Social Media with the Rapidly Spreading COVID-19
With the rapidly spreading COVID-19 pandemic, financial professionals, legal professionals, family therapists, mediators and parenting coordinators are assisting separated and divorced families who are navigating
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.
Money woes after a divorce. Take these steps to get a plan in place
If you’re divorced, you don’t need to be told that your financial life has changed. However, one key indicator — how willing
Don’t let money woes silence you after a divorce
If you’re divorced, you don’t need to be told that your financial life has changed.
Leaving All Financial Decisions to One Spouse Is Asking for Trouble
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.
Remarried after kids – 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 disinherited.
“A conversation about estate planning is absolutely critical in remarriages,” said certified financial planner Lili Vasileff, founder and president of Divorce and Money Matters in Greenwich, Connecticut.“It’s emotional and hard to talk about, but the last thing you want to do is leave adult kids with a disaster.”
Early Warning Signs: Impact of Aging on Financial Decision Making
IT IS INEVITABLE that people will see a decline in their financial skills and decision-making ability as they age. No one is exempt: Everyone experiences normal cognitive aging in their later years, which in turn affects various financial skills. The degree of cognitive decline and its effect on specific financial skills varies by individual.
Can I Contribute to an IRA if I Don’t Have a Job?
Most of us do not give it another thought and simply assume we can contribute to an IRA if we meet IRS income criteria. But what if your only source of income is alimony? Guess what – the new tax law changes may just eliminate your only means to save in a retirement account.
Your Money & Your Brain by Jason Zweig looks at neuroeconomics, which is research using brain activity, economics, and behavioral psychology to study how we make decisions.
ABLE Accounts for Individuals with Disabilities
For many years there has been no means by which to save tax-deferred money for a child with disabilities without placing at risk their government
