Posts Tagged ‘Certified Financial Planner’
But I Have a Financial Planner… Why Do I Need a Divorce Financial Planner?
Do you know the difference between someone who says they’re a “financial planner” vs. a “CERTIFIED FINANCIAL PLANNER™“ professional vs. “Divorce Financial Planner”? I am a CERTIFIED FINANCIAL PLANNER™ professional, (CFP®) who is also a Certified Divorce Financial Analyst (CDFA®). (Note: To adhere to compliance obligations, I must spell out CFP in all caps, etc.)…
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This Season on RHONJ…
It’s a simple concept but somehow it comes up over and over; the ramifications can’t be emphasized enough: Very few women (and men) fully understand the legal and financial implications that their partners’ actions have when married. Whether it’s purposeful denial of reality or that someone lacked the capacity to understand the math involved, you…
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Divorcing? How to Protect Your Child’s College Funds
Recently, I was quoted in a Reuters article which showcased various ways that families save funds for their children to attend college. Sometimes in my work as a Certified Financial Planner®, I use the example of divorce as a way to communicate one of the best reasons to hold funds in a 529 college savings…
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4 Rookie Mistakes “Chumps” Cheated on Make…
Last week, I flew to Washington DC for the weekend in order to attend a book launch and after-party for author Tracy Schorn at the National Press Club. Not only does Tracy write the daily blog chumplady.com, with over 10 million views, but her new book Leave a Cheater, Gain a Life is a #1…
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Should You Execute a Postnup or File for Divorce?
If you’re the higher wage earner married to a husband who is chronically “underemployed,” this can cause a lot of resentment. Over time, resentment stemming from an imbalance of money or imbalance of responsibility spills over into other areas and, subsequently, degrades a marriage. Recently, a reader of this blog requested I write on this topic, as…
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That Son of a B*#!h Took My Dependent! What Do I Do?
I clicked the e-File button to submit a last-minute client’s tax return. Within minutes, the IRS pinged me in their cryptic code: “Another taxpayer has claimed this dependent in a tax return already filed.” When that happens, there can only be two scenarios: either somebody has stolen their child’s identity or their ex-spouse has beat…
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3 Details NOT to Be Put Off to Your “Post-Divorce” Checklist
Most people don’t realize there is anything left to do after the divorce agreement is finalized. Once they’ve hammered out the details of the divorce settlement, signed on the dotted line, and accepted their fate, many clients assume that their attorney is going to take care of all the transitional issues for every item. However,…
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Put Your Money to Work Toward Your Future
Perhaps you are newly divorced or are going to be filing your tax return without your spouse for the first time this year. Failure to plan ahead can result in an unexpected tax liability. However, with proper planning, you may find yourself in the fortunate position of receiving a refund. Here are some suggestions about…
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Should I Try to Keep the House? (Divorce & Mortgage Issues)
One of the most complex questions in litigation or mediation is, “Should I try to keep the house?” This calculation requires accurate financial analysis prior to negotiation to evaluate whether (or not) it’s a worthwhile want. Because the marital home is such an emotional trigger, it often leads clients to override logic with wishful thinking—“Yes,…
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Since Lifetime Spousal Support Is Dying Away…
Once upon a time, in a land far, far away, “marriage, motherhood and homemaking” was considered a practical answer to the dilemma of long-term financial security. Lots of things have changed for better or worse. In the plus column: higher education, greater job opportunities and more “you can have it all, baby.” On the minus…
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