Thinking About Retiring? Better Know About ‘Tail’ CoverageBy Loren Golden & Leonard F. AmariAgricultural Law, November 2021If you are thinking about retirement and want peace of mind, it is important to pay attention to tail coverage to protect your family and estate.
Thinking About Retiring? Better Know About ‘Tail’ CoverageBy Loren Golden & Leonard F. AmariSenior Lawyers, May 2021If you are thinking about retirement and want peace of mind, it is important to pay attention to tail coverage to protect your family and estate.
New Year Brings New Rules for Retirement AccountsBy Mary K. McWilliams, Martin P. Ryan, Anna G. Kardaras, & Gregory M. WintersTrusts and Estates, March 2020The recently-passed SECURE Act makes significant changes to the rules related to qualified retirement plan accounts, including IRAs.
New Year Brings New Rules for Retirement AccountsBy Mary K. McWilliams, Martin P. Ryan, Anna G. Kardaras, & Gregory M. WintersCorporate Law Departments, February 2020The recently-passed SECURE Act makes significant changes to the rules related to qualified retirement plan accounts, including IRAs.
Planning for the long termBy Donna J. Jackson & Chantelle Hickman-LaddSenior Lawyers, May 2019When planning for retirement, medical expenses, long-term care, and possible nursing home stays might not be the first thing that pops into someone’s mind. However, these costs might take the biggest bite out your budget.
IRS retirement plan limitations for 2018By Bernard G. PetersEmployee Benefits, June 2018The IRS recently updated the retirement plan limitations for 2018, setting the deferral and catch-up contribution limits for 401(k), 403(b), and 457(b) plans.
IRS retirement plan limitations for 2018By Bernard G. PetersCorporate Law Departments, May 2018The IRS recently updated the retirement plan limitations for 2018, setting the deferral and catch-up contribution limits for 401(k), 403(b), and 457(b) plans.
The alternatives to registering for the ‘active’ practice of lawBy Timothy J. HowardSenior Lawyers, October 2016If you were considering leaving the full-time practice of law, what are your options in registering with the Attorney Registration and Disciplinary Commission (ARDC)? There are four different alternative statuses described in the Illinois Supreme Court Rules. They are “inactive status,” “disability inactive status,” “retirement status” and “permanent retirement status.” The place to begin understanding the differences is Supreme Court Rule 756, which is titled “Registration and Fees.”
Asset allocationBy John J. HoreledSenior Lawyers, June 2015A helpful guide for investing assets wisely.
Law firm succession & exit strategies—Firm size and impact upon strategiesBy John W. OlmsteadLaw Office Management and Economics, Standing Committee on, June 2015A look at how the size of the firm can impact the experience it will likely face during retirement succession, transition, and exit challenges.
Law firm succession and exit strategies: Coming to terms with agingBy John W. OlmsteadLaw Office Management and Economics, Standing Committee on, June 2015Retirement means identifying and having more time to do what you love most. This article provides some ideas for making the difficult transition.
Retirement from the law practiceBy Curtis R. Tobin, IIISenior Lawyers, June 2015The author shares his experiences with gradually reducing his responsibility within the firm.
Spend it while you can!By John W. DamischSenior Lawyers, November 2014The author suggests lawyers advise their clients to spend some of their money and have fun while they can-- and that lawyers should take the same advice!
Save the Date—March 6, 2013Senior Lawyers, February 2013Reserve your seat now for the upcoming program, "Taking Charge of Your Retirement."
View from the ChairBy Don MateerSenior Lawyers, February 2013A review of the book, The Joy of Not Working, A book for the retired, unemployed and overworked, by Ernie J. Zelinski
Should you merge with another law firm?By John W. OlmsteadLaw Office Management and Economics, Standing Committee on, December 2012Successful mergers are based upon a sound integrated business strategy that creates synergy and a combined firm that produces greater client value than either firm can produced alone.
Turning out the lightsBy Donald E. WeihlLaw Office Management and Economics, Standing Committee on, September 2012Selling a practice requires planning that begins long before the actual sale transaction is to take place. Here's a look at some of the usual steps to be taken in the sale process.
Boo hoo! Nothing to do!By Earle MalkinSenior Lawyers, June 2012Some thoughts on what makes a successful retirement.
Law firm succession/Exit strategies: Practice continuation arrangementsBy John W. OlmsteadLaw Office Management and Economics, Standing Committee on, June 2011Lawyers must invest time and effort to find suitable successors for their firms and to create useful, equitable, practice continuation agreements.
Protecting the assets of a retiring attorneyBy Gary T. RafoolSenior Lawyers, June 2011A few observations and suggestions for any attorney contemplating retirement and supplementing a retirement income with a business venture.
Law firm succession/exit strategies: Ideas for getting startedBy John W. OlmsteadLaw Office Management and Economics, Standing Committee on, June 2010You should make a succession/exit plan as soon as possible—not just for retirement but for unexpected situations as well—so that your family, employees and clients are not left in the dark if something should happen to you.
How to practice part-time from afarBy Patrick E. WardGeneral Practice, Solo, and Small Firm, December 2008For several years before I decided to semi-retire, I had a picture of a beautiful, tranquil beach and the inscription below it which read: “Never be so busy making a living that you forget to make a life.”
Practice transitionBy Mary A. CorriganLaw Office Management and Economics, Standing Committee on, August 2007Early in my career retirement was not something I thought about.
