How to Rebuild After Divorce and Get Your Life Back on Track

Divorces can be financially devastating. Not only is the loss of a spouse’s income detrimental to your fiscal health, but you also lose moral support, often retirement benefits, and the safety net that comes from having a partner. You can rebuild after divorce and get your life back on track. A few critical steps will help you start getting your life back together and rebuild after divorce. Forgetting or delaying these tasks will cost you precious time and money, and add to your headaches. Rethink Your Retirement Planning Money is typically tight after a divorce: Both partners’ monthly budgets will almost always take a hit as one set of household expenses becomes two. But that’s not an excuse to forget … Read more

Separating Finances When You Are Separating

The following is a guest post by Angie Picardo, a staff writer for NerdWallet, a personal finance website dedicated to helping consumers. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines page. Today, it is almost rare to know people who’ve never been divorced. However, just because we are more familiar with divorce does not mean we are well equipped to handle divorce finances. How can those separating separate finances in a healthy, respectful, and responsible way? Here are some key steps to consider. First of all, keeping emotions from influencing financial decisions is an important first step. Of course, while this may sound like a “duh,” many people know what can happen in the heat of … Read more