Misusing Social Security Wipes Out Your Extra Capital
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.
Listen in and discover:
- The 5 Pillars of Retirement Income Planning– and how timing, taxation, and coordination impact your Social Security benefits
- Common mistakes law firm owners make when claiming Social Security– and how to avoid leaving money on the table
- Strategies to align your benefit start date with your investments, t...
How to Plan Your Retirement and Achieve Financial Independence with Sarah Young
Early retirement and financial independence are the dream for almost anyone, but how do we plan for and achieve them? How much money is needed to retire and be financially independent? Is the income from your law firm enough? If not, how can you get cash flow outside your business?
In this episode, Sarah Young of Young + Co joins us to discuss the value of CFOs in making financial decisions and planning your firm's growth trajectory. She builds on her years of CFO experience and shares tactical ways to increase your cash flow, prepare for retirement, and achieve financial independence!Â
If you want to know how to create cash flow outside your law firm, this episode is for you!Â
Here are three reasons why you should listen to this episode
- Learn how to build the financial plan for your law firm.Â
- Know the importance of diversification and knowing where to put your profits.Â
- Find tactical ways to grow your money and achieve retirement and financial independence!Â
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Author
Moshe Amsel
Author
Moshe Amsel the host of the Profit with Law podcast is not an attorney. 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.
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