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 126: Global Wealth - Who Owns it All Anyway?
Episode 125: Top Performing Stocks
Episode 124: The Upcoming 2021 Canadian Election
Episode 123: How to Build a Global Bond Portfolio?
Episode 122: How Are Financial Advisors and Firms Paid?
Episode 121: The Best Way to Buy Stocks
Episode 120: 6 Different Types of Traders
Episode 119: Ever Heard of Hidden Taxes?
Episode 118: The Value of Advice: Why Working with an Advisor Pays Off
Episode 117: Great Products, Horrible Investments
Episode 116: Finding Out the Truth Behind Active Mutual Funds
Episode 115: Helping Your Kids with the Purchase of Their First Home
Episode 114: How We Can Do A Better Job For Our Clients
Episode 113: The 10 Biggest Mistakes People Make on Their Personal Income Taxes
Episode 112: Is Canada a Good Place to Die
Episode 111: Change
Episode 110: 10 Numbers We Think You Should Know
Episode 109: The Good Ol' Days
Episode 108: Spending In Retirement
Episode 107: What We Think You Should Be Listening To
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