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...]
Don’t Let Inflation Ruin Your Retirement
Don’t Let Inflation Ruin Your Retirement
By Darren Wurz Two of the prevailing themes of 2022 were the rampant levels of inflation and a looming recession. The year may be in the rearview, but concerns over inflation certainly are not. Everything from filling up your gas tank to purchasing everyday necessities has become significantly more expensive, creating major stress for those who are nearing retirement, even if they have been in … [Read more...]
Get Your Financial House in Order for 2023
Get Your Financial House in Order for 2023
By Darren Wurz The countdown to 2023 may be over, but are your finances in order and prepared? At Wurz Financial Services, we know that financial well-being doesn’t just happen overnight. It takes hard work, diligence, and consistency to improve your finances, strengthen your savings, and plan for the future. That’s why we’ve put together this comprehensive financial planning guide for the new … [Read more...]
How to Survive a Recession
How to Survive a Recession
By Darren Wurz If you’ve been listening to the headlines lately, you know that a recession is likely on the way. No one knows exactly when it will happen or how bad it will be, but one thing is certain: It’s better to be prepared than to be caught off guard. Even highly specialized fields, like law, are not immune to the effects of a recessionary environment, but there are proactive steps you … [Read more...]
What My Dad Did for Me: 3 Things You Should Do
What My Dad Did for Me: 3 Things You Should Do
By Darren Wurz Preparing your kids for the reality of life can be one of the hardest aspects of parenting, especially when it comes to teaching them about money. Many people shy away from having conversations about money with their kids, but research shows that it can have lasting effects on their long-term financial literacy. My dad decided early on that he was going to make financial … [Read more...]