last as long as you do?

These are some of the hidden risks that catch retirees off guard. Without a structured strategy, even diligent savers can face unnecessary stress later in life.

2. What Steps Have You Taken to Minimize Mandatory Taxes in Retirement?

If the phrase “mandatory taxes in retirement” makes you pause, you’re not alone.

Many business owners don’t realize that certain retirement accounts come with required distributions, whether you need the money or not. These distributions can:

  • Increase your taxable income

  • Trigger higher Medicare premiums

  • Reduce how much you keep of your hard-earned savings

The good news? There are legal, strategic ways to reduce or reposition future tax exposure but they need to be organized for before retirement, not after.

3. Have You Maximized Your Tax Deductions as a Business Owner?

Acupuncturists could miss deductions simply because no one ever explained what they’re eligible for.

For example:

  • Are you deducting retirement contributions in the most tax-efficient way?

  • Are you using the right business structure for your income level?

  • Are you coordinating your personal and business tax strategies or treating them separately?

When your tax strategy is aligned with your long-term financial stratgey, deductions become more than short-term savings. They become building blocks for retirement.

4. Are Your Assets Insulated From Creditors?

This is an uncomfortable question, but an important one.

As a healthcare provider and business owner, your personal assets may be more exposed than you realize. A lawsuit, business dispute, or unexpected liability could put savings or even property at risk if they’re not structured properly.

Asset protection isn’t about fear. It’s about smart strategies and ensuring that what you’ve worked so hard to build stays protected.

5. Have You Taken Advantage of Available Government Tax Credits?

Tax credits are often overlooked because they’re not widely discussed but they can have a powerful impact.

Depending on your income, business structure, and retirement strategy setup, there may be government incentives designed to reward business owners who look ahead. These credits can directly reduce your tax bill dollar-for-dollar, not just lower taxable income.

The key is knowing which credits apply to you and how to qualify for them.

How Much Are You Really Saving for Retirement?

Here’s a sobering statistic:

20% of adults age 50 and over say they have no retirement savings at all.
(Source: Fidelity, Q1 2024)

Even among those who do save, many don’t know:

  • If they’re saving enough

  • If their money is in the right place

  • If their strategy is tax-efficient

So the real question becomes…

What About You?

  • How much can you save?

  • How much should you be saving?

  • And how do you do it in a way that minimizes taxes and maximizes flexibility?

Discover What’s Possible With the Right Strategy

At CDM Financial Services, Charles Melita helps business owners and healthcare professionals understand how to:

  • Leverage the tax code legally and effectively

  • Build a retirement structure designed for self-employed professionals

  • Reduce unnecessary taxes now and in the future

  • Create clarity and confidence around long-term

Schedule a Complimentary Meeting

If you’re a New Jersey acupuncturist who wants clearer answers, smarter strategies, and a retirement strategy that actually works for you, not against you, now is the time to start the conversation.

Schedule a confidential, complimentary meeting with Charles Melita today
No pressure. No obligation. Just education, clarity, and guidance tailored to your practice and goals.

Your patients trust you with their health.
Make sure you’re giving your financial future the same level of care.