Ask the CFPs-Part 3 – Insurance & Asset Protection (FB Live)

When it comes to interesting and engaging financial topics, insurance and asset protection often rank near the bottom.  Despite their relative banality, insurance and asset protection are vital in ensuring financial success by providing a security blanket for uncertainty.  In this edition of Ask the CFPs, we will learn the ins and outs of various…

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The Optometrist’s Guide to Life Insurance

Life insurance is a situation that no one wants to address or even think about due to its morbid nature.  For the mass majority of doctors with family or people who depend on their income, it is wise to consider what financial consequences their death can have on the people they leave behind. 2 Reasons…

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My Office is Closed; I am Out of Work, What Do I Do?

[Disclaimer] This article was written to the best of our knowledge with the latest news released from the Federal government. Some information may change/modify so we will keep the information updated to the best of our ability On March 17, 2020, the CDC and subsequently the AOA has urged all non-essential eye care providers to…

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How does the “Families First Coronavirus Response Act” affect me?

In the past week, small businesses across America are feeling the financial impact from coronavirus restrictions that placed millions of people at home – avoiding non-essential activities, even visits to their eye doctors. As optometrists, we are in one of the highest risk categories for transmission and contraction of the virus. We are also responsible…

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COVID-19 Has Closed My Practice, What Should I Do?

We are experiencing uncharted territory as the coronavirus pandemic continues to ravage the economy, health and mental stability of the American population.  As of March 23, 2020, multiple states have issued “Shelter in Place” acts which limit business operations to essential businesses only. The big concern that arises for practice owners from extended closures/minimum operation…

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5 Mistakes People Make with Insurance Planning

Editor’s Note: This is a guest post written by one of our sponsorship partners.  Aaron and Dat are extremely strict about guest requirements in that they must be educational and informative to our readers. Every guest post is vetted, read and upheld to the highest standards of ODsonFinance. Your trust is the most valuable factor…

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The Optometrist’s Guide to Disability Insurance

Optometrists with an average salary of $120,000 will make approximately $10 million dollars over their working career when factoring in raises and inflation. It took you 8-10 years of schooling to get to where your career is, in addition you probably took over $200,000 worth of student loans to invest in your future. Therefore, with…

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7 Reason why Indexed Universal/Whole Life Insurance Suck

During the lifetime of ODs on Finance, we have received quite a few messages from doctors, family and friends about Indexed Universal Life Insurance (IULs).  IULs are promoted to mimic the Index SP 500 return. They are basically Whole/University/Variable insurance in disguise and present a variety of unneeded complications. Don’t fall for them! An important…

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