Big-firm lawyers may be smart and successful, but they make retirement planning mistakes just like everyone else, say financial planners and wealth managers who work with them.
These include failing to start early enough, not saving and investing enough in their prime earning years, investing too conservatively, insufficiently diversifying their portfolios and carrying too much debt. They also have a few quirks particular to members of the profession, such as being generally risk-averse, planners say.
