Posts by DatBuiOD
The Optometrist’s Guide To Student Loan Refinancing
Optometrists often accumulate multiple loans from federal and private lenders to fund their doctor education, which results in an average debt load of $220,000. The majority of these loans are federal loans which have an average interest rate of 5.5-6.8%.Then the majority of doctors will end up refinancing their student loans to save thousands of dollars in interest. Here is your comprehensive guide to the student loan refinancing process and understanding how underwriting works.
Read MoreThe Optometrist’s Guide For Health Insurance
Mortgages, car payments, loans – what do these have in common? Well they are all high cost bills on your plate. There are options so your health insurance doesn’t have to be another one. When it comes to health insurance, it’s much better to have it and not need it, than need it and not have it. Here are some great tips on how an optometrist can shop around for health insurance
Read More7 Optometry Student Loan Updates Before End of 2022
I cannot believe that it is the end of 2022. It has definitely been a crazy past 2 years with a lot of ever-changing federal legislations regarding student loans. As we approach the federal 0% interest benefit expiration date on January 31, 2022, here are some 7 new updates in the world of optometry student loans.
Read MoreThree Important Tax Facts for Optometrists Investing in Cryptocurrency
For the past two years, as we have been in the middle of a global pandemic, many Optometrists have become interested in cryptocurrencies. This article will explain some of the basic questions you may have about cryptocurrency from a tax point of view.
Read More10 Reasons For Optometrists to Invest in Apartment Syndications & 2 Reasons to Not Invest in Apartment Syndications
When we started New Sight Capital, we set out on a mission to share the unique opportunity of apartment investing with our fellow optometrists. The challenge: not many ODs have ever heard of apartment syndications. In short, an apartment syndication is the pooling of collective capital from investors in order to acquire an apartment complex that would normally be reserved to larger, institutional investors. Although syndications have been around for years, they’ve typically been an instrument of very wealthy or well-connected accredited investors. We are setting out to change that by bringing syndications directly to the optometric community.
Read MoreWhat Happens to My Optometry Student Loans if I Die, Become Permanently Disabled, or Become Bankrupt?
Optometrists graduate with an average of $200,000+ in student loan debt, usually at a federal interest rate of 6.8%.. It is no wonder why many optometrists are worried about not being able to pay off their massive debt if they are unable to take home a large doctor’s salary. Even more fearful, a lot of ODs are worried that their loved ones will be stuck with their debt upon their passing or permanent disability.In this article, we will clear up some misconceptions around student loans (both federal & private) in regards to death and permanent/total disability.
Read More3 Bookkeeping Don’ts + 4 Do’s for Optometrists
At For Eyes Bookkeeping, we always end things on a positive note. So today, we’ll begin with some of the most common mistakes Optometry practices make when it comes to bookkeeping. Then, we’ll show you some of the key ways to fix these mistakes!
Read More6 Massive PSLF Changes + 3 Student Loan Tips for Optometrists
On Wednesday Oct 6, 2021, the US Department of Education announced a massive overhaul to their 10-year Public Service Loan Forgiveness Program, essentially affecting all optometrists working for non-profit clinics like VA, IHS or non-profit universities.
Read More7 Takeaways for Optometrists From Biden’s Extension Of Student Loan Relief
Last Friday afternoon, Biden announced that he will extend the student loan moratorium (which was supposed to expire at the end of September 30,2021) to a new date of January 31, 2022. Benefits include suspended payments (forbearance) and frozen 0% interest from March 2020. While there are a lot of moving parts, here is what you should be aware of if you are an optometrist with federal loans:
Read More6 Ways Optometrists Can Reduce Disability Insurance Premiums
In today’s world there are so many things we need to get in place to help protect ourselves and our families; yes, optometry disability insurance is one of them. Here are 6 ways optometrists can reduce disability Insurance Premiums
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