Lili is speaking at National Conference Event in Chicago
Retirement Income Summit: April 20-21, 2020 | Westin Chicago River North
Join us in Chicago for the industry’s premier retirement planning… Read More
Finances
Yes, Divorces Can Cost a Lot, But There Are Ways to Save
We don't have to tell you that divorce can be a painful, emotional process, exacerbated by drawn out, expensive legal proceedings. You've seen Marriage Story. There's a reason why Laura Dern's character (she played a divorce attorney) was so well-heeled. And yes, even in the best case scenarios, if both parties agree to all the terms, divorce can still… Read More
How happy couples handle money, according to marriage and money experts
Divorce isn’t the happiest way to start the new year, but January is a common time for couples to split: It’s unofficially been dubbed “Divorce Month” in the legal community because of an uptick in divorce filings following the holidays, according to a 2016 study from the University of… Read More
Would you get divorced to save money?
There are plenty of reasons couples get divorced (these money mistakes are a common cause). But what if you could get divorced to save money? by Hanna Horvath Nov. 26,… Read More
Hungerford — Divorce Rates: Lower overall, but much higher for older couples
Sept. 7, 2019
Unbelievable! Divorce rates are down 40% from 1992 when there were 4.8 divorces for every 1,000 Americans. By 2017, that rate was only 2.9. However, divorce rates for older Americans have… Read More
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… Read More
DIVORCE BY DECADE
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
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
Remarried after having kids? Here are tips to avoid accidentally disinheriting them
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
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