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 163: Top 10 Biggest Investor Mistakes
Episode 162: Strategies to Enjoy Your Retirement
Episode 161: Markets: We’re Definitely In a Bear Market!
Episode 160: What’s Going on in Today’s Markets?
Episode 159: Are You Working with a Stagnant Advisor?
Episode 158: Fee Rates: Bad Marks for Canadian Fund Fees
Episode 157: REITs, a Great Way to Add Real Estate to Your Portfolio
Episode 156: Jumping on The Investment Bandwagon
Episode 155: Things You Can Do To Reduce Your Tax Bill
Episode 154: Owning, Loaning, and, Gambling
Episode 153: Why We Should Share Things That Are Great
Episode 152: Big Cities Are in Big Trouble and Need to Change
Episode 151: Scary Times For Investors
Episode 150: Why is Investing So Difficult?
Episode 149: Examining 50 Years of Asset Allocation Strategies
Episode 148: How to Survive a Bear Market?
Episode 147: The Real Estate Market Over the Last 10 Years
Episode 146: Why Are Humans Hard-Wired to be Bad Investors?
Episode 145: How Covid Has Changed Everything
Episode 144: The Many Mistakes That Are Made On Registered Accounts
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