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...]
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...]
Are We in A Bear Market?
Are We in A Bear Market?
Stocks fell sharply today adding to losses over the past few weeks. The S&P 500 dropped 2.8%. Tech and small caps were hit the hardest, with the Nasdaq falling almost 4% and the Russell 2000 down 3.26%. The Nasdaq closed at its lowest point since December 2020, erasing over a year of gains. So far, this has not been a great year for stocks. The S&P 500 is down 12.4% year-to-date and the … [Read more...]
Attorneys and Student Loans: 5 Tips for Repayment
Attorneys and Student Loans: 5 Tips for Repayment
It’s no secret that going to law school is expensive. Law degrees, like other forms of higher education, are getting more expensive each year. (1) In fact, the average cost of tuition alone is over $45,000 per year. (2) And that’s on top of the cost of an undergraduate degree. This means most attorneys are saddled with an average of $130,000 in student loan debt by the time they pass the … [Read more...]





