Planning
How a cash-balance plan works for law-firm partners
A cash-balance plan can let partners set aside far more each year than a 401(k) allows. Here is how it works, who it suits, what it costs the firm and what to ask the actuary.
Inherent Wealth Fund
Category: Planning
Letters, thesis notes and planning articles from the firm.
Planning
The partner’s balance sheet
Partners in professional firms are well paid and under-planned for structural reasons: K-1 income, a capital account they cannot sell, and a retirement that depends on a buyout formula.
Planning
Before the liquidity event: a founder’s checklist
Almost every decision that matters at a sale has to be made before the deal signs. The list we work through with founders and executives, from two years out to the year after.
Planning
What a written investment policy does
A few plain pages written before the first trade: purpose, allocation, limits, liquidity, rebalancing, structure and review. What goes in it, and why it protects the plan from its owners.