Jump-Starting Your Life in the Midst of Divorce

Jump-Starting Your Life In The Midst Of Divorce By Fabienne Swartz

{1:51 minutes to read} Alimony, or spousal support, is meant to be rehabilitative in nature; the non-working spouse is expected to return to the workforce after a certain amount of time.

But when someone has been out of the workforce for a long period of time, they may have missed out on important innovations in their industry.

There is also the spectre of “soft” age discrimination, the unconscious or conscious motivation that leads companies to prefer younger job applicants. Luckily it is not difficult to combat these negative forces with the right plan and action.  [Read more…]

Social Security and Divorce

Social Security and Divorce By Fabienne Swartz{1:23 minutes to read} Social Security is not an entitlement. In order to qualify for Social Security benefits, the recipient must have contributed into the system for a minimum of 10 years. That means if one spouse were to forgo working in order to raise a family, they would be penalized.

Fortunately, the Social Security Administration has a remedy, but it only applies to marriages that lasted 10 years or more [Read more…]

Taming Divorce’s Paper Tiger

Taming Divorce’s Paper Tiger By Fabienne Swartz

{2:58 minutes to read}

Divorce is an emotional roller coaster.

You might wake up one morning in a good mood and confident that the worst is behind you when, all of the sudden, an email from your ex sends you reeling. And on top of that roller coaster, there is another dizzying challenge: Taming the paper tiger of financial documents.

Just as a divorce coach dissects emotional obstacles for their clients, financial advisors dissect that intimidating mound of bills and monthly statements. In New York, the first step toward that goal is gathering the required information to complete a Statement of Net Worth.

I view the Statement of Net Worth as an opportunity; once all of the pertinent information has been gathered, in almost every instance, it becomes apparent that living on one income is going to force each party to make cutbacks in their spending. That is where the idea of spending plans comes in.

[Read more…]

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