Are you a law firm owner contemplating your business's transition? Avoiding these top 10 exit planning mistakes can save you from financial losses and legal difficulties. In this blog post, we will discuss the importance of exit planning, common mistakes to avoid, and provide practical tips to ensure a smooth transition. Exit planning is crucial for law firm owners looking to transition out of … [Read more...]
Using Solar Panels to Beat Rising Inflation
Using Solar Panels to Beat Rising Inflation
By Darren Wurz Mitigating rising costs during periods of inflation is crucial to safeguarding your financial stability. One solution that’s gaining popularity among homeowners is investing in solar panels. This sustainable and renewable power source could keep your energy bills from overrunning your budget while reducing your carbon footprint. Federal Tax Credits: A Financial … [Read more...]
How Do You Sell a Law Practice?
How Do You Sell a Law Practice?
By Darren Wurz When you’ve dedicated years to building a successful law practice, the decision to sell your firm isn’t made lightly. Your clients have come to trust and depend on you, and you’ve built a culture and reputation worth preserving. As you open the door to new opportunities and new wealth for yourself and your family, it’s important to consider all the aspects of a sale to … [Read more...]
10 Powerful Books That Have Shaped Me As a Person and an Investor
10 Powerful Books That Have Shaped Me As a Person and an Investor
By Darren Wurz Similar to lawyers, financial advisors go through years of education and training to earn the certifications that qualify them to help others. However, the learning didn’t stop for me once I earned my degrees and certifications. I want to share these books with you because they’ve helped me develop how I invest and even laid some of the groundwork for who I am today. 1. The … [Read more...]
How Do I Get Income From My Portfolio?
How Do I Get Income From My Portfolio?
By Darren Wurz As an attorney or law firm owner, you’ve likely spent a lifetime building a successful career and saving for the future. Now that retirement is on the horizon, though, you may be wondering how to turn your hard-earned savings into everyday income. Fortunately, there are a number of strategies to address this question. In this guide, we’ll talk about the top 4 tips for drawing … [Read more...]
Is a Roth or Traditional IRA Better?
Is a Roth or Traditional IRA Better?
By Darren Wurz Investing in an individual retirement account (IRA) is a great way to save for your retirement, especially as an add-on to other tax-advantaged retirement plans like 401(k)s. There are two main types of IRAs: traditional IRA and Roth IRA. While both have their advantages and disadvantages, choosing between them is a decision that should be made in the context of your personal … [Read more...]
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