Are you a contingency fee attorney? Feel like you pay too much on taxes? You're in the right place. Design a fee deferral program that works best for you. Let's get started.
DISCLOSURE: This is for demonstration purposes only it does not represent an actual account
Income for attorneys can be lumpy. Defer fees in the good years and draw upon them in the bad one's to smooth your income.
Income smoothing will also lower the bracket. Doing this year over year will result in much lower tax burden.
Fee deferral has no RMD. If a large unexpected case comes in, use it to set your kids up for life. Or use it to plan your own retirement.
Similar to a non-qualified deferred compensation plan. The income tax that would normally be due on the income that you generate from a particular case, is deferred to future years when you actually receive distributions.
You would be able to invest the full amount of your fee, rather than just the after tax portion. Also, you can spread you income and taxes out over several tax years. For many this means a smoothing of income. This means less wild peaks and valleys in income, and income tax.
By spreading income received out over several years attorneys stay in a lower tax bracket.
Essentially yes. It is like a 401(K) plan but with no limits on contributions, and no requirement that other attorneys or employees at your firm participate.
Choose from a selection of US fixed income, international fixed income, US equity, international equity, real assets, and model portfolios.
Click the button below to get started. Go through our simple on boarding process, where we get to know you and you get to know us.
Watch video walk throughs, explore different deferral calculations.
Use our tools to create the perfect deferral strategy for you. Or hop on a call with one of our deferral planners
Make your first Deferral. From the side bar you can select to make your first deferral. When a DocuSign will be automatically sent to you.
.png)
The information provided on RegentSettle.com is for educational and informational purposes only and should not be construed as professional financial advice. Visitors are encouraged to consult with a qualified financial advisor or investment professional before making any financial decisions. RegentSettle.com may participate in affiliate marketing programs, which means we may earn commissions on purchases made through links provided on our website. These affiliate relationships do not influence our content or editorial decisions, and we always aim to recommend products or services that we genuinely believe will benefit our audience.
