Financial Planning for Lawyers

$119.00

While everyone may understand the importance of financial planning, most presentations are centered around retirement planning. However, attorneys have other concerns such as student loans, starting a family, and reducing their taxes as their careers advance.

Want a discount? Become a member by purchasing LawPracticeCLE Unlimited!

Event Details

Webinar Date

Webinar Time

Course Type

Course Instructor

Niraj Chhabra, CFP, MBA, CLTC, CRPC

Original Date Of Course

General Credits

1

Course Description

While everyone may understand the importance of financial planning, most presentations are centered around retirement planning. However, attorneys have other concerns such as student loans, starting a family, and reducing their taxes as their careers advance.

Principles

  • Retirement Planning Strategies
  • Family Planning
  • Tax Reduction Strategies
  • Student loan repayment strategies
  • Estate Planning Strategies
  • Planning for aging parents
  • Budgeting

Syllabus

  1. Overview of the different areas of financial planning: Starting with goals, creating a budget, building an emergency fund student loan strategies as pertains to CARES Act, protection planning, investments, and tax strategy
  2. What is the financial planning process
  3. Different financial planning areas:
        • Budgeting & strategies to pay off loans
        • Discussing life insurance:
              • How much to purchase/when to purchase
              • Different types of life insurance and what make sense when
              • Buy-sell agreements-pitfalls to avoid
        • Disability insurance:
              • Tax strategies leveraging employer plans
              • Pitfalls for self-employed professionals
        • Long-term care options: caring for aging parents & tax consequences.
  4. College funding strategies: new options as a result of the SECURE Act, tax advantages for NY residents & employees
  5. Tax planning strategies leveraging ERISA based plans., Roth IRAs/conversions

 

Instructor

Niraj Chhabra, CFP, MBA, CLTC, CRPC

You may also like…