Retirement Planning

More than 200,000 lawyers will be retiring in the next 10 years. To be prepared for this age wave, younger lawyers should seek mentoring and older lawyers should start planning. Below are planning tips and links to resources with more information.   

Tips
Advisors - consult insurance and financial advisors; contact state bar assistance programs.
Career - consider working part-time or starting a new career. 
Emergencies - be prepared in case you or an immediately family member are disabled.
Health - exercise, eat nutritiously, and get health checkups to avoid issues.
Housing - consider alternative housing for post-retirement years. 
Insurance - plan for Medicare and supplemental insurance.
Savings - determine whether you need to increase savings (or work longer).



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