Search Results for: Income splitting
How to Handle Your Finances in a Divorce: A Financial Advisor’s Guide
Divorce is one of those uncomfortable words that, when entering a blissful marriage, we hope never applies to us. But you and I both know that, unfortunately, divorce happens—a lot. It can be one of the most emotionally and financially challenging experiences in life.
Top 10 Apps to Track Holiday Expenses
Managing holiday spending is no easy task, especially with the pressures of gifts, gatherings, and travel. Here are the top 10 apps to track holiday expenses. They will help you track every penny and stay on budget this holiday season. These apps offer excellent features for both families and individuals, and each includes a review quote and a specific use case to bring the app to life!
Divorce & IRA Accounts
During the course of a divorce, any assets you and your spouse had will need to be divided. With the help of your lawyers or a mediator, you will decide who gets what property, how to divide your savings and how to divvy up the retirement accounts. Splitting up the 401(k)s and the IRAs is a bit trickier than simply dividing a regular savings account.
The Effects of Divorce on Women & Men
Like any major life change, divorce can cause great amounts of stress. While men and women may express their emotions differently, both experience a period of emotional adjustment. In addition to the emotional effects of divorce, men and women may also experience financial changes and changes to their parental roles. The extent of these effects depends on many factors, including the individuals involved, their relationship with each other, financial conditions, support networks, family dynamics and parental skills.