{"id":36842,"date":"2015-04-06t12:00:39","date_gmt":"2015-04-06t16:00:39","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=36842"},"modified":"2024-08-14t09:36:33","modified_gmt":"2024-08-14t13:36:33","slug":"mandatory-retirement-4-reasons-firm-comes-first","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/04\/06\/mandatory-retirement-4-reasons-firm-comes-first\/","title":{"rendered":"mandatory retirement? 4 reasons the firm comes first"},"content":{"rendered":"<p><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-40011\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-290x196.jpg\" alt=\"elderly businessman with hand on door frame\" width=\"290\" height=\"196\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-290x196.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-590x400.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-190x128.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg 1600w\" sizes=\"(max-width: 290px) 100vw, 290px\" \/><\/a><strong>and 6 reasons that firms struggle.<\/strong><\/p>\n<p dir=\"ltr\"><em>by marc rosenberg<\/em><br \/>\n<em> <a href=\"\/\/www.g005e.com\/shop\/retirement-buyout\/\">retirements &amp; buyouts<\/a><\/em><\/p>\n<p>at cpa firms, the concept of requiring partners to retire at a certain age has been around for decades. the mandatory requirement policy has its roots in the \u201cone-firm\u201d concept of managing a firm: the interests of the firm should always be more important than the interests of any individual partner.<\/p>\n<p style=\"padding-left: 30px\"><b>more on retirement:<\/b><b>\u00a0<\/b><a href=\"\/\/www.g005e.com\/2015\/03\/19\/want-goodwill-payments-give-proper-retirement-notice\/\">you want goodwill payments? give proper retirement notice<\/a> | <a href=\"\/\/www.g005e.com\/2015\/03\/12\/retirement-plan-funding-funding\/\">retirement plan funding? what funding?<\/a> | <a href=\"\/\/www.g005e.com\/2015\/02\/19\/compromise-order-goodwill-payouts\/\">compromise is in order for some goodwill payouts<\/a> | <a href=\"\/\/www.g005e.com\/2015\/02\/12\/retiring-partners-take-specialty\/\">when retiring partners take a specialty with them<\/a> | <a href=\"\/\/www.g005e.com\/2015\/02\/05\/clients-leave-reduce-retirement-benefits\/\">if clients leave, do you reduce retirement benefits? <\/a>| <a href=\"http:\/\/feedproxy.google.com\/%7er\/cpatrendlines\/tpxn\/%7e3\/v5n9tuacerq\/?utm_source=feedburner&amp;utm_medium=email\">the multiple of compensation method, fully explained<\/a> | <a href=\"\/\/www.g005e.com\/2015\/01\/01\/the-ins-and-outs-of-aav-for-goodwill\/\">the ins and outs of aav for goodwill<\/a> | <a href=\"http:\/\/feedproxy.google.com\/%7er\/cpatrendlines\/tpxn\/%7e3\/zzfbrxo1zqg\/?utm_source=feedburner&amp;utm_medium=email\">5 points to consider when paying out goodwill<\/a> | <a href=\"\/\/www.g005e.com\/2014\/12\/04\/how-to-set-terms-and-limits-for-goodwill-payouts\/\">how to set terms and limits for goodwill payouts<\/a> | <a href=\"\/\/www.g005e.com\/2014\/11\/27\/4-ways-to-decide-how-to-pay-out-capital\/\">4 ways to decide how to pay out capital<\/a> | <a href=\"\/\/www.g005e.com\/2014\/11\/20\/partners-may-balk-at-guaranteeing-retirement-obligations\/\">partners may balk at guaranteeing retirement obligations<\/a><\/p>\n<p><strong>why a mandatory retirement policy is good for the firm:<\/strong> <a href=\"\/\/www.g005e.com\/2015\/04\/06\/mandatory-retirement-4-reasons-firm-comes-first\/#more-36842\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2015%2f04%2f06%2fmandatory-retirement-4-reasons-firm-comes-first%2f&amp;t=mandatory+retirement%3f+4+reasons+the+firm+comes+first'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2015%2f04%2f06%2fmandatory-retirement-4-reasons-firm-comes-first%2f&amp;title=mandatory+retirement%3f+4+reasons+the+firm+comes+first&amp;summary=and+6+reasons+that+firms+struggle.%0d%0aby+marc+rosenberg%0d%0a+retirements+%26amp%3b+buyouts%0d%0aat+cpa+firms%2c+the+concept+of+requiring+partners+to+retire+at+a+certain+age+has+been+around+for+decades.+the+mandatory+requirement+policy+has+its+roots+in+the+%e2%80%9cone-firm%e2%80%9d+concept+of+managing+a+firm%3a+the+interests+of+the+firm+should+alw'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2015%2f04%2f06%2fmandatory-retirement-4-reasons-firm-comes-first%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li><li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20mandatory%20retirement?%204%20reasons%20the%20firm%20comes%20first&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\r\n\r\n\r\n\r\n%20%20\/\/www.g005e.com\/2015\/04\/06\/mandatory-retirement-4-reasons-firm-comes-first\/\" title=\"email this: mandatory retirement? 4 reasons the firm comes first \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li><\/ul><div class=\"clean\"><\/div> <\/div>","protected":false},"excerpt":{"rendered":"<p><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-40011\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-290x196.jpg\" alt=\"elderly businessman with hand on door frame\" width=\"290\" height=\"196\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-290x196.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-590x400.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189-190x128.jpg 190w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2015\/04\/elderlybusinessmandoor_dollarphotoclub_79612189.jpg 1600w\" sizes=\"(max-width: 290px) 100vw, 290px\" \/><\/a><strong>and 6 reasons that firms struggle.<\/strong><\/p>\n<p dir=\"ltr\"><em>by marc rosenberg<\/em><br \/>\n<em> <a href=\"\/\/www.g005e.com\/shop\/retirement-buyout\/\">retirements &amp; buyouts<\/a><\/em><\/p>\n<p>at cpa firms, the concept of requiring partners to retire at a certain age has been around for decades. the mandatory requirement policy has its roots in the \u201cone-firm\u201d concept of managing a firm: the interests of the firm should always be more important than the interests of any individual partner.<\/p>\n<p style=\"padding-left: 30px\"><b>more on retirement:<\/b><b>\u00a0<\/b><a href=\"\/\/www.g005e.com\/2015\/03\/19\/want-goodwill-payments-give-proper-retirement-notice\/\">you want goodwill payments? give proper retirement notice<\/a> | <a href=\"\/\/www.g005e.com\/2015\/03\/12\/retirement-plan-funding-funding\/\">retirement plan funding? what funding?<\/a> | <a href=\"\/\/www.g005e.com\/2015\/02\/19\/compromise-order-goodwill-payouts\/\">compromise is in order for some goodwill payouts<\/a> | <a href=\"\/\/www.g005e.com\/2015\/02\/12\/retiring-partners-take-specialty\/\">when retiring partners take a specialty with them<\/a> | <a href=\"\/\/www.g005e.com\/2015\/02\/05\/clients-leave-reduce-retirement-benefits\/\">if clients leave, do you reduce retirement benefits? <\/a>| <a href=\"http:\/\/feedproxy.google.com\/%7er\/cpatrendlines\/tpxn\/%7e3\/v5n9tuacerq\/?utm_source=feedburner&amp;utm_medium=email\">the multiple of compensation method, fully explained<\/a> | <a href=\"\/\/www.g005e.com\/2015\/01\/01\/the-ins-and-outs-of-aav-for-goodwill\/\">the ins and outs of aav for goodwill<\/a> | <a href=\"http:\/\/feedproxy.google.com\/%7er\/cpatrendlines\/tpxn\/%7e3\/zzfbrxo1zqg\/?utm_source=feedburner&amp;utm_medium=email\">5 points to consider when paying out goodwill<\/a> | <a href=\"\/\/www.g005e.com\/2014\/12\/04\/how-to-set-terms-and-limits-for-goodwill-payouts\/\">how to set terms and limits for goodwill payouts<\/a> | <a href=\"\/\/www.g005e.com\/2014\/11\/27\/4-ways-to-decide-how-to-pay-out-capital\/\">4 ways to decide how to pay out capital<\/a> | <a href=\"\/\/www.g005e.com\/2014\/11\/20\/partners-may-balk-at-guaranteeing-retirement-obligations\/\">partners may balk at guaranteeing retirement obligations<\/a><\/p>\n<p><strong>why a mandatory retirement policy is good for the firm:<\/strong> <a href=\"\/\/www.g005e.com\/2015\/04\/06\/mandatory-retirement-4-reasons-firm-comes-first\/#more-36842\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2015%2f04%2f06%2fmandatory-retirement-4-reasons-firm-comes-first%2f&amp;t=mandatory+retirement%3f+4+reasons+the+firm+comes+first'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.linkedin.com\/'  href='http:\/\/www.linkedin.com\/sharearticle?mini=true&amp;url=https%3a%2f%2fwww.g005e.com%2f2015%2f04%2f06%2fmandatory-retirement-4-reasons-firm-comes-first%2f&amp;title=mandatory+retirement%3f+4+reasons+the+firm+comes+first&amp;summary=and+6+reasons+that+firms+struggle.%0d%0aby+marc+rosenberg%0d%0a+retirements+%26amp%3b+buyouts%0d%0aat+cpa+firms%2c+the+concept+of+requiring+partners+to+retire+at+a+certain+age+has+been+around+for+decades.+the+mandatory+requirement+policy+has+its+roots+in+the+%e2%80%9cone-firm%e2%80%9d+concept+of+managing+a+firm%3a+the+interests+of+the+firm+should+alw'  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='linkedin'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-850px 0px'   \/> <span class=\"head\">share on linkedin<\/span><\/a><\/li>\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/twitter.com\/'  href=\"http:\/\/twitter.com\/share?url=https%3a%2f%2fwww.g005e.com%2f2015%2f04%2f06%2fmandatory-retirement-4-reasons-firm-comes-first%2f&amp;text=%23cpa+link%3a++-+ via+%40cpa_trendlines\"  ><img  src='\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='twitter'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-1625px 0px'   \/> <span class=\"head\">tweet this item<\/span><\/a><\/li>\n<li class=\"icon_text\"><a rel=\"_self\" href=\"mailto:?subject=cpa%20trendlines%20:%20mandatory%20retirement?%204%20reasons%20the%20firm%20comes%20first&amp;body=here's%20something%20worth%20seeing%20from%20\/\/www.g005e.com...\n\n\n\n%20%20\/\/www.g005e.com\/2015\/04\/06\/mandatory-retirement-4-reasons-firm-comes-first\/\" title=\"email this: mandatory retirement? 4 reasons the firm comes first \"><img loading=\"lazy\" decoding=\"async\" src=\"\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif\" height=\"24\"  width=\"24\" style=\"background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-275px 0px\" class=\"image-24\"  alt=\"email\" \/> <span class=\"head\">email this<\/span><\/a><\/li>\n<\/ul>\n<div class=\"clean\"><\/div>\n<\/p>\n<\/div>\n","protected":false},"author":1339,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5,2374,3120,2298,2266],"tags":[2102,2429,86,572,62,38,57,1416],"class_list":["post-36842","post","type-post","status-publish","format-standard","hentry","category-outlook","category-pay-compensation","category-pro-member-exclusive","category-succession","category-partner","tag-buyout","tag-earnings","tag-partner","tag-pay","tag-retirement","tag-salary","tag-succession","tag-wages","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>mandatory retirement? 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