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...]
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...]
Starting Your Own Law Firm: 5 Keys to Financial Success
Starting Your Own Law Firm: 5 Keys to Financial Success
By Darren Wurz Starting your own law firm can be simultaneously exciting and terrifying. It’s thrilling to finally be your own boss after working for years or decades as part of someone else’s firm, but the logistics can be nerve-wracking, especially if you’ve never had to consider the financial side of running a law firm. We get it. At Wurz Financial Services, we think starting your own lawn … [Read more...]
The 5 Worst Investment Mistakes You Can Make Right Now
The 5 Worst Investment Mistakes You Can Make Right Now
By Darren Wurz The U.S. stock markets have experienced renewed volatility following Federal Reserve Chair Jerome Powell’s speech at Jackson Hole on August 26th. He reiterated the Fed’s aggressive stance on inflation and said further interest rate hikes could lead to slow economic growth and rising joblessness. (1) With the Nasdaq down nearly 7% and the S&P down 5%, many people are … [Read more...]
Individual 401(k) vs. SEP IRA: Which Is Best for You?
Individual 401(k) vs. SEP IRA: Which Is Best for You?
By Darren Wurz As a law firm owner, it can be hard to save for retirement when there are so many other aspects of your business to worry about. Between managing your caseload and running the day-to-day operations of the firm, retirement planning usually ends up at the bottom of the to-do list. Even when you do commit to starting a retirement plan, it can be difficult to sort through … [Read more...]