Retirement Planning

Five Reasons Lawyers Avoid Retirement

Have you noticed how reluctant lawyers are to discuss slowing down their practice? The mere mention of the change causes discomfort.  You might recognize these five obstacles to discussing your retirement: Loss of identity Reluctance to leave ...

Camille Stell - January 10, 2020
In meeting with Retired Partners

Retired Partners Are Valuable Law Firm Resources

Ida Abbot explains the benefits of retired partner groups, pointing to Faegre Benson's successful program and more ideas you can use.

Ida O. Abbott - October 24, 2018
Lawyers climbing bar chart Law Firm for Sale

Law Firm for Sale: Boosting the Value of Your Law Practice

While there are many factors that will influence the selling price, these five will get you started in evaluating — and increasing — your practice's value.

Ryan McPherson - June 19, 2018
saving woman balancing work attorney retirement

Saving for Attorney Retirement While Running Your Law Practice

Why is it so hard to save for “attorney retirement” while you’re building your own firm? You started your practice to have more control, freedom to choose certain clients (and fire others) and potentially, make more money. ...

Ryan McPherson - May 24, 2018
piggy bank with gold coins how much to save for retirement

Retirement: How Much Should You Actually Be Saving?

How much should you actually save for retirement? Everyone from your brother-in-law to your favorite (or least favorite) financial pundit has a view. But, are those opinions even remotely accurate? As opposed to pontificating about retirement ...

Ryan McPherson - April 18, 2018
Lawyer on weather vain retirement planning

Prepare Yourself for a Happy Retirement

Thinking about your retirement? If you are in your 60s or older, you should be. Even if you are in your 50s, it’s a good idea. In fact, whether it's far in the future or just around the corner, there are many reasons to start thinking about ...

Ida O. Abbott - January 30, 2018

Your Boomer Retirement Problem Won’t Just Fade Away

When we talk about generational issues — and we do that frequently — we tend to focus on millennials. That’s only natural because we depend on them to carry law firms into the future. But we also need to pay close attention to baby boomers, the ...

Ida O. Abbott - February 28, 2017
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