The Optometry Money Podcast

May 08 2024 10
The Optometry Money Podcast artwork

Welcome to the Optometry Money Podcast, hosted by Evon Mendrin CFP®, CSLP®, where he helps optometrists make better decisions around their money, careers, and practices. He explores cold-starts, practice buy-ins, career decisions, tax planning, student loans, and other money issues ODs are navigating. 

Evon cold-started Optometry Wealth Advisors LLC, a financial planning firm dedicated to help optometrists nationwide master their money, build wealth, and plan purposefully with their finances. Learn more about the show, and Evon, at www.optometrywealth.com.

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Investing At Stock Market All-Time Highs

May 08 2024 13 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!With a new stock market all-time high earlier this year (2024), Evon provides perspective from history to put new record highs into proper context. While it's often thought that you should avoid investing at all-time highs do to some inevitable crash, ultimately, all-time highs are more common than you think. And the p

Navigating a Successful Transition from Corporate Sublease to Private Practice with Dr. Tessa Sokol

Apr 30 2024 55 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!Evon is joined by Dr. Tessa Sokol, owner of Sokol Advanced EyeCare in Madison, Wisconsin. Tessa shares her experience transitioning from a long-standing, successful corporate sublease to her own independent, private optometry practice. We dive into the benefits and drawbacks of the corporate sublease (from her experien

(Rewind) An Optometrist's Guide to Business Entities

Apr 24 2024 35 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!In this replay of a popular 2023 episode, Evon revisits an important topic for optometry practice owners and independent contractors - the differences between different business entities!How do the different business entities work? How are they taxed? How are they different?In this episode, Evon provides a basic guide

(Rewind) An Optometrist's Guide to The Qualified Business Income Deduction

Apr 17 2024 30 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!In this replay of a popular 2023 episode, Evon revisits an important tax planning topic for optometry practice owners and independent contractors - the Qualified Business Income Deduction!He dives into what the deduction is, how it's calculated, its limitations and phase outs, how it works differently in different busi

Avoiding Capital Gains When Selling Your Home with the Home Sale Exclusion

Apr 11 2024 22 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!In today's episode, Evon dives into the tax considerations when selling your primary residence.Homes tends to make up a considerable portion of optometrists' net worth, and fortunately the IRS provides an exclusion for capital gains from selling your home. Evon dives into the Section 121 home sale exclusion, the two te

Unlocking Real Estate Losses to Offset Your Other Active Income with Thomas Castelli, CPA

Apr 03 2024 42 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!Evon is joined by Thomas Castelli, CPA, partner at Hall CPAs, as well as CEO of Tax Smart Investors. Many optometrists own rental real estate properties, and it's common for practice owners to own the commercial real estate the practice operates in. Thomas brings a ton of specialized knowledge in real estate taxation t

Tackling Conflict Head-On To Improve Your Optometry Practice with Dr. Bethany Fishbein

Mar 27 2024 37 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!On today’s episode, Evon is joined once again by Dr. Bethany Fishbein to talk all about how to push through conflict and confrontation to improve your optometry practice and your career.Ultimately as business owners and professionals, or just when working in a team, there’s going to be a time where conflict comes u

100th Episode! What You Should Expect From Working With a Financial Advisor

Mar 20 2024 18 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!In the show's 100th episode, Evon talks about what optometrists should expect and experience from working with a financial advisory firm. There has been historically poor business models in financial services that fall short of providing advice optometrists need, in their best interest. There also appears to not be a g

Creatively Structuring Practice Sales to The Next Generation of Optometrists with Michael Pote

Mar 13 2024 67 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!Evon is joined by Michael Pote of The Growth Cooperative to dive into creative ways to structure the sale of a practice from one optometrist to another. They talk a little bit about the structure of private equity sales and OD-to-OD sales, and the pros and cons to both. They then dive into creative ideas to make that t

Student Loan Update: Pause to Recertify Incomes Extended for IDR Plans

Mar 06 2024 10 mins  
Questions? Thoughts? Send a Text to The Optometry Money Podcast!Evon dives into the recently announced update for federal student loans! The Department of Education extended the pause for income recertification for borrowers on income-driven repayment plans to late September, 2024 at the earliest. Optometrists may have even more time on lower IDR payments! Have questions on anythin