Are you concerned that your new employment contract may not be in your best interests? Schedule a consultation with our Career OD Consultant to gain valuable insights and ensure your career goals are aligned with your employment agreement
Student Loan | Associate Doctor (W2, 1099) | Sublease Owner | Practice Owner
Optometry Wealth Advisors is a financial planning and investment advisory firm serving only optometrists, nationwide. Our process, approach, and focus on optometry helps you to master your cash flow, grow your net worth, and ultimately plan more purposefully around the financial decisions you face as an optometrist (and practice owner).
As part of our services, we help you navigate:
- ✅ Cash Flow and Debt Management
- ✅ Student Loans - Crafting a student loan repayment plan
- ✅ Tax Planning - Proactive tax planning each year
- ✅ Understanding your Practice Financials
- ✅ Planning for Financial Independence and Retirement
- ✅ Estate and Insurance Planning - Managing your financial risks
- ✅ Investment Management - Incorporating leading academic research
- ✅ Ongoing Monitoring of Financial Health
Evon Mendrin is the Founder and Lead Advisor of Optometry Wealth Advisors, as well as the host of The Optometry Money Podcast. He’s a Certified Financial Planner™ (CFP®) professional and a Certified Student Loan Professional™ (CSLP®), and he loves to help optometrists navigate that critical intersection between personal and practice finances.
👉 Schedule a Free Consultation - Start with a no-commitment, 20-30 minute Introduction Call. As a part of the conversation, we’ll provide a free financial “health” assessment!
Student Loans | Associate Doctors | Sublease Holders
Prudent Financial Planning is a comprehensive fee-only firm based in Naples, Florida. We specialize in helping young professionals especially optometrists navigate the financial planning process and provide the best solutions for paying off their student loans. Acting as a fiduciary for our clients means we are committed to always putting YOUR best interests first. We provide advice in areas of financial planning, student loan solutions, tax planning, cash flow, investing, insurance analysis, and every area of your financial life. Schedule a free initial consultation today to find out whether working with Prudent Financial Planning is the right fit for you! We work with young professionals, doctors and lawyers who want to get out of debt and make their money to work for them.
- ✅ Financial Planning
- ✅ Student Loan Solutions
- ✅ Cash Flow +Investing
- ✅ Estate + Retirement Planning
⏩️ Promo: Receive 10% discount on upfront fee for OD's on Finance Member discount(Starts at $630 upfront and $275/month after discount has been applied). This is a month-to-month agreement.
👉 BOOK A FREE CONSULT TODAY
Patrick Logue, founder of PFP, is a Certified Student Loan Professional (CSLP®) and has the advanced knowledge required to provide high quality student loan repayment planning advice within the scope of a holistic financial plan.
📧 Contact: Patrick Logue CFP®, CSLP® | (239) 230-0395 | firstname.lastname@example.org
Sublease Owners | Practice Owners
Hayes Wealth Advisors is a fee-only advisory firm that helps optometric practice owners and employed ODs build wealth outside their practices through financial planning and investment management. We collaborate with optometrists to develop a customized Personal Wealth Action Plan, which is a roadmap to a successful financial future and covers the following and more:
- ✅ Account and asset positioning
- ✅ Cash flow planning
- ✅ Tax strategies
- ✅ Private sale and private equity practice value and exiting strategies
- ✅ Investment strategy and implementation
- ✅ Retirement planning
- ✅ Risk management review— insurance and estate planning
Owner Natalie Hayes Schmook, MBA, CFP®, CVA®, CEPA grew up in the optometric industry as the daughter and sister of well-known practice management experts. An advisor since 2006, Natalie left her big bank background to apply her planning and investment management skills to the optometric profession.
👉 BOOK A FREE CONSULT TODAY
📧 Contact: Natalie Hayes Schmook CFP | email@example.com for any questions
Sublease Owners | Practice Owners
Here at IPWM, we subscribe to a core set of investment principles, largely dictated by the great empirical research done in both academia and at Dimensional Fund Advisors (DFA). Our portfolios, and the funds used in those portfolios, subscribe to a set of rules and principles that guide how we see capital markets and how we believe we can help deliver a great investment experience for our clients.
✅ Our goal for this process is to demonstrate, in plain English, how we can serve you in helping you make the most out of your life with the wealth you have and how we bring simplicity, clarity, and confidence to an otherwise confusing, complicated, and intimidating subject: money.
✅ Who do we serve? As the husband of a practicing optometrist, Adam knows the practice and business landscape of optometry has changed significantly in the recent past. So, too, have the financial implications of being an optometrist.
✅ Before committing your time or ours, this 20 to 30-minute phone call will give us both a chance to make sure your situation matches our expertise. We want to get a vision of your goals, intentions, challenges, and opportunities unique to your situation and circumstances. After all, you wouldn’t schedule testing without a patient inquiry.
👉 BOOK A FREE TRIAGE CALL TODAY
📧 Contact: Adam Cmejla CFP | firstname.lastname@example.org for any questions
2023-2024 IRS limitations for Optometrists
With inflation rising at all time highs, it definitely seem that the IRS is adjusting quite drastically for most of these accounts for 2023! While all of these limits might seem higher, remember that it is mainly keeping up with inflation, which the consumer index is estimated at 8%. in 2022. Please use these important limit to adjust your financial planning for 2023 especially for any retirement plans!
October 2023 Market Update for Optometrists: Latest Economic & Financial Trends
The economic landscape is characterized by a steady 3.7% inflation and cautious actions from the Federal Reserve, particularly in managing interest rates to avoid potential economic downturns. While some economic indicators like GDP growth appear robust, there’s a visible undercurrent of economic stress and mixed expert predictions regarding a potential recession in 2024.
The Holland’s Journey: Paying off $660,000 Student Debt in 5 1/2 Years
We want to share our stories to help other young optometrists who are struggling with their student loans. We are both practicing optometrists and managed to overcome a massive obstacle together: paying off $660,000+ in student loans in just 5 1/2 years. Sounds impossible right? But let’s start from the beginning.
UPDATE: Must-Read Strategies to Tackle Optometry Student Debt
After an enduring three-year period, the final COVID-19 student loan forbearance is drawing to a close on August 30, 2023. Recognizing the natural apprehension that some optometrists might be feeling as this date nears, our team has been working tirelessly to develop strategies to support all our borrowers, especially new graduates stepping into the workforce!
Conquering a Mountain of Debt: Paying off $242K in 7.5 Years on an Starting Salary of $85K as an Optometrist
Over 7.5 years, Ada Noh cleared her substantial student loan of $242K on a beginning salary of $85K by adopting a frugal lifestyle and engaging in optometry-related side gigs.
June 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.
Good vs. Bad Optometry Debt – 4 Ways to Use Good Debt to Your Advantage
That being said, debt can be a useful tool for achieving financial goals, but not all debt is created equal. Some debt can be beneficial, while others can be detrimental to your financial well-being. Let’s explore the difference between good debt and bad debt and how you can use debt to your advantage.
Q1/2023 Market Update for Optometrists: Latest Economic Trends And How To Adjust Your Financial Plan
Welcome to the Q1/2023 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… So we hope to provide a comprehensive overview of the latest economic trends and developments, highlighting the challenges and opportunities in today’s market for optometrists.
9 Financial Tips For Optometry Students
As an optometry student preparing to enter the field, it’s important to understand the financial implications that come with this profession. From budgeting for school supplies to managing debt and investing in your future—all these responsibilities add up quickly! With these 9 financial tips, you’ll equip yourself with the knowledge needed to navigate a successful career as an optometrist.