Divorce: How to stay financially secure when you're splitting up

Divorce: How to stay financially secure when you’re splitting up

August 9, 2019
Divorce, Finances, Gray Divorce, Published Article, Quoted In The Media

Getting divorced is an emotional roller-coaster. It also can be a real threat to your personal finances.If you don’t approach your settlement with a clear head and an accurate accounting of your finances, you may find that you can’t afford your new life alone or, just as bad, you could jeopardize the retirement you’re envisioning for yourself in the… Read More

The key things to focus on in divorce, by the decade

July 29, 2019
Divorce, Gray Divorce

Love aside, the impact of divorce in your 20s and 30s is quite a bit different than in your 40s and 50s.Divorce by the decade seems like an odd way to call the shots to identify the risks for a marriage. For years, it seemed like the longer you were married or the longer you waited to get married,… Read More

DIVORCE BY DECADE

June 27, 2019
Divorce, Finances, Published Article

https://www.worthy.com/blog/third-act/finance/top-money-tips-for-older-women/Divorce by the decade seems like an odd way to call the shots to identify the risks for a marriage. For years, it seemed like the longer you were married or the longer you waited to get married, the better. Most people believe that the relationship between age at marriage and divorce risk was almost… Read More

Protecting Yourself Financially during Divorce

April 28, 2019
Divorce, Finances, Gray Divorce, Published Article

I HAVE BEEN PRACTICING AS a financial advisor in divorce for more than 25 years, and in the last 10 years the divorce rate in the U.S. for adults over the age of 50 has doubled. This sharp increase in breakup rates is in first-time, long-term marriages of more than 20 years. My parents' generation had an estimated divorce… Read More

Don’t let money woes silence you after a divorce. Take these steps to get a plan in place

April 5, 2019
Divorce, Quoted In The Media

If you're divorced, you don't need to be told that your financial life has changed.However, one key indicator — how willing you are to talk to family about money — shows just how much your finances and relationships can be upended.Results from the CNBC Invest in You and Acorns Savings Survey show that 56 percent of divorced Americans said… Read More

Strategies For Protecting Threatened Wealth

March 13, 2019
Gray Divorce, Wealth, Women

Every 10 seconds a Boomer turns 60 years old. Gray divorce is what many boomers face. Among U.S. adults over age 50, the divorce rate has doubled since 1994. Contrary to expectations, long term marriages are not immune to divorce and the largest increase (55%) is in first time marriages of over 20 years. With transition and the uncertainty… Read More

Leaving All the Financial Decisions to One Spouse Is Asking for Trouble

January 17, 2019
Finances, Interview, Quoted In The Media

While it's common for one partner to handle most money decisions in a marriage, it's important for planners to make sure to listen to both.It's not uncommon for couples to split up their household duties, with the more money-savvy partner handling the finances. But financial planners say cases where one spouse completely dominates discussions about money and investments while… Read More

Remarried after having kids? Here are tips to avoid accidentally disinheriting them

January 17, 2019
Finances, Quoted In The Media, Wealth

If you've tied the knot again and hope to pass on assets to your kids from a previous marriage, don't overlook the importance of planning for when you pass away.Many people lack even a basic will and the stakes can be higher if you do no estate planning when you remarry. As a result, your children could unintentionally be… Read More

Half of widows see their income drop by 50%. Don’t be one of them

December 20, 2018
Divorce, Finances, Gray Divorce, Household Documents, Interview, Women

In March 2013, Ginny McKinney and her husband, Dan, were shopping for a camper to pursue their dream of traveling to great golf courses around the country. Then Dan died of a heart attack. He was 62 years old and she was 59.“It was devastating. Grief is like an onion. You have the initial shock of the loss itself,… Read More

Is Divorce Becoming a Tax Strategy Game?

December 15, 2018
Divorce, Finances, Taxes

As professionals, we must consider how to address the ripple effect of the repeal of the alimony tax deduction and other uncertainties in the new tax law. Divorce has become a tax strategy game with no clear direction.Many couples who are racing to divorce in 2018 may be surprised to learn that even though the tax character of alimony… Read More

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