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Retirement Planning

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3 Common Objections to Exit Planning

For many business owners, exit planning does not usually make the to-do list. Not enough time, retirement being many years away, or some other reason – there are plenty of excuses owners cite as to why they have not addressed exit planning. With most business owners reliant on their company’s value to fund retirement, why […]

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A Lawyer’s Guide to Bonds and Interest Rates

What in the world is going on with bonds?  That is one of the most common questions I hear these days. Interest rates have gone up considerably in a very short period of time.  When that happens, bond prices go down considerably so halfway through 2022, the bond market is off to its worst start […]

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Working Wealthy – Realizing Your Fear

Fear Is a Powerful Emotion I recently heard someone describe fear in the context of human evolution. The speaker made the point that fear was a good thing for Neanderthals and early humans. The person that heard the dark, threatening noises in the jungle or forest and ventured out into the dark to investigate likely […]

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Market Pullbacks and Financial Planning

With market volatility comes ups and downs. You may pay closer attention to your portfolio when the headlines are flashing red on the screen than prioritizing other aspects of your financial life; it is only natural.  Taking a step back to evaluate the bigger picture can be beneficial to your wealth and stress levels.  When […]

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The 3P’s for Financial Professionals – Passion

One of my favorite questions to ask financial professionals (private equity professionals, investment bankers, and asset managers) is how they define wealth. For some, their answer is largely defined by the strength of their balance sheet or the variety of assets they own. Others characterize it by metrics of their personal success or by the […]

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How to Gracefully Say “No” to Private Investment Opportunities

It seems like a couple of times per month; I’m asked by one of my lawyer clients to review a “PPM” (private placement memorandum) for a new “co-investment” opportunity.  It’s extremely common for law firm partners to get asked to invest alongside their clients, especially if their practice involves any type of private equity or […]

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You Are Ready to Sell Your Business but Is Your Business Ready to Sell?

For most business owners, their business is their biggest asset. It is what they pour the most amount of time, energy, and resources into. Every owner will transition out of their business at some point, but many businesses are not ready to be sold. The retirement plans of most business owners are heavily reliant upon […]

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Working Wealthy – Where Does the Money Go?

Have you ever asked yourself, “where does all the money go”? I’m fairly certain you probably have at least once or twice during your lifetime. Most people leave the question dangling and then pour a glass of wine or unwrap a chocolate. However, you cope with the idea of understanding your spending, you should be […]

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Retiring Well: A 3-Step Guide

We’re running in many directions because of our busy lives. Pause a moment and ask yourself, how often do I find time to dream about and plan my retirement? Your answer is probably not that often – and you’re not alone. And, yet, many of us are anxious as retirement nears or as we experience […]

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Working Wealthy – Budget vs. Goals

Does the term “budget” make your skin crawl? Or perhaps even worse—does it make you shut down? Having been a financial planner for a good part of my adult life, I’ve never really thought of the word “budget” as being a bad word. But in the context of comprehensive financial planning, it can actually derail […]

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3 Reasons You Need a Business Valuation

A full business valuation – many business owners hear those words and cringe.  Hours of data and document gathering, coupled with a hefty price tag, only for someone to provide an estimate of their business’ value that they already have a good handle on.  Why would anyone do that?  What are the benefits?  There are […]

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New Year’s Financial Resolutions for Lawyers

It’s hard to believe that we’re at the beginning of another new year. Since ‘tis the season for making resolutions, I thought I would provide some ideas for helpful New Year’s financial resolutions for attorneys. Putting these tips into practice should help you get 2022 off to a strong start from a financial perspective. 1. […]

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