"Must Read" Comprehensive Guides
Every successful investor need to have a solid foundation on important financial topics. This is why we create this sort of "Learning center" where we will create full comprehensive guides for high earning professional that we will update each year to keep with current legislations or IRS tax laws
This will cover the basics of each vital financial areas that the typical optometrist might encounter in his or her career.
- What Should I do First? A Complete Guideline Step-by-Step
- The Optometrist's Guide to Student Loans
- The Optometrist's Guide to Student Loan Refi
- The Optometrist's Guide to Retirement
- The Optometrist's Guide to Roth IRA and Backdoor Step-by-Step Guide
- The Optometrist's Guide to Investing 101
- The Optometrist's Guide to Short Term Investing
- The Optometrist's Guide to Disability Insurance
- The Optometrist's Guide to Life Insurance
- The Optometrist's Guide to Side Hustles
- 2023-2024 Comparison Retirement & IRS Limits
- The Optometrist's Guide to Business Financing
- The Optometrist's Guide to Writing a Business Plan
Related Articles
10 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…
Overview 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.
What 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.
2024 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…
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.
16 End-of-Year Financial Checklist For Optometrists in 2023
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.
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.