AOAExcel, a subsidiary of the American Optometric Association (AOA), is gearing up to host a financial wellness and strategy-targeted workshop designed exclusively for optometrists (ODs).
First up: AOAExcel.
This subsidiary provides professional and personal resources and services for ODs—those already members of the AOA—to assist in advancing their clinical practice.
With AOA membership comes benefits such as:
- Career center access
- Job posting openings
- Retirement planning
- Student loan guidance
- Small business credit card
- Insurance opportunities:
- Malpractice
- Group-term life
- Long-term disability
Let’s talk financial wellness.
As the organization has previously highlighted, it’s never too early to start planning for retirement.
In fact, there are a number of key criteria ODs at all stages of practice—new to the field and those on the cusp of retirement—should keep in mind when it comes to planning for the future.
Included among these are the best questions to ask about investing in a 401K, practice owner-targeted tips for retirement strategies, and a few common pitfalls ODs can avoid when it comes to determining the best plan for them.
- Spoiler: Not having a retirement strategy is a major red flag.
As a bonus: Check out AOAExcel’s guide to retirement savings options (and this one for practice owners).
Now let’s get into this workshop.
Titled Navigating financial wellness as an OD — Strategies to build a secure financial future, the event is open to AOA members and will feature expert advice on how to maximize their financial health by following a few key guidelines:
- Using retirement plans to advance their contributions and reduce their current tax burden
- Identifying the optimal student loan repayment plan to align with their financial goals
- Discovering tried-and-true strategies for protecting an OD’s income and career
- Providing financial protection to their beneficiaries
- Becoming aware of free benefits available to AOA members
Where will this expert advice stem from?
Via AOAExcel’s endorsed business partners, which include:
- Equitable Financial Life Insurance Company (Equitable Financial)
- U.S.-based financial services and insurance company
- For AOA members: Provides retirement savings plans and free one-on-one support to make it easier for practice owners/employees to manage retirement plans
- U.S.-based financial services and insurance company
- Laurel Road
- Digital banking platform offering personalized solutions for healthcare and business professionals
- For AOA members: Offers tailored student loan refinancing and guidance from Gradfin, a financial services tech company
- Digital banking platform offering personalized solutions for healthcare and business professionals
- AGIA
- Program administrator for AOAExcel’s insurance offerings (ie: group long-term disability and group term life insurance)
- For AOA members: Assists in protecting their families’ financial future via insurance products
- Program administrator for AOAExcel’s insurance offerings (ie: group long-term disability and group term life insurance)
So when is this taking place?
Tuesday, Nov. 12, 2024, at 8 pm EST / 5 pm PST.
And where will it be held?
The workshop will be held virtually via EyeLearn, the AOA’s member-exclusive centralized education hub that provides custom and on-demand professional development and educational content.
- To note: This hub also features materials for staff training, practice management, contemporary optometry resources and best practices, and more.
Lastly, how do I register?
AOA members can click here!