Finances are a fraught area for many attorneys. Lawyers often find themselves having to operate as entrepreneurs to launch a small firm or solo practice.
This episode of the ABA Journal’s Modern Law Library features Darren Wurz, a financial planner who specializes in working with law firm owners and author of The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring With Confidence. Darren offers tips for how newly minted attorneys can start off on the right financial foot, as well as options for mid-career professionals who are just now getting a handle on their finances. He also has sage advice for attorney’s nearing retirement on how to build the financial security to create a “work-optional lifestyle” that will allow them to take on only the cases that really interest them.