In addition to the emotional impact a divorce can have, it’s important to be aware of how your financial position will be impacted. Consider tax implications You’ll also need to consider the tax implications of your divorce. Your sources of income, filing status, and the credits and/or deductions for which you qualify may all be […]
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Now, more than ever, you need to make sure that your finances are on the right track. You will then be able to put the past behind you and set in place the building blocks that can be the foundation for your new financial future. Review your insurance needs Typically, insurance coverage for one or
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Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on all the parties involved. But now that you’ve made it through the process, it’s time to reevaluate your financial life as a single person. Take control of your debt While you’re adjusting to your new budget,
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Going through a divorce can be an emotionally trying time, but it is also an opportunity to start fresh. Now that you are single, it is important to begin with a strong financial base. Assess your current financial situation Following a divorce, you’ll need to get a handle on your finances and assess your current
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My grandmother and my mother-in-law each lived to age 96. Many of us know women who lived to age 100 or later. A lot of women are afraid of a stock market decline, but because we are living longer than ever before, there’s actually something that could be more devastating to your hard earned wealth—the
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