Financial Planning Tips For Retiring Law Firm Partners

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By Michael Delgass (October 20, 2021, 4:17 PM EDT) — In 2020, more Baby Boomers retired than in any other previous year, and since the pandemic started, at least 1.7 million more people have retired than expected.[1]

As the pandemic continues, more people than average may find themselves retiring earlier than anticipated to escape the complications of working from home or returning to offices.

For law firm partners who are planning on retiring soon, there are unique considerations that should be taken before their last day rolls around.

With both high salaries and high debts, many freshly minted partners in BigLaw and elsewhere need to manage a precarious financial balance during the first few years…

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