The Optometry Money Podcast

Evon Mendrin CFP®, CSLP®
  • 5.0 (15)
  • Investing
  • Updated Weekly

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.

  1. (Rewind) Should Optometrists Invest at All-Time Highs? What the Data Says

    5d ago

    (Rewind) Should Optometrists Invest at All-Time Highs? What the Data Says

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Episode Summary With the stock market trading near all-time highs again, it's natural to wonder — should you be worried? Is a crash inevitable? Should you hold off on investing? In this rewind of one of our most popular 2024 episodes, we dig into what history actually tells us about all-time highs in the stock market — and why optometrists should stay the course with the long-term investment plan they've already built. What You'll Learn How common all-time highs actually are historicallyAverage S&P 500 returns one, three, and five years after record highsHow often significant market corrections follow all-time highsWhy declines are a normal and expected part of long-term investingWhat optometrists should focus on instead of market noiseKey Takeaways for Optometrists All-time highs sound alarming — but history says otherwise. Since 1950, the S&P 500 has hit roughly 1,250 all-time highs, averaging about 16 per year. Research from Dimensional Fund Advisors shows that average returns one, three, and five years after record highs are nearly identical to returns after any other given month. And data from RBC Global Asset Management found that only 9% of all-time highs were followed by a 10%+ decline within one year — with that number dropping to 0% over a five-year window. None of this means declines don't happen — they do, and they're a normal part of investing. But for long-term investors, the focus belongs on the things within your control: your savings rate, your practice, your career, and maintaining the right investment mix for your goals. The headlines will always find a reason to worry. Your job is to tune them out and stay invested. Resources for Optometrists Podcast Ep 153: How to Invest Tax-Efficiently and Keep More of Your Returns (After-tax)Podcast Ep 140: What Most Investors Get Wrong About Dividend InvestingDFA: Why A Stock Peak Isn't A CliffRBC GAM: Investing at All-Time HighsHave a question for a future episode? Email: podcast@optometrywealth.comWant a more proactive approach to your planning? Let's schedule a call. You can schedule a no-commitment introductory call to discuss what's on your mind financially and learn how we help optometrists navigate those same decisions nationwide. 👉 Schedule an introductory call 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.

    14 min
  2. Big Student Loan Changes Are Final: What Optometrists Need to Decide Now

    May 29

    Big Student Loan Changes Are Final: What Optometrists Need to Decide Now

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. The Department of Education just released its final rule implementing the federal student loan changes we’ve been tracking over the past couple of years — and while most of it lines up with what we expected, two surprises stood out.  In this episode, we recap how we got here (the official end of the SAVE Plan and the sweeping changes from the One Big Beautiful Bill Act), break down the income-driven options ODs have going forward, and dig into the two surprises in the final rule that could affect your repayment strategy. If you have questions about navigating these decisions alongside the rest of your cash flow, tax, and practice planning, reach out at podcast@optometrywealth.com. What You’ll Learn •Why the SAVE Plan is officially dead and the 90-day decision window for borrowers still in SAVE forbearance •How the One Big Beautiful Bill Act splits borrowers into two groups based on the July 1st date •Why consolidating your federal loans right now could restrict your repayment options •The difference between old and new IBR — and which ODs qualify for each •How the new Repayment Assistance Plan (RAP) works, including its payment calculation and 30-year timeline •The first surprise: new restrictions on who can enter Pay As You Earn before it sunsets in 2028 •The second surprise: how RAP payments are (and aren’t) treated for forgiveness under IBR Key Takeaway July 1st is the date to circle. Whether you’re deciding how to exit SAVE forbearance, weighing a consolidation, or trying to lock in Pay As You Earn before new restrictions hit, the window to act on your best options is closing — and the right move depends heavily on your specific path toward forgiveness or payoff. Resources Podcast Ep. 152: Listener Q&A: Practice Ownership, Backdoor Roths, and Student LoansPodcast Ep. 151: How Filing Taxes Separately Impacts Student Loan Outcomes for OptometristsEp 143: How the Final One Big Beautiful Bill Act Impacts Optometrists – Taxes, Student Loans, and More!Want a more proactive approach to your planning? You can schedule a no-commitment introductory call to discuss what's on your mind financially and learn how we help optometrists navigate those same decisions nationwide. 👉 Schedule an introductory call 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.

    18 min
  3. How to Maximize Your Optometry Practice Value Before You Sell with Erich Mattei

    Apr 24

    How to Maximize Your Optometry Practice Value Before You Sell with Erich Mattei

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Whether you're five to ten years from exiting your optometry practice or just starting to think about it, the decisions you make right now have a major impact on what your practice is ultimately worth.  In this episode, Evon is joined by Erich Mattei of Akrinos — a returning guest who specializes in practice transitions and valuations — to break down the key levers practice owners should be focused on long before they're ready to sell. From profitability and expense benchmarks to payor mix, capital expenditure, and add-backs, this conversation gets into the mechanics of how fair market value is actually determined and what you can do to improve it. What You'll Learn How fair market value for an optometry practice is determinedThe two primary drivers of practice value: profitability and capital expenditureKey expense benchmarks for COGS, occupancy, non-doctor payroll, and general overheadWhy growing revenue matters — and why growing the right revenue matters even moreHow payor mix and cash pay percentage affect practice value and buyer negotiationWhat add-backs are and why minimizing seller discretionary spend before exit is criticalHow associate doctors and full-time equivalent coverage factor into valuationWhy outdated equipment can undermine an otherwise profitable practiceKey Takeaway The time to prepare your practice for sale is long before you're ready to sell. The ODs who get the most at exit are the ones who ran their businesses like a business — with clean financials, controlled expenses, growing revenue through the right channels, and a practice that a buyer can step into with confidence. Resources Erich Mattei / Akrinos: contact@akrinos.comAkrinos 360 Due Diligence Resource — reach out to Erich directly or contact Evon at podcast@optometrywealth.comAkrinos WebsitePodcast Ep 50: Guide to Due Diligence on Practice Purchases with Erich MatteiPodcast Ep 80: Intro to Optometry Practice Valuations with Erich MatteiWant a more proactive approach to your planning? You can schedule a no-commitment introductory call to discuss what's on your mind financially and learn how we help optometrists navigate those same decisions nationwide. 👉 Schedule an introductory call 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.

    1h 1m
  4. How to Stop Scrambling at Tax Time: An Optometrist's Guide to Quarterly Tax Payments

    Apr 16

    How to Stop Scrambling at Tax Time: An Optometrist's Guide to Quarterly Tax Payments

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. It's tax day — and whether you're celebrating a finished return or still working through an extension, tax payments are on your mind. In this episode, we walk through a practical framework for planning your quarterly estimated tax payments so you're not scrambling, stressed, or surprised come tax time.  We cover the two ways ODs pay taxes through the year, IRS safe harbor targets to avoid underpayment penalties, and a simple system to automate the whole process so you stay ahead all year long. What You'll Learn The two ways ODs pay federal taxes through the year — payroll withholdings vs. quarterly estimated paymentsWhich payment method applies based on how you practice (W2, sole prop, S Corp)The three IRS safe harbor targets that protect you from underpayment penaltiesHow to calculate your quarterly payment amount step by stepHow to set up a dedicated tax savings account and automate depositsWhere quarterly tax payments fit in your practice's cash flow priority orderHow to adjust your payments as income changes through the yearThe importance of working proactively with your professionalsKey Takeaway The biggest tax payment headaches come from not having a system. Pick your safe harbor target, calculate your quarterly amount, automate deposits into a dedicated tax account, and adjust as you go. It's not glamorous — but it's how you move from reactive and stressed to in control. And keep in close contact with your financial and tax professionals to make sure you're making proactive decisions with tax payments and planning throughout the year! Resources & Links IRS Pay OnlineIRS Form 2210 — Underpayment of Estimated TaxSchedule a 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.

    21 min
  5. (Rewind) An Optometrist's Guide to Business Entities

    Apr 1

    (Rewind) An Optometrist's Guide to Business Entities

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. 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 optometrists a basic guide to the differences between: Sole ProprietorshipsPartnerships Limited Liability Companies (LLCs)S-CorporationsCorporationsIf you own an optometry practice or are an independent contractor, hopefully this episode brings some clarity around how the different types of businesses operate.  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. 47: An Optometrist's Guide to How Income Taxes WorkIRS.Gov Reasonable Compensation for S Corporation OfficersIRS.Gov How to Apply for an EIN 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.

    35 min
  6. The Location-Independent OD: Compensation, Licensing & the Future of Remote Care with Crystal Edison, OD

    Mar 5

    The Location-Independent OD: Compensation, Licensing & the Future of Remote Care with Crystal Edison, OD

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. Remote optometry is growing fast - and there's quite a range of opinions on what that means for optometry. In this episode, I sit down with Dr. Crystal Edison, a remote optometrist practicing across nine states from her home office, to break down the ins and outs of providing comprehensive remote care.  We cover contracts and compensation of remote ODs, how to navigate multi-state licensing, the technology involved, and Crystal addresses some of the most common myths about the quality and credibility of remote optometry. Whether you're a practice owner struggling to find associate coverage or an OD looking for more flexibility and independence, this one's worth a listen. What You'll Learn What comprehensive remote optometry actually looks like and how it differs from screening-only modelsHow remote ODs are compensated - W2 vs. 1099 roles and the financial trade-offs of eachKey contract negotiation considerations including malpractice coverage and reimbursementsHow to navigate multi-state licensing without a national compact (and tools like ARBO's CELMO that help)The technology investment needed on both the practice side and the remote OD sideHow practice owners can use remote staffing to fill empty chairs and reduce reliance on locumsCommon myths about remote care quality - and the clinical reality behind modern tele-optometryResources Mentioned Crystal Edison on LinkedInEdison Remote Strategies — Crystal's course, The Remote OD BlueprintCrystal's Independent Strong article - Tele-optometry for Owners and AssociatesCELMO through ARBO — Council on Endorsement Licensure Mobility for OptometristsPodcast Ep. 2: Financial and Tax Planning for 1099 OptometristsPodcast Ep. 51: An Optometrist's Guide to the QBI DeductionPodcast Ep. 66: Retirement Plan Options for Independent Contractor OptometristsWant a more proactive approach to your planning? You can schedule a no-commitment introductory call to discuss what's on your mind financially and learn how we help optometrists navigate those same decisions nationwide. 👉 Schedule an introductory call 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.

    46 min
  7. Listener Q&A #2: S Corp Salary, How Much Practice Cash to Keep, Buying Practice Real Estate, and More

    Feb 27

    Listener Q&A #2: S Corp Salary, How Much Practice Cash to Keep, Buying Practice Real Estate, and More

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. We're back with our second listener Q&A episode, tackling real questions from ODs around the country. From S Corp salary decisions and how much cash to keep in your practice, to buying your commercial real estate, preparing your practice for sale, and whether you're overfunding your kids' 529 plans — we cover a lot of ground in this one. Have a question you'd like answered on a future episode? Submit it at optometrywealth.com/podcastquestion. What You'll Learn What goes into determining a "reasonable salary" as an S Corp optometry practice owner — and why you should rely on your CPATwo practical methods for calculating how much cash your optometry practice should keep on handKey factors to weigh when deciding whether to buy your practice's commercial real estateWhat drives practice valuation and how to start preparing 10 years before you want to sellHow to build balance in your net worth over over time and not be overly concentrated in your practiceThe flexibility built into 529 plans that most ODs don't realize they have Key Takeaway Many of these questions come down to the same principle: your practice's cash flow is your most powerful financial tool. Whether you're deciding how much salary to pay yourself, how much cash to hold in the business, or how to diversify your net worth — using that cash flow intentionally and efficiently is what moves the needle over time. Links & Resources Submit a question for a future Q&A episodeIRS: S Corporation Compensation and Medical Insurance IssuesEp 139: Optimize Your Pay – 7 Key Factors for Setting Practice Owners’ CompensationIDOC Practice Cash Reserve White PaperIDOC How Should Optometry Practices Manage Cash?Ep 154: Trump Accounts for Kids - What Optometrists Need to KnowWant a more proactive approach to your planning? You can schedule a no-commitment introductory call to discuss what's on your mind financially and learn how we help optometrists navigate those same decisions nationwide. 👉 Schedule an introductory call 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.

    33 min
  8. Are Your Retirement Accounts Protected from Lawsuits? A Guide for Optometrists

    Feb 20

    Are Your Retirement Accounts Protected from Lawsuits? A Guide for Optometrists

    Questions? Thoughts? Send a Text to The Optometry Money Podcast! We'll answer your question on the show. As an optometrist—especially a practice owner—you face real liability exposure from both your professional work and your business. So how well are your retirement accounts and investments actually protected if something goes wrong?  In this episode, we walk through the different layers of liability protection available to ODs and dive into exactly which retirement and investment accounts are shielded from creditors, which ones aren't, and where the common gaps and misconceptions are. What You'll Learn Four common layers of liability protection available to optometrists (entities, insurance, titling, and federal/state law)Why umbrella insurance is one of the most common gaps in OD insurance planningHow ERISA law protects 401(k) and cash balance plans—and why it's the gold standardWhy solo 401(k) plans do NOT carry the same ERISA protection (a common misconception)How SEP IRAs and SIMPLE IRAs fall short on liability protection compared to full 401(k) plansHow Traditional and Roth IRAs are protected in bankruptcy (and the current dollar limit)What happens to liability protection when you roll a 401(k) into an IRA—and a best practice for keeping those dollars separateHow HSAs, taxable brokerage accounts, and 529 plans are (or aren't) protectedSteps ODs should take now to review their liability exposure Key Takeaway Not all retirement accounts are created equal when it comes to liability protection. ERISA-covered plans like 401(k)s and cash balance plans offer the strongest, unlimited federal protection—making maxing those contributions both a tax strategy and a liability strategy.  But accounts like solo 401(k)s, SIMPLE IRAs, and traditional/Roth IRAs don't carry that same blanket protection, and the gaps are highly state-dependent. Understanding where your dollars sit and how they're protected is an important part of your overall financial plan. Resources Submit your questions for upcoming Listener Q&A episodes: OptometryWealth.com/podcastquestionReach out: podcast@optometrywealth.comWant a more proactive approach to your planning? You can schedule a no-commitment introductory call to discuss what's on your mind financially and learn how we help optometrists navigate those same decisions nationwide. 👉 Schedule an introductory call 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.

    17 min
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Ratings & Reviews

5
out of 5
15 Ratings

About

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.

Information

  • Creator
    Evon Mendrin CFP®, CSLP®
  • Years Active
    2022 - 2026
  • Episodes
    162
  • Rating
    Clean
  • Copyright
    © 2026 The Optometry Money Podcast
  • Show Website
    The Optometry Money Podcast

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