Continuing Legal Education

Transitions, Economics and Ethics – Ready or Not!

October 12, 2012
12:55 – 4:45 p.m.
3.50 MCLE hours, including 1.50 Professional Responsibility MCLE credit hours (PMCLE credit subject to approval)

ISBA Regional Office
20 S. Clark Street, Suite 900
(map and directions)

Help you and your clients plan for retirement, Medicare,
social security, and more with this informative seminar!

As senior lawyers, we not only advise clients who are contemplating retirement, but we must also plan for our own withdrawal from the workforce. Join us for an in-depth look at transitional planning – from social security and Medicare benefits to succession planning and long-term care insurance. Practitioners (aged 55 and older) and those representing clients planning for transitions who attend this program will gain a better understanding of:

  • How to maximize returns on social security benefits;
  • The common mistakes of retirement planning;
  • The necessary income and assets for a successful retirement plan;
  • How to prepare for financial hardship in the event of a medical calamity;
  • What’s needed for the succession planning of a law firm;
  • And much more.
  • Please Note: Prior to the program, you will receive a weblink via email allowing you to access the course materials prior to the program. You will also receive a copy of the course materials (for no additional charge) when you arrive at the program, but will need to check the appropriate box on the registration page letting us know if you prefer a flash drive or printed course book.

Program Coordinator/Moderator:
Eugenia C. Hunter
, Attorney at Law, Carbondale





12:55 – 1:00 p.m.  Welcome and Introduction

1:00 – 1:30 p.m.  Social Security: How and When to Apply
Knowing how and when to apply for social security is an important part of planning for retirement. This informative segment offers strategies and tips for maximizing returns on social security benefits, and also discusses how this decision can potentially influence other planning choices.
Anthony B. Ferraro, The Law Offices of Anthony B Ferraro LLC, Rosemont

1:30 – 2:00 p.m.  Retirement: How Much Cash is Needed? And Where Will it Come From?
This presentation examines many of the common mistakes and over-simplifications seen in poor retirement plans and helps you determine how much money is needed to retired. Several applicable scenarios and relevant case studies are included throughout the discussion.
Jeremy J. Rumps, First Vice President, Morgan Stanley Smith Barney, Oak Brook

2:00 – 2:30 p.m.  Medicare: What It Is….and Isn’t!
This comprehensive overview offers a better understanding of the Medicare process and benefits, including how and when to enroll, affiliated costs, and gaps in coverage. The various options for filling in Medicare coverage gaps are also included.
David A. Lindgren, Flex, Rosemont

2:30 – 2:45 p.m.  Break (refreshments provided)

2:45 – 3:15 p.m.  Long Term Care Insurance: Why Have It?
With ten-thousand Baby Boomers reaching the age of 65 each day and the cost of nursing home care hovering around $75,000 per year (in Chicago), it is important that seniors plan for the medical assistance that might eventually be needed. This segment explores long term care insurance and discusses how it can be used to plan for the financial hardship that often follows a medical calamity.
James T. Moster, AXA Advisors, LLC, Oak Brook

3:15 – 3:45 p.m.  Succession Planning: Who Will Replace You?*
As with any business planning, attorneys must contemplate who will replace them upon retirement. This session discusses succession planning for the soon-to-retire attorney, as well as what an attorney must do to wind down from running a practice.
Michael E. Webster, Webster and Schelli, P.C., Naperville

3:45 – 4:45 p.m.  Getting Ready: A Panel Discussion on the Practical Approach to Life’s Transitions*
This panel discussion helps you develop a plan of action by offering a practical approach to retirement in which various financial options and ethical considerations are explored.
Anthony B. Ferraro, The Law Offices of Anthony B Ferraro LLC, Rosemont
Eugenia C. Hunter, Attorney at Law, Carbondale
David A. Lindgren, Flex, Rosemont
James T. Moster, AXA Advisors, LLC, Oak Brook
Jeremy J. Rumps, First Vice President, Morgan Stanley Smith Barney, Oak Brook
Michael E. Webster, Webster and Schelli, P.C., Naperville



*Professional Responsibility MCLE credit subject to approval