How to Save for Retirement?
Retirement planning comes in many outlets that are designed to compound your savings while save on taxes. Read about retirement and the various ways to save for retirement below:
The Optometrist's Guide to Retirement:
- Chapter 1: Introduction and Financial Goals: Where to Begin?
- Chapter 2: "How Much Do I Need" and other Tips
- Chapter 3: Which Retirements Accounts are Right for you?
- Chapter 4: How to Build Wealth and Invest long term?
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What Should I Do First? A Complete Guideline Step-By-Step
Personal finance is called personal for a reason; it is just as much a science as it is an art (similar to prescribing glasses). But seriously, this is probably one of the most difficult decisions that a lot of doctor investors will face and has starved me of sleep a lot – simply deciding which…
2021-2022 IRS limitations for Optometrists
We cannot believe that 2021 is almost over! being said, it means that it’s time for updates on IRS limits (Effective January 1,2022). While all of these limits might seem higher, remember that it is mainly keeping up with inflation, which the consumer index is estimated at 4-5%. Here are some Retirement IRS Key-points for 2022.
8 Financial Mistakes that New Optometrists Make
The average new optometrist graduates at an average age of 28 year old (significantly behind non-OD peers in terms of income generation), with an average student loan debt of over $220,000+, with little or no retirement investments. Often new grad optometrists find themselves practicing in oversaturated cities and most importantly without any formal financial education. This is the perfect storm that often leaves many doctors mentally overwhelmed and prone to devastating financial mistakes. In this article, we will address 8 common financial mistakes that new OD graduates make and how you can avoid them to be financially successful.
Annual Report: 2020
Well 2020 has surely been a year! Let’s be honest, we all went into the year 2020 with big expectations – but the so-called Year of the Optometrist had some nasty surprises up its sleeve. Despite the trials and tribulations that 2020 brought, it also brought important lessons, and the looming importance of financial education…
8 New Year’s Financial Resolutions
The year 2021 is here. In our opinion, 2021 has it pretty easy. I mean, how much worse can it get after 2020? Joking aside, the beginning of the year presents a great time to take inventory of life and evaluate your financial health for the next 365 days. Here are a few New Year’s financial resolutions to get you started.
6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong
We have quite a few ODs on Finance members who are big Dave Ramsey fans, and quite a few who are Dave Ramsey Haters. Here are 6 Lessons That Dave Ramsey Get Right, and 6 Lessons That Are Completely Wrong and how each OD can optimize them to be even more successful!
Thoughts on the Current Economy with Peter Schiff (FB Live Event)
With the world under distress at both a political and public health level, it is hard to make sense of economic activity. Furthermore, with heavy government involvement in the economy, long term implications are both scary and unknown. In this live event, famed economist Peter Schiff helps us understand his vision of the economic future…
8 Reasons Why Every Optometrist should Invest in Index Funds
KEY POINTS: (1) Better Performance (2) Lower Cost (3) Less Time consuming (4) Less Risky (5) More Tax-Efficient (6) Ease of use in Building your Portfolio (7) Wide Availability (8) Eliminate Behavioral aspect and No Feeling of missing out (FOMO) Due to the recent COVID shelter in place order, many investors (new and experienced) are…
The Optometrist’s Guide to Side Hustles
With the increasing burden of massive student debt and low insurance reimbursement rates, many optometrists are searching for income alternatives to make extra money aside from their full-time optometric profession. Many optometrists are looking for ways (either passive or active) to supplement, or even completely replace, their current income by doing a “side hustle”. Do…