Episode 92: Tax Free Wealth - Using IRAs and Roth IRAs to Build a Secure Future

🔓 Unlock the secrets to tax-free wealth! On this episode of The Lawyer Millionaire Podcast, host Darren Wurz (Wurtz Financial Services), delves into the powerful benefits of IRAs and Roth IRAs for law firm owners. As your own financial future might lie entirely in your hands, understanding these retirement tools is crucial to building lasting financial security. Why It Matters: Without traditional employer-sponsored retirement plans, law firm owners must take proactive steps to secure their financial future. Discover how leveraging these accounts can help you grow wealth, reduce taxes, and ensure a worry-free retirement. Key Takeaways: The fundamental differences between Traditional IRAs and Roth IRAs. Tax advantages and how they apply to your retirement savings strategy. Income limits and eligibility criteria for contributions and deductions. Real-life examples demonstrating the power of compound growth and tax-free withdrawals. -- Schedule your free 30-minute introductory call today to: • Plan to maximize your financial future • Get answers to your specific questions • Get personalized recommendations for your unique situation https://www.wurzfinancialservices.com... We work with successful attorneys and retiring couples who want more than just a statement every month. Our clients want a personal financial advisor who will help them get organized, simplify their complicated financial life, and manage their investments so they can lead the life they want and preserve a legacy for their kids, grandkids and the causes they care about. Our clients want a financial advisor who will be proactive and who will be there to help them make the right decision at every stage and in all different scenarios. When we first sit down with you, we will take a deep dive into getting to know and understand you and the people and things that matter most to you. We'll talk about where you are now, and clarify where you want to be five years from now, ten years from now and beyond. Then we will collaborate with you to create a comprehensive and organized financial strategy to make sure you are on track to your future goals. We will analyze your entire financial life and help you get a better sense of the entire picture. We will analyze your cash flow and help you find ways to reduce your taxes and improve efficiency. We will help you create and implement an investment strategy appropriate for you. And we will help you think through all the complex decisions you need to make like when to take Social Security and which pension benefit is best for you. We don't just tell you what to do. We work with you to come up with a plan that feels good to you. Do you want to hear from us every month? No problem. Once a quarter? Sure! Once a year? That's fine too. But we will be watching over and managing your portfolio full time. We manage portfolios on a discretionary basis. That means we do the work for you. Our commitment to you is: • We will reach out proactively • We will alert you when it's time to make a change • We will tell you when we see an opportunity • We will answer your calls and return your emails. You need a financial advisor who you trust and who understands your unique needs and challenges. We have been the trusted guide for successful attorneys and retiring couples for over 30 years. And as fiduciaries and independent advisors, we will put your interests first. Schedule your free 30-minute Social Security call below: https://www.wurzfinancialservices.com...