In this episode of Think Smart with TMFG, Rob McClelland and Mike Connon unpack the unavoidable financial challenges of divorce. They paint a detailed picture of financial complexities that couples should be aware of at the onset and conclusion of a divorce.
The episode offers a comprehensive probe into how divorce can impact different facets of life, from careers to businesses, and how crucially they tie into the finances of the separating couple. With child support, alimony, and distribution of assets at play, the financial landscape can become intricate.
Rob and Mike also touch on the division and distribution of properties post-divorce and the financial difficulties that can arise, especially for the less-earning party. The final discourse shifts to the sometimes forgotten victims of divorce- the children. The hosts discuss the complex aspects of support arrangements, their longevity, and the pressing need for a fair and clear agreement in child support matters.
With insights into estate planning, insurance, changes in wills and beneficiaries, and the importance of tax implications, this episode dives deep into how divorce impacts finances. And most importantly, it underscores a reliable financial advisor's essential role in navigating the tricky waters of separation and divorce.
Episode 257: Financial Planning For Summer Expenses
Episode 256: Capital Gains Inclusion Rate Changes In Canada
Episode 255: Top 10 Mistakes in Retirement
Episode 254: Understanding Trip Medical and Cancellation Insurance - Conversations with Financial Experts Rob and Mike
Episode 253: CPP - The Best Government Pension Plan?
Episode 29: Becoming A Great A Client Takes A Little More You Might Expect
Episode 33: Technology: Making Us Way Better At What We Do!
Episode 85: The Sexy Secrets of Private Equity
Episode 251: Retirement is Shorter Than You Think
Episode 250: Essential Steps for Successful Retirement Planning
Episode 249: Expected Rate of Returns in Retirement
Episode 248: All-In on U.S. Stocks – Wise Move or Risky Strategy?
Episode 247: 2023's Most Valuable Companies
Episode 246: Financial Planning Tightwads and Spendthrifts Which Way Works Better?
Episode 245: TFSA -Best Investment Vehicle For Canadian Retirement Planning
Episode 244: Owning a Second Property in Retirement
Episode 243: 6 Ways to Improve the Probability of a Successful Retirement
Episode 242: 2023 Financial Year in Review: What Went Wrong?
Episode 241: Greatest Investment Quotes of All Time Part II
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