By Darren Wurz Retirement is just a few years away, so Social Security is on your mind. With all the information out there about how and when to retire, and what to do with your benefits, it’s a challenge to keep it all straight. You know that you have paid into the Social Security system and that you’ll be able to claim benefits at some point, but do you know the ins and outs of your … [Read more...]
Should You Do a 401(k) Rollover?
Should You Do a 401(k) Rollover?
When it comes to ensuring a comfortable retirement, your 401(k) is one of the best weapons in your arsenal. Year after year, you’ve been diligently socking away your hard-earned dollars into this savings vehicle…but what happens to this money if you switch to a new job? The average working adult changes jobs 12 times during their career. (1) This means the days of sticking with one company for an … [Read more...]
Retirement Planning Strategies For Attorneys
Retirement Planning Strategies For Attorneys
You gave 7 years to law school, at least 25 years to building your law firm, and now the payoff is on the horizon. You can smell the salt from your favorite beach in the air, and you hope in the next 5 to 10 years to be spending your days lazily sipping something with a tiny umbrella in it. However, if you are like most attorneys, you still need a plan to help get you from being a successful … [Read more...]
Don’t Outlive Your Money: 3 Retirement Budget Tips
Don’t Outlive Your Money: 3 Retirement Budget Tips
As 2020 nears its end, you’re likely more eager to retire now than ever before! During this tumultuous year, you’ve still been working, day in and day out, just as you have for decades. Often what keeps you going is the knowledge that one day you’ll finally pack up your office (or home office) for good. But rather than eagerly anticipating the golden years of retirement, almost half of all … [Read more...]
How Attorneys Can Catch Up For Retirement
How Attorneys Can Catch Up For Retirement
TV law shows are filled with beautiful people, melodramatic dialogue, and a montage of attorneys jumping out of their seats yelling, “Objection!” Cut to reality, and you’ll find long hours, payroll, and clients that haven’t paid. Having your own practice has its challenges but is just as rewarding. Getting caught up in the day-to-day of running a firm is easy, and you can lose sight of your own … [Read more...]
How Attorneys (And Others) Can Manage Irregular Income
How Attorneys (And Others) Can Manage Irregular Income
One of the unique challenges that attorneys face, particularly contingency-fee attorneys and law firm owners, is irregular income. If your income is irregular, life can feel like a constant cycle of “feast or famine.” You may go weeks or months without seeing much money come in, then, when you do win a big case, you experience a sudden cash windfall. This cycle is difficult to manage … [Read more...]