The Optometry Money Podcast

Oct 30 2024 117 ep. 42 mins 12

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.

Copy RSS

Subscribe on Podcast Addict

(Rewind) Investing in Election Years: What History Tells Us About the Stock Market and Elections

Oct 30 2024 17 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!What do presidential elections mean for your investments? What actions should you take during an election year?In this rewind of a popular episode, Evon provides context for this common question by diving into the historical behavior of US stocks related to US presidential elections. He dives both into the short-term r

Can You Buy a Car in Your Optometry Practice as a Business Expense with Jackson Pace and Kevin Dang, CPAs

Oct 09 2024 51 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Jackson Pace, CPA, and Kevin Dang, CPA of Refractional CFO join Evon on the podcast again to dive into a common question - can you (or should you) buy a vehicle under your optometry practice for the tax deduction?They dive into:What's required to deduct the cost of a vehicle in the practiceBasics of how depreciation wo

Cash Flow Clarity: Navigating Important Differences Between Profit and Cash Flow in Your Optometry Practice

Sep 19 2024 21 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Cash flow is the lifeblood of your optometry practice. In this episode, Evon dives into important differences between the profit you see on the Profit & Loss and the actual net cash flow of your business, and also explores the Statement of Cash Flows and stories optometrists can pull from it. Lastly, he talks about

Tax Planning Targets to Aim For Mid-Year

Sep 04 2024 23 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Evon dives into mid-year tax planning targets optometrists and practice owners should keep an eye on as we work through the rest of the year. He talks through specific points of planning he thinks about as he works with clients and their tax professionals, including:Trajectory and sources of incomeAre we on track for t

(Rewind) An Optometrist's Guide to How Income Taxes Work

Aug 14 2024 43 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!In this episode, we rewind back to a popular 2023 episode. How do income taxes work? How do tax rates work? How are your taxes calculated?As tax filing deadlines approach, Evon dives into a basic guide for optometrists to how US federal income taxes work.He dives into how marginal tax rates work, how taxes are calculat

Actions to Take During (Routine) Market Declines

Aug 09 2024 22 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!What should we do during stock market declines? Even though the ups and downs are a normal (and expected) part of investing, what beneficial actions can you take?Evon dives into rebalancing, tax-loss harvesting, and other actions optometrists should consider during market declines. Have questions on anything discussed

2024 Mid-Year Retirement Plan Updates and Deadlines Practice Owners Need to Know with Matt Ruttenberg

Jul 31 2024 26 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Matt Ruttenberg of Life Inc., Retirement Services joins the podcast for a mid-year review of 2024 updates for 401(k) plans and late-year deadlines optometry practice owners need to know. They dive into soon-to-be required auto-enrollment, deadlines to open a safe harbor 401(k) plan for 2024, profit sharing deadlines, s

Student Loan Updates: Can't Access PAYE Plan, SAVE Court Cases, and more!

Jul 10 2024 23 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!Now that July 1st has come and gone, Evon dives into the recent student loan updates optometrists need to know. He discusses how the Pay As You Earn payment plan is no longer accessible, the consolidation deadline passing for the One Time IDR Account Adjustment, PSLF no longer administered by Mohela, and changes and co

Investing in Election Years: What History Tells Us About the Stock Market and Elections

Jun 19 2024 16 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!What do presidential elections mean for your investments? What actions should you take during an election year?Do provide context for this common question, Evon dives into the historical behavior of US stocks related to US presidential elections. He dives both into the short-term results - looking at the months and yea

Navigating Commercial Real Estate Decisions for Your Private Practice with Colin Carr

Jun 05 2024 57 mins

Questions? Thoughts? Send a Text to The Optometry Money Podcast!In this episode Evon is joined by Colin Carr, founder and CEO of CARR to dive into lease and purchase decisions for your optometry practice real estate. We dive into what to look for in a location for your practice, negotiating points for a lease, how to prepare and plan for a lease renewal, when to lease vs. purchase