Shock and Awe - I'm Divorced By Greg Rosen You’ve just returned home from your attorney’s office and you have agreed, in principle, to the final terms of your divorce. Although you feel a sense of relief, you realize you have a lot of work ahead. You are now responsible for an aspect of your life that, in the past, you never had to deal with: Help! I have not had to … [Read more...]
Essential Tax Tips For Divorcing Women
Right now, all across the U.S., people are engaged in that annual ritual we all love to hate: filing state and federal income taxes. If you’re a newly divorced woman, or a woman who’s currently immersed in the divorce process, tax season can seem particularly trying. Do you have a new filing status? Is alimony taxable income? How do you account for child support payments? The … [Read more...]
The Financial Consequences of Late-Life Divorce
It's a simple law of economics that it costs two people less to live together than apart. So, when couples divorce, living expenses go up. Ensuring that you can support yourself after divorce is a priority and that means creating your plan for financial independence. It can mean very significant adjustments for anyone who's been the stay-at-home parent or whose income paid for … [Read more...]
Forget Flu-Season, It’s Divorce-Season
I recently heard a rumor that January was 'divorce month.' Really? I guess I am not surprised as the holidays can really take their toll on people; family gatherings, financial stress, and the pending New Year all have a way of pulling on those heart strings. Apparently, if you're filing for divorce in January you are not alone. If you and your spouse have children, are … [Read more...]
Divorcing Your Old Budget: Marrying a New One
By Tara Eisenhard The Good News: Divorce affords you the opportunity to reinvent yourself! The Bad News: Divorce forces you to reinvent your budget too. Married or single, we all feel the financial squeeze from time to time and many of us feel it the most when we take off our wedding bands (and contemplate selling them to pay for the divorce attorney). At the conclusion of … [Read more...]