Retirement at Risk: The Hidden Healthcare Burden of Gray Divorce
“There are reasonable options for obtaining health insurance for someone approaching retirement and navigating life after divorce.”-Lili Vasileff
Barron’s – Health Insurance After Divorce Has Gotten Pricier. These Moves Can Help.
“Pricing out plans and tracking expenses can help each spouse understand what adjustments may be necessary to afford healthcare post-divorce, from downsizing to spending cuts to taking on part-time work.”- Lili Vasileff
Barron’s – More Adult Kids Are Moving Back Home. How to Make It Work.
“Before moving in, it’s good to have kids explain their goals and set out clear targets that parents can check in on…” – Lili Vasileff
Burlington Free Press – How Much Money Consumers Need For Stress Free Retirement
“Being wealthy is about financial freedom and loftier goals. Wealthy, to me, means that I have savings that I don’t need to dip into, and I can create a legacy for my children, that I have the ability to have a little more ego in terms of the quality of things that I want…”
USA Today – Do You Need $1 Million to Be Financially ‘Comfortable’?
“Comfortable, to me, means that I can meet my bills every day of the week, that I don’t live paycheck to paycheck, that I have savings set aside as an emergency fund, and that I have made good progress toward achieving my financial goals…” – Lili Vasileff
Vacca Family Law – Tax Implications in Divorce
“Maybe if I can’t afford this house and I have to sell it in two years and it’s all on me, I only get the exclusion up to $250,000, whereas if we sold it as a couple, we could have had a $500,000 exclusion and saved ourselves a lot more in profit.” – Lili Vasileff in re: discussion of tax smart asset division tips for divorce.
MarketWatch – Is this marriage for love — or money? ‘I always recommend a prenup.’
“It’s hard to overcome a client’s enamored passion,” said Lili Vasileff, a certified financial planner in Greenwich, Conn. “Time might prove you right [that the marriage was a mistake], but by that time you’re long fired.”
New York Times – How to Stop a Late-in-Life Divorce From Ruining Your Retirement
“I ask clients, ‘If the house will eat up 70 percent of your income, are you willing to sacrifice 70 percent of everything else in your budget to keep it?’” Ms. Vasileff said.
ADVISOR Magazine – Is Gray Divorce Exploding Due to Financial Incompatibility?
“The older you are, the more complicated it becomes…”
Benzinga: Challenging The $1 Million Retirement Myth – One Economist’s Alternative
“Investment firms and news headlines often suggest you need $1 million in savings to retire comfortably. Still, one prominent economist argues that you can retire for much less, citing the experiences of actual retirees.”
