New lawyers practising on their own should develop a business plan and set goals to be achieved.

The legal community may soon be able to get in on the ground floor of an “innovative” retirement plan designed specifically for lawyers and their staff, says Dawn Marchand, vice-president of marketing, product and direct distribut

“Oh man, I’ve got the best life insurance,” said no one ever. That’s because, at the end of the day, most policies operate under the same basic principle: you pay a moderate amount of money every month for insurance that only pays out after you’re dead.

If you are lucky enough to have a company-sponsored pension plan, it’s likely a defined contribution (DC) plan and your employer may offer some amount of matching, meaning they will also be contributing to your retirement savings goal.

Try to remember where you were on this day in 2015. You probably can’t. Now think about the view from the best hotel you ever stayed in.

Sara Forte, an employment lawyer, recently sat down with Lawyers Financial to reflect on her experience starting a firm and building a team. By all accounts, her practical and intuitive approach to success is working. Below are her top three tips.

Life insurance serves many purposes, but one of the top reasons people buy insurance is to replace the income that would normally provide for their family’s lifestyle and long-term security in the event of premature death.

Should you provide financial help to your adult children now or leave them an inheritance later? It’s up to you but giving away some of your wealth while you are still around to see the effects of your generosity can have significant advantages. 

It’s easy to imagine using an insurance policy for a water leak damaging office equipment or if you back your car into a post and crush your bumper, but a disability insurance claim is an unpleasant and abstract event.