Profit with Law: Profitable Law Firm Growth
Small Law Firms often start from the practice of law and not as a business venture. This ends up causing the growth of the firm to be much longer and more painful than it needs to be. If you started a Law Firm with the intention of increasing your impact, freeing up your time and having all the money you will ever need then the strategies we discuss will be priceless for you. Profit with Law is a show focused on the business of running a law firm as a profitable venture. Packaging and pricing your services, getting clients consistently, growing your staff in a way that feels good to you and implementing systems and technology to set yourself up for success are all discussions you will find here on the show. Moshe Amsel the host of the Profit with Law podcast is not an attorney. He has spent 20 years as an executive in the IT industry before becoming an accountant and business advisor for small businesses. As the owner of a successful accounting firm DreamBuilder Financial and Law Firm Growth coaching organization Profit with Law, Moshe has proven that there are better and different ways for a law firm to do business and be successful. Our mission is to empower all people with wealth creation so that this and future generations can lead a better life. We’d love nothing more than to do this by helping law firm owners on their journey. A law firm is not for practice it’s for profit!
Profit with Law: Profitable Law Firm Growth
Misusing Social Security Wipes Out Your Extra Capital
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Shownotes can be found at https://www.profitwithlaw.com/525.
Nearly every law firm owner focuses on retirement– but many are leaving tens of thousands of dollars on the table because they mismanage Social Security.
In this episode of Profit with Law, host Moshe Amsel sits down with retirement income planning specialists and authors Michael Hoeflich and Russell Gaiser to reveal how misusing Social Security can wipe out your extra capital. Drawing from their book Beyond Break Even, Mike and Russ show why Social Security decisions must be at the center of your financial plan– not an afterthought.
If you want to protect your wealth, maximize your legacy, and avoid costly mistakes, this conversation is your roadmap.
Chapters:
[00:00] Why social security planning matters for your law firm clients’ retirement
[06:05] Discover the cornerstone of retirement income planning for attorneys
[11:59] Five pillars every lawyer must consider when planning retirement income
[13:46] Avoid running out of money: key strategies for your clients’ retirement
[17:11] How timing social security impacts taxes for law firm owners
[20:06] Reduce your firm’s tax burden with social security strategies
[24:33] Maximize spousal and survivor benefits for married attorneys
[26:40] Coordinate retirement accounts, pensions, and life insurance with your practice goals
[30:26] Rethink legacy planning: transfer wealth during your lifetime
[33:24] Empower your clients with abundance-focused retirement strategies
[38:08] Learn how to access free social security optimization tools for lawyers
Resources mentioned:
Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!
Check out our Profit with Law YouTube channel!
Learn more about the Profit with Law Elite Coaching Program here
Connect with Russell Gaiser and Michael Hoeflich: Website | Russell’s LinkedIn | Michael’s LinkedIn
Beyond Break Even (Book): beyondbreakevenbook.com
Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/
To request a show topic, recommend a guest or ask a question for the show, please send an email to info@dreambuilderfinancial.com.
Connect with Moshe on:
Facebook - https://www.facebook.com/moshe.amsel
LinkedIn - https://www.linkedin.com/in/mosheamsel/