My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. Kate* called to let me know that she’d decided to leave her company, AFD, Inc., to pay attention to her start-up business full time. She wanted to make a clean break so she planned to add the 401(k) to her existing IRA right … Continue reading Marriage, Financial Planning, and Your 401(k) Rollover
Bill owns a business called Clean Wipers, Inc. that sells unique, high quality windshield wipers to luxury car companies and car owners. Bill and his wife Brenda decide to divorce. Bill tells Brenda he takes an $80,000 salary from the business each year and that he’s thought about selling the business recently because sales were … Continue reading Business Valuation in Divorce: A Very Quick Primer
Many of us love a good scare from time to time. If we didn’t, there wouldn’t be hundreds of horror films making people in movie land rich. Being scared connects us to some powerful primal instincts. We want to run, hide, cower and scream. In the theatre, those feelings are fun. But we should be … Continue reading Frightening mistruths about prenups
My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. Closing a jointly owned credit card account reduces access to credit which, in turn, typically increases your “utilization rate”. The utilization rate is the ratio of credit card debt to available credit. A higher utilization rate means that you are getting closer to using … Continue reading To Close or Not to Close Credit Cards in Divorce
My Today’s Alerts series highlights ideas generated in my divorce financial advisory practice. Your intended or new spouse asks you to sign his or her pre or post marital agreement. You trust your new partner don’t you? He or she has your interests at heart, after all. So, just sign it and move on. But what will … Continue reading Navigating Pre and Post Marital Contracts