The Optometry Money Podcast

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. In today's episode, Evon gives optometrists a guide on one of the most tax-efficient savings accounts out there - Health Savings Accounts! He dives into the appropriate uses and benefits of HSAs, who is eligible to contribute, the annual limits and nuances to keep in mind, how to inves...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. This episode plays Evon's recent guest appearance on the Four Eyes Optometry Podcast. In Part 1 of 2, Evon joins Lainey Bokhaut, CPA in Canada, as a guest to talk about foundational financial decisions optometrists need to make - especially as they transition from school to practice. W...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Happy New Year! It's time to dive into the many 2024 financial updates, rule changes, and deadlines optometrists need to know about. Evon discusses: SECURE Act 2.0 rule changes in effect in 2024, including positive adjustments to SIMPLE IRAs and 401(k)s.  Increases in contribution maxi...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. For the last episode of 2023, it's time to rewind to our most popular episode of the year. Dr. Kara Ramsey-Foster, OD joins the podcast to talk about her journey freeing her optometry practice from managed vision care plans through a direct care business model. In a bit of a case study...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. As we approach year-end, it's time to rewind to a popular 2023 episode!  In Part 3 of a 3 part series, Evon dove into the many financial planning considerations optometrists need to think about when you own a more established, mature private optometry practice - both inside the busines...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. As we approach year-end, it's time to rewind to a popular 2023 episode!  In Part 2 of a 3 part series, Evon dives into the many financial planning considerations optometrists need to think about in the early years of owning a private optometry practice - both inside the business and in...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. It's almost the end of the year, and Evon dives into a year-end checklist for financial planning actions that every optometrist needs to keep in mind. He talks about retirement plan contributions, important student loan deadlines, tax and business planning considerations to review befo...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. In this Thanksgiving holiday rewind, we wanted to replay a popular 2022 episode on an important end-of-year topic: charitable giving. Evon dives into the tax benefits of charitable giving and tax planning strategies optometrists should consider to make the most of your charitable donations....

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. As we get into the holiday seasons and end of the year, it's time for a rewind of a popular 2022 episode on managing taxes through capital gains! Evon continues the year-end tax planning theme and talks all about how investment income and capital gains impact your tax return. He dives...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. To wrap up the series on risk management, Evon is joined by Levi Barlavi, attorney and owner of Pacific Health Law Group, to provide and introduction to asset protection for optometrist. Levi dives into what asset protection means, and the liability risks optometrists face in and out of pra...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Ali Oromchian, J.D., LL.M. of Dental & Medical Counsel joins the podcast to provide an optometrist's guide to estate planning. Ali and Evon dive into the purpose and important - but often difficult - considerations of estate planning, when optometrists should consider creating and...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. What's the value of your optometry practice? What goes into a practice valuation? Erich Mattei of Akrinos joins the podcast to provide an introduction to optometry practice valuations. Erich dives into his work with valuations, three general approaches to valuating businesses, and when...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Do the partners and vendors in your practice have the same values of independence as you? Ben Collier and Dan Korolev of Collier Optical Lab join the podcast to talk all about the benefits of independent optometry practices working with an independent optical lab. They dive into what being...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Fellow financial advisor Andy Panko, CFP®, RICP®, EA joins Evon on the podcast to dive into the ins and outs of Indexed Universal Life (IUL) Insurance. In a recent explosion of marketing and sales on the internet, this highly complex insurance product is often touted as "THE" prod...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. To continue September's life insurance theme, Evon is joined by Broc Buckles - co-founder of BC-Brokerage - to dive into permanent type life insurance. They talk about the ins and outs of how permanent life insurance policies work, when they're appropriate for optometrists' i...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. It's September, which means it's Life Insurance Awareness Month! In light of the theme, Evon provides an optometrist's guide to life insurance. Life insurance coverage is a core, important piece to managing the big financial risks in the life of an optometrist. Evon dives int...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. How do you build an optometry practice to multiple locations? How do you establish a great culture? In this rewind of a popular 2022 episode, Dr. Andy Yaryan, owner of Yaryan Eye Care Center, joins Evon to talk about how he purchased an optometry practice right out of college, grew it to th...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. As the dust settles on all the recent changes, Evon dives into one more comprehensive episode on student loan planning for optometrists in 2023 and beyond. Evon talks about the recent updates in federal student loans, including the recent SAVE income-driven repayment plan and PSLF updates....

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. In this rewind of a popular 2022 episode, Dr. Larry Golson joins Evon to talk all about how Gino Wickman's book Traction and the Entrepreneurial Operating System can help take optometry practices to the next level. Larry is the owner of Envision Eyecare and Sherpa Consulting. He brings...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Ankit Patel joins Evon to talk about how to use Artificial Intelligence (AI) to create a more efficient and productive optometry practice. Ankit is the CEO of Classic Vision Care and the Founder of My Business Care Team. Ankit and Evon dive into how AI can improve workflows in your optometr...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Jackson Pace, CPA, owner of Refractional CFO, joins Evon to talk about how to look at the health of your optometry practice through the eyes of a CFO. They talk about what data in the practice he reviews, how he looks at the financials of the practice, differences between cash flow and prof...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. In Part 3 of a 3 part series, Evon dives into the many financial planning considerations optometrists need to think about when you own a more established, mature private optometry practice - both inside the business and in the household. A few of the planning topics practice owners should t...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. In Part 2 of a 3 part series, Evon dives into the many financial planning considerations optometrists need to think about in the early years of owning a private optometry practice - both inside the business and in the household. Once doors are open and for the first few years, you should th...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. In Part 1 of a 3 part series, Evon dives into the many financial planning considerations optometrists need to think about as they prepare for practice ownership. Whether cold-starting an optometry practice or buying into an established practice, you should consider: Your biggest goals are t...

Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Evon is back with even more big federal student loan updates optometrists need to know about! Over the last few weeks, the Supreme Court gave its ruling on the Biden student loan forgiveness case, which kicked off a lot of news. He dives into the: Recent Supreme Court ruling on federal stud...