Do you find yourself in one of these situations?
I’m thinking about getting divorced but haven’t taken that first step.
I’m getting divorced and my attorney isn’t helping me get the settlement I want.
I just got divorced and I have no idea how to manage the household finances.
I’m retiring and I want to make my money last as long as I do.
I haven’t saved enough for retirement.
I’m getting a divorce and I’m close to retirement.
Divorce and retirement have one thing in common: uncertainty. Especially when it comes to money.
Whether you’re getting divorced or retiring, you may be feeling scared, sad, anxious or excited. This is completely normal. But if you’re not careful, emotions can cloud your judgment and prevent you from making smart financial decisions. This is the primary reason why retirement and divorce financial planning are so vital.
One of the biggest mistakes people make is failing to plan. For example, most people don’t save enough money for retirement (which is why I always tell my clients to plan for 100). I’ve also seen couples get caught up in the emotional aspects of divorce and spend time and money that they don’t have. Or they make a decision that they think is best for them in the moment, but not long-term.
Here’s the good news: you don’t have to do make these decisions alone. There are divorce financial specialists who can take a close look at your finances and explain options to you. It’s easy to miss something important – especially if you’re in an emotionally charged situation. Hiring a Retirement Income Certified Professional (RICP™) or a Certified Divorce Financial Analyst (CDFA™) to develop a financial roadmap is one of the best investments you can make for yourself and your family.
Interested in learning more? Contact me for a free divorce financial planning consultation.
Disclaimer: All articles/blog posts are for informational purposes only, and do not constitute legal advice. If you require legal advice, retain a lawyer licensed in your jurisdiction. The opinions expressed are solely those of the author, who is not an attorney.