The Role of Financial Advisors in Divorce Planning
Financial advisors are crucial to go to throughout the divorce process. Turning Tides Financial is here to provide expertise and guidance to ensure a smooth transition for your finances. Here’s how I can help:
- Retirement Planning: I help my clients to adjust their retirement plans post-divorce. This process can involve revising investment strategies, recalculating retirement needs, and ensuring that the retirement assets are divided fairly.
- Insurance Review: I review your existing policies to ensure that you are adequately covered post-divorce. I review your health, life, and property insurance to help you make the necessary adjustments to protect yourself and your assets.
- Long-Term Financial Planning: While I can help you with your finances post-divorce, I can also help you to plan for the future. This includes setting new financial goals, establishing emergency funds, and planning for future milestones.
- Tax Implications: Divorce can have some tax consequences. I can help you to understand all these consequences such as asset division, alimony, and child support.
- Budgeting and Cash Flow Analysis: I can help you to create new budgets based on your financial situation post-divorce. I can analyze your cash flow to determine your financial goals moving forward and spending levels.
Let me be your financial advocate as you navigate the divorce process. As a Certified Divorce Financial Analyst, CDFA® I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more.
You don't have to go through this alone.
Contact me today at 716-800-4290 to schedule your first appointment.