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Optometrist 📊 Income Report 2025 | Largest Sample Size 2,203+ ODs
We’re thrilled to share our largest Optometry Income & Salary Survey yet—2,203 doctors provided insights on key factors like student loan ROI for students, fair compensation, and the true impact of annual income on our profession. This year, we normalized earnings by days worked to give a clearer picture of each OD’s real income potential. What You’ll…
Read MoreAnnual Report 2024: In Review, and a Look at 2025!
Overview Dear ODoF Community! Can you believe it’s already one month into 2025? First, we would like to acknowledge that annual reports normally go out at the beginning of the year, however with so many moving parts and exciting projects we had to delay this a bit – our apologies in advance! In 2024, we…
Read More16 End-of-Year Financial Checklist For Optometrists in 2024
As 2023 draws to a close, it’s vital for optometrists to focus on financial planning for a stable and prosperous future. This checklist, designed for eye care professionals, will guide you through key year-end financial tasks. While not every item may apply to your practice or personal finances, reviewing each one ensures you don’t miss important opportunities or obligations.
Read MoreRetirement & IRS Limits Comparison: 2024-2025
As we approach 2025, retirement contribution limits including 401(k)s, 403(b)s, SIMPLE IRAs, SEP-IRAs, HSAs, and FSAs, have been adjusted modestly due to stabilized inflation rates. While catch-up contributions for those aged 50+ remain indexed to inflation, the IRS has postponed a Secure Act 2.0 provision requiring high earners ($145,000+ in Social Security wages) to make Roth-only catch-up contributions until 2026. Notably, starting in 2025, individuals aged 60-63 can contribute the greater of $10,000 or 50% more than the standard catch-up amount, providing an opportunity to boost retirement savings during peak earning years.
Read MoreWhat Should I Do First? A Complete Step-By-Step Guide For Optometrists
Here is a “Guideline” list of financial steps that we hope will get you started, but should be adjusted to your own personal situation as an optometrist.
Read More10 Practical Strategies to Pay Off a $221K+ Optometry Student Loans in Less Than 5 Years (Updated for 2024)
KEY POINTS: Avoid “Doctor Lifestyle”: Live like a student a bit longer to build financial stability, even after graduating. Shift Your Mindset: Stop making excuses and take charge of your financial future by learning and applying financial principles. Refinance Loans to a lower rate with a goal to pay it off in 5-10 years. Stick…
Read MoreOverview of the Optometry Student Loan Market: June 2024
With the incoming class of new optometry doctors entering the profession last month, new graduates today are facing a steeper hill regarding their student loans. The latest 2023 Optometry Income Report shows an average student loan debt of around $230,000, with about 8% of doctors having a debt burden exceeding $300,000.
Read More2024 Optometrist Income Report
With increasing student loan debts, an ever changing economy, and a profession that continues to withstand disruption – many optometrists begin to question their associated worth as practitioners. While the old phrase “comparison is the thief of joy” rings true in certain facets, comparison to get a true sense of trends in salary, debt load…
Read MoreAnnual Report 2023: In Review, and a Look at 2024!
In the next reading, you’ll discover metrics that mirror our community’s overall progress, along with the resources and offerings this growth has enabled us to continue providing. Next, we’ll transparently outline the methods ODs on Finance employs to generate revenue. Lastly, we’ll offer you a sneak peek at some major projects we’re embarking on for 2024, aiming to further our profession and assist every OD in achieving financial freedom.
Read MoreJune 2023 Market Update for Optometrists: Latest Economic & Financial Trends
Welcome to the June 2023 market update, where Aaron and myself will provide you with an overview of the latest economic trends and developments, including what we as optometrists should watch out for and how we should adjust our investing plans.
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