Where should you save your hard earned dollars? Which accounts should you use? In what order?

In this episode, Evon provides a framework for optometrists on where to invest your dollars first and which investment accounts to go to next. He gives an order of operations for saving and investing between:

1. Cash savings
2. Your practice and career
3.  Roth IRA
4. Health Savings Account (HSA)
5. 401(k) or SIMPLE IRA
6. Taxable investment account and any other opportunities that come your way!

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 55: Back to Basics – The Way to Budget That Works Best
• NerdWallet: Mega Backdoor Roth – How They Work

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.