Ep 9 Crafting a Rewarding Retirement: Strategic Exit Planning for Attorneys

The Lawyer's Money Show

Embarking on the path to retirement can be as complex as a high-profile legal case, which is why we, Todd Whatley and Ian Weiner, are here to serve as your seasoned guides. We understand that hanging up the robe doesn't mean the same for every lawyer; for some, it's about rewiring instead of retiring. In our latest episode, we unpack the essentials of transitioning from a full-throttle legal career to a life that champions balance, bringing you personal insights and expert advice that will help you pinpoint the perfect moment to step back. Is it time to swap briefs for golf tees or simply slow down the pace? We reveal how a well-timed exit strategy is not just desirable but entirely attainable, whatever your version of 'retirement' looks like.
Navigating the retirement landscape is a strategic endeavor, especially for attorneys with an eye on tax implications. We dissect the nuances of tax-deferred plans, the impact of your nest egg on government benefits, and what Biden's budget could mean for your golden years. Small firm owners and solo practitioners get a special nod, as we map out strategies to maximize retirement savings without running afoul of the taxman. With an emphasis on respect and kindness, our conversation is a beacon for anyone looking to retire smartly and comfortably. Let us arm you with the knowledge to craft a retirement that's as rewarding as your time in the court.

Chapters

1. Ep 9 Crafting a Rewarding Retirement: Strategic Exit Planning for Attorneys (00:00:00)

2. Lawyer's Retirement Planning and Investments (00:00:01)

3. Optimizing Retirement Planning and Taxation (00:09:16)

4. Maximizing Retirement Savings Opportunities (00:18:45)