Episode Details

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What's the right retirement plan for your private optometry practice? 

Matt Ruttenberg of Life, Inc. Retirement Services joins Evon to talk all about choosing the right retirement plan for your practice. They dive into:

• IRA-based retirement plans, like SEP IRA and SIMPLE IRA plans
• Safe Harbor and Traditional 401(k) plans
• Questions to ask to choose the right plan for your practice
• Updates from the recent SECURE Act 2.0 
• Important enhancements to tax credits for starting retirement plans in your optometry practice

Ultimately, you need to look at your own circumstances, cash flow, and your goals for the plan, and make the decision that works best for you. 

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:

• Life, Inc. Retirement Services
• Life, Inc. Tax Credit Calculator
• Retirement Plan Evaluator
• The Optometry Money Podcast Ep. 40: The Optometrist's Guide to SECURE Act 2.0 

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.