Latest news with #Lawyer
Yahoo
an hour ago
- Business
- Yahoo
The Next Step: Is this young lawyer on track to retire?
Retirement planning can feel overwhelming, but what if taking just one step could improve your outlook? That's the idea behind The Next Step, Financial Planning's newest series. We're inviting Americans from all walks of life to participate. By sharing basic details about their savings, income and retirement goals, participants provide a snapshot of their current financial situations. We then anonymize this information and present it to professional financial advisors, asking: What single step could make the biggest difference in this person's retirement readiness? Each edition of The Next Step will spotlight an individual's story and feature actionable advice from advisors on how they can take their next step toward a more secure retirement. For the inaugural edition, Financial Planning heard from a 26-year-old lawyer living in New York City. Here's a snapshot of their current finances and how they compare to an average U.S. adult in their same age bracket. The saver makes just under $84,000 annually, roughly 43% more than the median full-time worker in their age range. Currently, 14% of their income goes toward retirement savings. After taxes and withholdings, they receive $4,858 in monthly income, more than enough to cover their average monthly expenses of $2,095. Even after attending law school, the saver has no debt. That puts them well ahead of the median debt figure for someone in their age bracket. Adults less than 35 years old report a median debt figure of just under $43,000. The saver has $5,000 stowed away for retirement, roughly 74% less than the median adult in their age range. About 60% of that is in pretax retirement accounts, while the other 40% is in nonqualified accounts. Based on their current income and contribution rate, they save just under $1,000 every month toward retirement. READ MORE: As Social Security claims surge, young investors brace for its absence The saver said they want to retire at 67, with plans to spend slightly more than they currently do. Based on their desired retirement age, FP projected how much money they can expect to have at 67, given a $5,000 starting base and a monthly contribution of $978. In the calculation, FP assumes an average inflation-adjusted return of 7%. General savings guidelines suggested by Fidelity Investments recommend having savings equaling one year of your annual salary by age 30, with the goal of having 10 times your annual salary saved by age 67. The saver also said they do not have a spouse with whom they share a retirement strategy. Based on the information they shared. Financial Planning asked advisors: "What single step could make the biggest difference in this person's retirement readiness?" Here's what they said: Prime time for Roth contributions Filip Telibasa, founder of Benzina Wealth If I could give just one piece of advice, it would be to start prioritizing Roth contributions now. At 26, their current tax rate is likely the lowest it will ever be, and they have decades ahead for growth. Every dollar contributed to a Roth account buys many years of compounding that will eventually be withdrawn tax-free. Currently, 60% of savings are in pretax accounts and 40% in nonqualified, which means there's most likely no Roth exposure. Shifting contributions to a Roth 401(k) or Roth IRA locks in today's lower tax rate while preserving future flexibility. As income and tax brackets rise over time, they can always pivot back to pretax contributions. The goal is to diversify across all three tax buckets — pretax, after-tax, and nonqualified. This way, they can strategically draw from each in retirement based on their tax situation. READ MORE: For Gen Z, retirement feels out of reach. Can advisors bring it closer? We can't predict future tax policy, but we know their taxes are likely at their lowest today. That makes Roth contributions the smart move while they're young. Heather Hofstetter, client service associate/paraplanner at Angeles Investment Advisors Given the client's age, my first question would be, "What does your emergency savings look like?" My second question is, does the employer match retirement contributions (and if so, how much?). If this client is not already saving enough to receive the full match, my first recommendation would be to increase their savings until they do. If they are already getting the whole match, then I recommend adding savings to a Roth IRA. If they could make the full $7,000 annual contribution, it would go a long way toward providing both income and tax efficiency in retirement, but even a smaller amount done consistently would benefit from the long-term compounding and give them flexibility and options later. (If they were fortunate enough to have a 529 that wasn't exhausted to pay for higher education, the 529 owner might be able to help them seed this account from the excess 529 funds!) Make a roadmap and follow it Judson Meinhart, director of financial planning at Modera Wealth Management If I were going to advise this person to do one thing that can help them, it would be to set a 10-year goal to start working toward. READ MORE: Confronted with college costs, parents reach for their 401(k)s Those early days of saving and investing can be intimidating (investment gains on a $5,000 balance are small, and contributions make up most of the account growth). It might feel like you're not making any progress in those early years, and it can be tempting to give up. Having a roadmap and an achievable 10-year target can help keep things in perspective. The goal doesn't have to be elaborate. A spreadsheet with projected contributions and investment growth can be a simple, yet effective, method to keep you motivated to save. Build a nest egg early Ben Loughery, founder of Lock Wealth Management The only thing I really see is if we could get them to 20% savings … or even meeting in the middle at 17 or 18%, especially before lifestyle creep, possible family with kids in the future, etc. That way, we have time on our side, building the nest egg early. When those bigger expenses do come up around mid-life life, we don't need to worry about playing catch-up as much. Prepare for the unexpected Samuel Molina, founder of The Academy of Financial Education The next step this person can take is to purchase whole life, disability, and long-term insurance to protect their wealth. If they are not insured, a disabling event can become very costly and drain their accounts. READ MORE: How to advise clients on Biden's SAVE plan before it disappears The whole life insurance policy would be to protect against down markets. If the person only has money in investment accounts and we experience a recession, near or during their retirement, they can use the cash value to weather the storm as their investment portfolio rebounds. Take a breath and treat yourself C Garrett Moore, founder of Moore Financial Management My advice for this individual would be: don't forget to enjoy life, too. In short, they're doing great financially. They have an excellent income for their age, they are living well below their means with zero debt, they are saving a fantastic amount, and they are being smart about their tax allocation. So long as they have their investments buttoned up alongside a decent cash cushion, they are in really, really good shape. If they haven't already, they need to take a breath, pat themselves on their back, and treat themselves to something they would like. I always recommend experiences that create memories you'll never forget. Ready to contribute? Financial advisors who are interested in contributing to future editions of The Next Step can submit their names and emails below, and Financial Planning will contact them when there is another opportunity to participate. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Techday NZ
4 days ago
- Business
- Techday NZ
DLA Piper expands New Zealand team with senior promotions & hires
DLA Piper has announced the promotion of three senior lawyers and the recruitment of two new senior associates in New Zealand. The changes come in response to increased client demand in areas including financial services, employment, infrastructure, renewable energy, regulatory reform, and Māori legal matters. Senior promotions Nick Byrnes has been promoted to Special Counsel in Auckland, where he will continue to contribute to the growth of DLA Piper's real estate, construction, and infrastructure practice. Byrnes advises a variety of clients such as global investors and developers on all elements of project delivery for data centre, logistics, student accommodation, and renewable energy developments. He has been recognised as a Future Legal Leader by NZ Lawyer and leads thought leadership on trends shaping New Zealand's built environment. Mike Campbell, now Senior Associate in Wellington, has extensive experience in resource management and local government law. He provides advice to corporates with substantial landholdings and development interests and has represented clients in high-profile litigation related to freshwater, urban development, and forestry. Campbell regularly presents on developments in resource management law. Tyson Hullena, another Senior Associate based in Wellington, enhances the firm's capacity in dispute resolution and Māori law. Hullena's work involves advising Māori landowners and post-settlement governance entities on cases involving tikanga Māori, Māori land and collective ownership, alongside their intersection with common law. He brings specialist insight to legal and regulatory aspects of emerging technology issues, and assists clients with breach of confidence matters and risks around sensitive information. Strategic lateral hires Jennifer Smith has rejoined DLA Piper as Senior Associate in Wellington after working with a law firm in Hong Kong for two years. Smith is recognised for advising financial market participants on managed investment schemes and product offerings across retail and wholesale markets. Her expertise covers Cayman investment vehicles, private equity, and hedge funds, with experience in fund formation, restructuring, and governance. Kieron Creagh joined as Senior Associate in Auckland from a New Zealand law firm earlier in 2025. Admitted in both New Zealand and Australia, Creagh brings trans-Tasman experience to DLA Piper's employment practice. She provides strategic advice on restructures, dispute resolution, compliance with minimum entitlements, and health and safety obligations. Creagh was recognised as a Rising Star by NZ Lawyer in 2022. "Our continued investment in outstanding talent is guided by what our clients need most – whether that is delivering major infrastructure projects, creating innovative financial products, addressing regulatory change, or managing workforce and governance risk. These promotions and appointments deepen our specialist capability in critical areas, ensuring we provide the right expertise locally, while drawing on the strength of our global firm. Each of these lawyers brings unique perspectives that enhance our ability to deliver exceptional outcomes for both New Zealand businesses and those that operate globally." This statement was made by Laura Scampion, Country Managing Partner for DLA Piper in New Zealand. Additional appointments The firm has promoted Michael Fitzpatrick-Cockram to Associate in Wellington, effective from the beginning of July 2025. Three further appointments have been made in Auckland, with Anne Hewson, Paul Park, and Jacob Smith joining the finance, corporate, and litigation/regulatory teams. Over the past year, DLA Piper in New Zealand has made more than eight mid-level and senior lateral hires, strengthening its market position. The firm was awarded 'Best New Zealand Law Firm' at the 2025 Beaton Client Choice Awards. DLA Piper also announced the promotion of James Wrighton to Marketing and Business Development Executive, supporting the growth of client relationships across the country.
Daily Mail
09-07-2025
- Daily Mail
BREAKING NEWS Australian 'criminal royalty' Bertie Kidd dies at 91 after extraordinary 60-year crime career
One of the most prolific major criminals Australia ever produced has died aged 91. Lifelong criminal Bertie Kidd died in a Melbourne hospice this week. For 60 years, Kidd was among the most notorious identities within the local underworld, infamous to several generations of cops and crooks. His own lawyer once suggested Kidd was 'the most complete criminal' in the nation's history. Others have referred to him as 'Australian criminal royalty.' Kidd was 85 when he was released from prison in 2018, amid warnings from those who knew his background and capabilities he was just as dangerous as ever. Kidd was a master safe-breaker, forger of currency and fixer of races. He made millions more staging gold bullion thefts, armed robberies and home invasions. He has also been a prime suspect in two underworld murders and was investigated over the near-fatal shooting of another gangster, all of which he denies doing. While largely unknown outside criminal, correctional and policing circles, English-born Kidd hits the news every decade or so. The last time was in 2015 when Immigration Minister Peter Dutton was determined he be deported the second he stepped foot outside jail. Kidd arrived in this country in 1947 as a 14-year-old as a Ten Pound Pom and has since then considered himself Australian. His family has said any move to send him back to the country of his birth would be 'inhumane'. He started in Melbourne, took his trade up to Sydney, and spent 27 years in prison during three major stints - much of it in maximum security. Kidd got away clean with the vast majority of his crimes, which he likes to call 'projects'. For three years the federal government fought to have the frail felon deported, a battle he won due to his 1950s National Service. He was born in London in 1933 and christened Bertram Douglas Kidd but changed his first name to Robert in the 1960s. He has remained known as Bert or Bertie. 'Even though I've been caught for some, I might have got away with others,' Kidd told Daily Mail Australia in 2019.
Hindustan Times
19-06-2025
- Entertainment
- Hindustan Times
Maargan actor Vijay Antony to collaborate with Yamakaathaghi maker for his next
The multi-hyphenated Tamil film personality Vijay Antony, who is not only an actor, but also edits, scores music, and sings, besides producing films, is gearing up for release of his next film Maargan. The Tamil film is scheduled to release in theatres on June 27, and will be a mystery thriller with a supernatural twist. While that is one of his upcoming projects, Vijay Antony, in a conversation with OTTplay, revealed that he will be teaming up with a yet another young director, Peppin George Jayaseelan, who made the 2025 Tamil film Yamakaathaghi. Stream Vijay Antony's Naan, Kolai and more on OTTplay Premium right now Vijay Antony, who is known for releasing multiple films in a year, has already announced two movies; Shakthi Thirumagan and Lawyer apart from Maargan. While the latter is releasing on June 27, Shakthi Thirumagan is also likely to be a 2025 theatrical release. While speaking to OTTplay on the sidelines of promoting Maargan, Vijay Antony revealed that his next, after Lawyer, will be with Peppin George Jayaseelan, who made the critically-acclaimed Tamil film Yamakaathaghi. The supernatural mystery thriller film released earlier this year and marked the director's debut. An official announcement on Peppin and Vijay Antony's is yet to be made. One can expect more details in the coming months. Meanwhile, Vijay Antony's Maargan is directed by Leo John Paul who has also worked as editor in many films. The film will be detective fiction with Vijay Antony playing a sleuth. The actor also has Lawyer, co-starring Raveena Tandon and directed by Joshua Sethuraman, and Shakthi Thirumagan, a film with Arun Prabhu Purushottaman. You can stream Yamakaathaghi on Aha Tamil and OTTplay Premium. The film features Roopa Koduvayur, Geetha Kailasam, and Narendra Prasath among others. It revolves around the untimely demise of a young woman, and how her body and spirit refuse to leave the house as the bereaving family prepare for the final rites. The film hit theatres earlier this year and opened to positive reception among critics
Time of India
10-06-2025
- Entertainment
- Time of India
Bigg Boss Tamil fame Aysha set to make her movie debut with actor Vijay Antony in 'Lawyer'
Popular television actress and Bigg Boss Tamil fame Aysha is all set to make her much-anticipated debut on the silver screen. She will star alongside acclaimed actor and music director Vijay Antony in the upcoming film Lawyer, an intense action drama directed by Joshnu Sethuram. Aysha, who rose to fame through her compelling performance in the TV serial Sathya and later became a household name after her stint on Bigg Boss Tamil, is now stepping into a new chapter of her career. In Lawyer, she takes on a pivotal role that is expected to showcase her acting prowess on a whole new level. View this post on Instagram A post shared by Vijay Antony (@vijayantony) The film also features Bollywood actress Raveena Tandon in a significant role, adding star power to the ensemble cast. Lawyer promises a gripping narrative filled with action, legal drama, and emotional depth, with Vijay Antony playing the titular character. Aysha began her journey in the entertainment industry as a model before transitioning into television. Her move to cinema marks a significant milestone in her career, one that her fans and the industry have been eagerly awaiting. Directed and written by Joshnu Sethuram, Lawyer is expected to hit theatres soon, though an official release date is yet to be announced. With a powerful cast and a compelling storyline, the film is already generating buzz among fans and industry watchers alike.
