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 103: Our 100th Podcast - It's Been A Heck of A Ride
Episode 102: The Coming Recovery
Episode 101: Volatility in the Market
Episode 100: The Death of a Client
Episode 99: Forecasting? Isn't it Obvious?
Episode 98: Strategies to Employ in the Last 5 Years Before Retirement
Episode 97: Bitcoin - What's All The Hype?
Episode 96: What's the Difference Between ETFs and Mutual Funds Anyway?
Episode 95: How I Made My First Million
Episode 94: Signals of Financial Change
Episode 93: Things You Can Do To Help Your Family During Covid-19
Episode 92: What To-Dos Should You Be Checking Off Your List During Lockdown
Episode 91: Owners vs Loaners: Equities and Fixed Income - How Does Your Portfolio Measure Up?
Episode 90: What Continuing Trends Can We Expect To See in 2021?
Episode 89: Robo - Advisors: Are They Really The Future of Investing?
Episode 88: Dangers in the Market
Episode 87: Financial Evil #4: Solutions For Avoiding Financial Indecency
Episode 86: Financial Evil #4: Financial Indecency
Episode 84: Financial Evils Part 6: Solutions for Eliminating Debt
Episode 83: - Financial Evils Part 5 The 3rd Financial Evil: Debt
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