wealth protection management divorce financial planner connecticut
Facebook Twitter Linkedin Instagram Youtube Envelope
wealth protection management divorce financial planner connecticut
Facebook Twitter Linkedin Instagram Youtube Envelope

Wealth Protection Management Articles

Wealth Protection Management Articles

wealth protection management featured image
Articles & Blog

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

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 future.

For those splitting up in their later years or for spouses who worked at home for most of their lives, the financial ramifications can be even worse.

Read More »
August 9, 2019
wealth protection management featured image
Articles & Blog

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

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, the better.

Most people believe that the relationship between age at marriage and divorce risk was almost linear: the older you were, the lower the chances of divorce. Curiously, not only are these basic assumptions mistaken, but also the premise that all divorces face mostly the same financial issues.

Read More »
July 29, 2019
wealth protection management featured image
Articles & Blog

DIVORCE BY DECADE

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 linear: the older you were, the lower the chances of divorce. Curiously, not only are these basic assumptions mistaken, but also the premise that all divorces face mostly the same financial issues. Granted there are three financial topics potentially relevant to every divorce: support, custody, and property division. The factors of each vary considerably by your age and should influence what’s most important to you.

Read More »
June 27, 2019
wealth protection management featured image
Articles & Blog

Widows see their income drop by 50% – don’t be one of them

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, but then it keeps going deeper and deeper,” Ginny says.

And in Ginny’s case, the emotional challenges were compounded by financial setbacks.

Read More »
December 20, 2018
wealth protection management featured image
Articles & Blog

Is Divorce Becoming a Tax Strategy Game?

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 remains unchanged in 2018 and will be grandfathered, other changes in personal and business income taxes will absolutely impact their financial outcomes. Clearly, the spectrum of changes in the “Tax Cuts and Jobs Act” (H.R. 1) for individuals ranges from tax brackets, deductions, and tax credits to tax shelters.

Read More »
December 15, 2018
wealth protection management featured image
Articles & Blog

A Money Smart Divorce

December is expected to be a busy month for the nation’s divorce courts. The tax overhaul enacted late last year eliminated the deduction for alimony, but unlike most provisions in the law, this one doesn’t take effect until 2019.

Read More »
November 1, 2018
wealth protection management featured image
Articles & Blog

Baby boomers are divorcing at a stunning rate

Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with.

That may be what some boomers are facing. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report. Statistically speaking we’re healthier and probably going to be living a lot longer — possibly 30 years longer — than average retirees once did.

Read More »
October 24, 2018
wealth protection management featured image
Articles & Blog

9 Expert Tips For Negotiating an Alimony Settlement

Second only to child custody, alimony is one of the most contentious and difficult-to-navigate processes in any divorce. When two people are splitting up, particularly when that split is acrimonious, the last thing either of them wants to discuss is the prospect of giving money to each other. But, the topic has to be dealt with and the only way to do it successfully is to go in armed with as much knowledge as possible.

Read More »
July 22, 2018