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A few states place monetary value on degrees such as a medical degree, a dental degree, or a law degree.  That’s not the case in Colorado, so the value of a degree needs to be evaluated in a different way. Some corporate employees have many […]

Once the dust has settled, follow these steps to get back on track with your finances. Get the lay of the land Before you can find your feet, you need to know exactly what’s going on with your money. That means pulling your head out […]

For simplicity, let’s assume that the wife is the lower wage-earning spouse in the examples below. If a couple has been married for 10 years or longer and they get divorced, the wife is still entitled to half of her ex-husband’s Social Security Retirement Benefits […]

One of the most often missed topics in divorce planning is basis.  Whether we’re talking about the house, stocks or other real estate, knowing the basis is a must when taking on the task of separating property.  Consider the following case study. Kris and Brian […]

Normally, distributions made before the participant attains age 59 ½ are called “early distributions,” and are subject to a 10% penalty tax.  The tax does not apply to early distributions upon death, disability, annuity payments for the life expectancy of the individual, or distributions made […]

No one can predict when or whether that fateful “yes” they said on their big day will turn in a resounding “no”, with them ending up being served divorce papers. It’s a traumatic experience and a draining process, both emotionally and financially. Still, it’s sometimes […]

The divorce rate in the U.S. has steadily fallen over the past two decades, with the latest statistic putting 2.5 per 1,000 marriages ending in divorce or annulment. But while overall rates are dropping, people over 50 have actually seen a rise in divorces. Dubbed “gray divorce,” data from Pew Research Center show that […]

Divorce is rarely easy, and its implications on your finances can be complex. Here’s a look at the main tax consequences of divorce for you and your ex-spouse. Child support If you and your ex had children, one of you would likely need to pay […]

Divorced parents raising their children in two households face real difficulties. The children will likely attempt to leverage what the one parent is supposedly saying or doing to gain advantage with the other. Parents often try to “win over” their children, as if to become […]

1.     Having Unrealistic Expectations and the Wrong Mindset Having unrealistic expectations and the wrong mindset are the two most common divorce mistakes people can make. There are many people that approach divorce as a battle and make decisions accordingly. While this makes divorce professionals a […]