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 203: Relentless Negativity In Journalism is Harming Our View of the World
Episode 202: Economic Predictions - Are They All They’re Cracked Up to Be?
Episode 201: Recession - Is It Coming?
Episode 200: 10 Creative Uses for Life Insurance
Episode 199: An Integrated Portfolio and Financial Plan Are the Key to Success
Episode 198: Unique Ways to Increase Your Retirement Income
Episode 197: The Greatest Portfolio of All time
Episode 196: 10 Attributes of Great Financial Advisors
Episode 195: Why is it So Difficult to Beat the Market?
Episode 194: Cash Solutions
Episode 193: It’s Time to Travel Again!
Episode 192: Rising Interest Rates Might Not Be All Bad?
Episode 191: The Disengaged Spouse
Episode 190: Liquid vs. Illiquid Assets
Episode 189: Why Rebalancing a Portfolio is Important
Episode 188: Rising Interest Rates and the Effect on Homeowners
Episode 187: Why You Should Involve Your Financial Advisor in Your Decisions
Episode 186: Conflicts of Interest That Impact Your Investments
Episode 185: 5 Concepts for Successful Investing from Tuck School of Business Professor Ken French
Episode 184: You Are in Charge of Everything Whether You Want to be or Not
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