Episode Details

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How do you maximize the retirement plans in your optometry practice? 

Profit and cash flow are growing, your taxable income is growing. How do you put potentially $100,000 or more into your retirement accounts?

Matt Ruttenberg of Life, Inc. Retirement Services joins Evon once again for Part 2 to talk about how to use the different layers and features of retirement plans to their fullest potential. They dive into:

• The three layers of retirement plan opportunities
• Different methods of profit sharing contributions in your 401(k)
• How a cash balance pension plan works and which optometrists are a good fit
• A key tax planning window before exiting or selling your optometry practice
• How different business entities under the same ownership impact your retirement plans

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. 63: Choosing a Retirement Plan For Your Optometry Practice with Matt Ruttenberg
• Life, Inc. Retirement Services
• Life, Inc. Tax Credit Calculator
• Retirement Plan Evaluator
• Email: matt.ruttenberg@lifeincrs.com
• 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.