Did You Forget About Your Own Career During Your Marriage?

Did You Forget About Your Own Career During Your Marriage? by Fabienne Swartz

{3:15 minutes to read} Every divorce is unique. On one end of town, there may be a family struggling to make ends meet, who literally can’t afford to start the divorce process. On “the other side of the tracks,” there may be another family worth millions, thanks to the husband’s brilliant career, which was only made possible by the wife’s sacrifices. Unfortunately, the comfort that she enjoys is more like getting renovations done on a house that she’s renting; it may be nice while she lives there, but in the case of a divorce, she would have to move out and the landlord (her husband) will enjoy the spoils of her toils. 

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New York’s Dollar-For-Dollar Room and Board Credit for College Students

New York’s Dollar-For-Dollar Room and Board Credit for College Students by Fabienne Swartz

{4:27 minutes to read} I have long been suspicious of the way New York considers the issue of college room and board as it relates to child support: Currently, the non-custodial parent is permitted to deduct the entire amount of college room and board paid. This is known as a “dollar-for-dollar” credit, which gets offset from child support payments while that child is attending classes. And that amounts to the custodial parent footing the bill for the child’s food and shelter in college.

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Do Your Current Work Conditions Match Your Expectations?

Do Your Current Work Conditions Match Your Expectations by Fabienne Swartz

{3:32 minutes to read} After graduating from college, women approach their emergent careers with vigor and determination—eager to advance, become breadwinners, and pursue their passions. Somewhere along the career trajectory, many women also yearn to start a family.

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The Power of the Purse: Financial Abuse in Marriage

The Power of the Purse Financial Abuse in Marriage by Fabienne Swartz

{5:05 minutes to read} In a previous blog, I discussed the importance of knowing what you are signing when filing a joint tax return. While devastating, and potentially life altering, tax fraud is only one facet of financial abuse. In a large context, financial abuse can be found in every demographic, in every socioeconomic stratum. 

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Before You Sign a Joint Tax Return, Be Aware of What You’re Signing!

Before You Sign a Joint Tax Return, Be Aware of What You’re Signing! by Fabienne Swartz

{3:55 minutes to read} Tax time is a great prompt—for some people the only prompt—to think about finances. I have found that many of my clients actually know very little about the marital finances, trusting instead that their spouse will make appropriate decisions. Unfortunately, women who do that are putting themselves at risk for a variety of reasons: 

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Hidden Figures: When the Numbers Tell You Something You Don’t Want to Hear

Hidden Figures: When the Numbers Tell You Something You Don’t Want to Hear by Fabienne Swartz

{3:30 minutes to read} A friend of mine has a problem. She is in the middle of a divorce, yet she remains wedded to a lifestyle she can no longer afford. The bulk of the expenses she is claiming are what I would consider unnecessary, like:

  • Retaining a full-time housekeeper;
  • Outfitting her children with designer clothes;
  • Driving a high-end, German car;
  • Grocery shopping at Whole Foods; and 
  • Monthly clothing budget in excess of what many people earn in a month.

Divorce is difficult, and one of the most difficult things about it is figuring out how to pay for two households when there was once only one. In 99% of divorces, the discretionary cash decreases as a result, but that does not mean the quality of life needs to decrease.

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Multilevel Marketing: A Viable Option for Busy Moms and Dads

Multilevel Marketing: A Viable Option for Busy Moms and Dads by Fabienne Swartz

{3:29 minutes to read} Network marketing, or multilevel marketing (MLM), is a type of direct-to-consumer business that relies on a decentralized network of sales representatives to market a product. MLM companies generally have no fixed hours like a traditional 9-5 job, which presents a viable income source for families with young children—as well as retirees living on a fixed income.

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Jokes About Money Undercut Women’s Authority

Jokes About Money Undercut Women’s Authority by Fabienne Swartz

{3:07 minutes to read} In a recent article titled “Why Men Need To Stop Making This Joke About Women,” author Vanessa McGrady sheds light on a problem that is often covered up with uncomfortable laughter and avoiding eye contact. She relays the story of attending a special event where a man addressed the room for a toast and began to make jokes about how his wife is so good at spending “his” money. McGrady alleges that this sort of talk is bad for women, men, and children alike. 

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May/December Relationships: How Will Your Age Difference Define Your Financial Future?

May/December Relationships: How Will Your Age Difference Define Your Financial Future? by Fabienne Swartz

{2:15 minutes to read} One of the most fascinating aspects of humanity is the fact that no two people are exactly alike. We all have different tastes and priorities—and sometimes a lack of priorities.

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What Divorcees of High Earners Should Know about Alimony

What Divorcees of High Earners Should Know about Alimony by Fabienne Swartz

{3:50 minutes to read} When a lesser monied spouse divorces a high-earning spouse, they will likely get $150,000 a year or more in alimony.

These lesser monied spouses may not be able to start work right away. They need to heal and settle; it’s a process that can take the better part of a year or longer. When they go back to work, they probably won’t make the same level of salary as they did before the marriage. Things have changed since they were last in the workforce. By a fair estimate, they might make $50,000–$80,000, even after having completed continuing education.

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