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 transition work for both parties, including structuring the purchase over a period of time rather than all at once. We also talk about what makes a better prepared buyer and a better prepared seller.

With the ongoing concern of keeping more independent, private optometry practices in the hands of optometrists, Michael brings great ideas for helping the next generation of owners buy into even the largest of practices.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• The Growth Cooperative
• LinkedIn - Michael Pote
• The Optometry Money Podcast Ep 96: Deep Dive Into Financial Due Diligence When Buying an Optometry Practice with Jackson Pace and Kevin Dang, CPAs

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Student Aid: Income Driven Repayment (IDR) Recertification Pause Extended
• The Optometry Money Podcast Ep 74: Student Loan Planning for Optometrists in 2023 and Beyond!
• Schedule an Introduction Call with Optometry Wealth Advisors

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

This episode plays Part 2 of  Evon's recent guest appearance on the Four Eyes Optometry Podcast. 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.

We dive into the basics of different business entities for practices and independent contractors, the importance of disability and other types of insurance, what professionals should be involved in your life and when you should start working with them, and so much more!

Huge thanks to Dr. Amrit Bilkhu and Dr. Deepon Kar for havings us on. Their podcast is absolutely worth a subscribe, and check out Part 1!

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Four Eyes Optometry Podcast
• Four Eyes Podcast Ep. 74: Financial Planning with Evon Mendrin and Lainey Bokhaut Part One
• YoungOD Connect

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

Evon is joined by Jackson Pace, CPA and Kevin Dang, CPA of Refractional CFO to take a deep dive into financial due diligence when buying a practice. 

They talk about:

• The goal of financial due diligence and the list of what to review
• The documentation and information needed and the process of how to review them
• What factors they've seen that indicate the health of a practice
• What sellers should focus on to improve and preserve the value of their practice
• And more! 

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Refractional CFO
• The Optometry Money Podcast Ep 71: Viewing the Health of Your Practice Through the Eyes of a CFO with Jackson Pace, CPA

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

Using income-driven repayment (IDR) plans toward student loan forgiveness can be a favorable way for optometrists to manage student loan debt. In this episode Evon talks about how strategically changing the way you file your taxes when married can improve the long-term math toward student loan forgiveness.

He dives into how filing taxes married filing separately can exclude your spouse's income from your student loan calculation on an IDR plan and impact the family size for the calculation - as well as the tax consequences of changing your tax filing status.  He also talks about how community property states open up even more planning opportunities for student loans when filing separately.

Lastly, he talks about important considerations to keep in mind around the tax filing deadline and your recertification date.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Federal Student Aid - Income-Driven Repayment Plans
• Federal Student Aid IDR Plan Request Form PDF
• Optometry Money Podcast Ep. 89: 2024 Financial Updates Optometrists Need to Know
• The Optometry Money Podcast Ep 74: Student Loan Planning for Optometrists in 2023 and Beyond!

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

Andrew Berkin, PhD - head of research at Bridgeway Capital Mangement and author of The Incredible Shrinking Alpha - joins the podcast to discuss why active investment management fails, and why you're unlikely to get the outperformance you're looking for. 

Evon and Andrew dive into:

• Research behind why active management fails - both for individual investors and professional managers
• What an "efficient market" means, and why stock markets are efficient
• What is passive investing? 
• Why passive investing goes beyond index funds
• What investor SHOULD focus on, if not trying to actively pick investments.
• And so much more!

Andrew brings so much wisdom and expertise to the conversation. Hopefully this helps optometrists better understand their own investment approach and why it may or may not make sense.

And hopefully it encourages you to take an evidence-based, research-based approach to investing, just like you might take an evidence-based approach to optometry.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Andrew Berkin, PhD - Bridgeway Capital Management
• Perspectives - Bridgeway Capital Management
• The Incredible Shrinking Alpha book
• Your Complete Guide to Factor-Based Investing book
• SPIVA Active vs. Passive Scorecard
• SPIVA US Persistency Scorecard

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

On today's episode Dr. Michael Neal of Lakeside Vision and founder of Build My Team joins the podcast to discuss the lessons he learned and process he built to hire better team members for optometry practices. 

We dive into:

• What's wrong with the conventional ways of hiring
• Why resumes are the worst place to start the process 
• Why experience can actually be a red flag
• How to streamline the hiring process 
• Aligning natural skills and abilities of candidates with the role you're hiring for
• And so much more!

This was a fantastic conversation that should help you think differently about a common pain point in private optometry practices. Ultimately, a more streamlined hiring process and a better team around you can help provide a better, more enjoyable day to day practice ownership experience.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Build My Team
• Education Hub
• Jim Collins - Getting the Right People in the Right Seats Over Time
• EOS - Right People-Right Seats

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

On today's episode, Evon is joined by Ali Oromchian, attorney with Dental & Medical Counsel, to review the new federal business entity reporting requirements under the Corporate Transparency Act.

They dive into which entities are required to report, what information is involved, deadlines to keep in mind, potential penalties, and more.

This impacts not only optometry practice owners, but also optometrists that own rental real estate in LLCs or partnerships and independent contractors or side businesses that created legal entities.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• FinCEN Beneficial Ownership Reporting FAQs
• FinCEN BOI Small Entity Compliance Guide
• Ali Oromchian - Dental & Medical Counsel
• The Optometry Money Podcast Ep 89: 2024 Financial Updates Optometrists Need to Know
• The Optometry Money Podcast Ep 81: An Optometrist’s Guide to Estate Planning with Ali Oromchian, J.D., LL.M.

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 invest in an HSA as a retirement account, and planning considerations and ideas to make the most of them.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• IRS Pub 969: Health Savings Accounts and Other Tax-Favored Health Plans
• IRS Pub 502: Medical and Dental Expenses
• The Optometry Money Podcast Ep 57: A Framework for Deciding Where to Save/Invest Next

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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.

We dive into debt decisions and how to tackle student loans, we talk about differences between retirement accounts and how to decide between them, we talk tradeoffs between investing and debt payments, and so much more!

Huge thanks to Dr. Amrit Bilkhu and Dr. Deepon Kar for havings us on. Their podcast is absolutely worth a subscribe, and stay tuned for Part 2! We'll dive into business and practice ownership, how to build your professional team, and more!

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at podcast@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Four Eyes Optometry Podcast
• YoungOD Connect

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 maximums for 401(k)s, SIMPLE IRAs, Health Savings Accounts, and IRAs. 
• Two important federal student loan deadlines this year.
• Beneficial Owner Information reporting from the Corporate Transparency Act
• And more! 

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• The Optometry Money Podcast Ep 40: The Optometrist’s Guide to The SECURE Act 2.0
• Student Aid: The IDR Account Adjustment
• IRS 2024 Retirement Account Contribution Changes
• FinCEN Beneficial Ownership Reporting FAQs
• FinCEN BOI Small Entity Compliance Guide

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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, Dr. Foster talks about what led her to transition her practice entirely away from vision plans, how a direct care or fee-for-service model works, how she made the transition successful, and how it's benefited her practice.

She had such a great perspective on a big, important topic for independent optometry practices.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Get Your FREE Financial Health Assessment
• Eye Care For You
• Direct Care Difference - Join The Direct Care Movement!
• Review of Optometric Business - How I Freed My Practice from Managed Care to Achieve a $564 Revenue-per-Exam
• Direct Care Difference YouTube Channel
• Anagram

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 business and in the household.

A few of the planning topics practice owners should think about are:

• Maintaining your vision for the ideal practice and ownership life
• Building guardrails around your practice based on your ideal lifestyle
• Create a separation between your practice and personal finances
• Create a framework for deciding how to best use the cash flow your practice creates
• Getting the most from your practice retirement plans
• Planning for financial independence and retirement
• Balancing the growth of different parts of your net worth over time
• Risk management, contingency planning in the practice, and estate planning
• Keep an eye on the other financial goals in your life outside the practice
• Keeping in close contact with your professionals. 

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Refractional CFO - Jackson Pace, CPA
• Simple Numbers, Straight Talk, Big Profits! by Greg Crabtree and Beverly Blair Harzog
• The Optometry Money Podcast Ep 64: How to Invest Six Digits A Year Into Your Practice Retirement Plans with Matt Ruttenberg
• The Optometry Money Podcast Ep 68: Financial Planning Considerations When Preparing for Practice Ownership
• The Optometry Money Podcast Ep 69: Financial Planning Considerations for the Early Years of Practice Ownership
• Get your FREE financial health assessment

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 the household.

Once doors are open and for the first few years, you should think about:

• It's quite the busy time, learning and adjusting to owning the practice and managing employees.
• Getting familiar with the three core financial statements in your practice - the balance sheet, the profit and loss statement, and the statement of cash flows.
• Getting to know the internal, operational key performance indicators that matter to your business (the leading indicators).
• Focus on actual cash flow of the business, the differences between actual cash flow and profit, and creating a framework for deciding what to do next with cash as it comes in.
• Building appropriate cash reserves in the practice
• Preparing to pay yourself as the owner
• Preparing for tax payments and withholding and tax planning opportunities.
• Establishing a retirement plan in the practice.
• Protecting yourself from the financial risks with appropriate insurance coverage.
• Keeping in close contact with your professionals. 

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Get your FREE financial health assessment
• The Optometry Money Podcast Ep. 49: An Optometrist’s Guide to Business Entities
• The Optometry Money Podcast Ep. 17: Assessing the Health of Your Optometry Practice with Dr. Chad Fleming
• Simple Numbers, Straight Talk, Big Profits! by Greg Crabtree and Beverly Blair Harzog
• Profit First by Mike Michalowicz
• The Optometry Money Podcast Ep 53: An Optometrist’s Guide to Estimated Tax Payments
• Eyes on the Money Newsletter: Beware This Practice Ownership Tax Hike
• The Optometry Money Podcast Ep 63: Choosing A Retirement

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 before the year ends and into early next year.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Retirement Plan Contribution Changes for 2024
• The Optometry Money Podcast Ep 63: Choosing A Retirement Plan for Your Optometry Practice
• The Optometry Money Podcast Ep 34: Five Levers to Control Capital Gains on Your Tax Return
• Federal Student Aid: One Time IDR Payment Count Adjustment 
• What to Know About the Corporate Transparency Act?

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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. He talks about how charitable deductions work, bunching your donations, donor advised funds, and more!

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned in the show:

• The Optometry Money Podcast Ep. 34: Five Levers to Control Capital Gains on Your Tax Return
• IRS Tax Exempt Organization Search

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 into how your investment account creates income, how it's taxed, and 5 levers you can pull to control capital gains on your tax return. This episode is a great example of how all the different parts of your finances - investments, taxes, charitable donations, cash flow needs - are all intertwined. You should look at them together when making financial decisions.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps ODs nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned in the show:

• Get Started - Optometry Wealth Advisors
• Schwab: Watch Out for Wash Sales
• Investopedia: Long-term vs. Short-term Capital Gains
• Schwab: How to Cut Your Tax Bill with Tax Loss Harvesting

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 practice. He talks about ways to protect yourself, from exempted assets and insurance to legal entities. He also dives into how optometrists can properly maintain the legal entities to make sure they provide the protection they're created to provide.

Lastly - for optometry practice owners - he talks about how to protect the value of your practice as an asset against the big "what-ifs" that can happen to you as well as through a successful transition.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Pacific Health Law Group, PC
• Phone: 310-776-5384
• The Optometry Money Podcast Ep 81: An Optometrist’s Guide to Estate Planning with Ali Oromchian, J.D., LL.M.
• The Optometry Money Podcast Ep 78: Separating Fact From Fiction of Indexed Universal Life Insurance with Andy Panko, CFP®, RICP®, EA
• The Optometry Money Podcast Ep 77: Ins and Outs of Permanent Life Insurance with Broc Buckles
• The Optometry Money Podcast Ep 76: An Optometrist’s Guide to Life Insurance

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 reviewing an estate plan, the tools and legal documents used in an estate plan, trusts vs. wills, how practice owners should incorporate their practice ownership, and so much more.

This is such an important part of any optometrist's financial planning and managing the big risks in your life. Ali provides a wealth of knowledge so you know what to consider and what to expect when creating and reviewing your estate plan over time.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Dental & Medical Counsel
• Phone: 925-999-8200
• The Optometry Money Podcast Ep 28: Keeping Your Beneficiaries Up To Date

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.

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 practice owners should start considering their practice's value.

Lastly, he discusses how valuations can be improved and ways current valuation methods and recent high valuations are creating roadblocks for the successful transition of independent practices from owner optometrist to the next generation.

Have questions on anything discussed or want to have topics or questions featured on the show? Send Evon an email at evon@optometrywealth.com.

Check out www.optometrywealth.com to get to know more about Evon, his financial planning firm Optometry Wealth Advisors, and how he helps optometrists nationwide. From there, you can schedule a short Intro call to share what's on your mind and learn how Evon helps ODs master their cash flow and debt, build their net worth, and plan purposefully around their money and their practices. 

Resources mentioned on this episode:

• Akrinos LLC
• Women in Optometry - The Great Retirement May Be Coming in Optometry
• The Optometry Money Podcast Ep 41: Navigating Internal Practice Transitions with Dr. Mick Kling and Craig Moritz
• The Optometry Money Podcast Ep 50: Guide to Due Diligence on Practice Purchases with Erich Mattei

The Optometry Money Podcast is dedicated to helping optometrists make better decisions around their money, careers, and practices. The show is hosted by Evon Mendrin, CFP®, CSLP®, owner of Optometry Wealth Advisors, a financial planning firm just for optometrists nationwide.