How a Law Firm Owner Boosted His Retirement Outlook from 0% to 75% with Smart Financial Planning
When people hear “high six-figure income,” they often assume the person earning it must be set financially. But if you’re a law firm owner, you know that’s not always true.
One of my very first clients — in fact, the very first law firm owner I ever worked with — was making great money but felt like he was drowning. Years later, he’s still with me, and his story shows what’s possible when you finally put the right plan in place.
The Struggle: “Where’s All the Money Going?”
When we first sat down, he was frustrated.
He had no idea where the money was going. It came in and seemed to vanish.
Some months were flush, others were lean. The volatility made him feel like he couldn’t ever get ahead.
He was rebuilding after divorce and trying to put kids through college.
Retirement? He had no target, no savings, no strategy.
When I ran the numbers, his retirement success probability was 0%. Imagine how that feels after decades of hard work.
The Turning Point
We started with the basics: getting clarity.
Cash flow plan. We smoothed out his irregular income so he could finally save consistently.
Emergency reserves. He built a cushion for both his firm and his family.
Spending plan. For the first time, he actually knew where his money was going.
Tax-smart retirement savings. We opened backdoor Roth IRAs for him and his wife, Roth IRAs for the kids, and created a plan to fund a special needs trust for his child with autism.
Piece by piece, we built a system that worked.
The Result
The transformation wasn’t overnight, but it was powerful:
He went from stressed and uncertain to confident and in control.
His retirement outlook jumped from 0% to 75%.
He has a clear plan for college costs, for retirement, and for taking care of his family.
Most importantly, he feels good about the future for the first time in a long time.
The Lesson for Law Firm Owners
This client’s story is not unique. I see versions of it all the time with law firm owners: plenty of income, but no structure, no clarity, and no long-term strategy.
And here’s the truth: you don’t need to bill more hours or grow your firm faster to feel financially free. What you need is a plan that makes your money work for you.
My client’s only regret? Not starting sooner.
Ready for Your Own Reset?
If this sounds familiar — if you’re earning well but feeling behind, uncertain, or stuck — you don’t have to stay there.
Let’s talk about what your version of this transformation could look like.