Divorce & Penalty Free Retirement Plan Withdrawals
Posted by Christopher Powers on Thu, 08/09/2018 - 17:31
Early retirement account withdrawals come with a penalty fee, on top ordinary taxes. There are exeptions however, if you are awarded funds from in a divorce settlement from an ex-spouses qualified retirement account you may be elgible to withdraw funds ONCE penalty free!
Divorce & Your Credit - 4 Steps You Can Take to Prevent a Credit History Disaster
Posted by Christopher Powers on Wed, 08/01/2018 - 15:21
While the divorce decree outlines who is responsible for paying off certain debt after the divorce, it does not relieve you of your joint contractual obligation to pay off the debt. While the court orders one party to pay off that debt, if payments are missed, both party’s credit will suffer. Take a look at these 4 steps you can take to stay ahead and prevent a Credit History Disaster.
Don't Divorce Your Spousal Social Security
Posted by Chris Powers on Wed, 07/25/2018 - 15:25
Did you know that if you divorce you may still be able to claim a spousal social secuirty benefit? This may be the difference you need to reach your retirement goals. Even if you are still far from retirement, know the benefits you are eligible for!
Why I Chose to Pursue the CDFA®
Posted by Christopher Powers on Wed, 07/11/2018 - 12:36
Over the last 18 years I’ve experienced the joy of couples welcoming newborns and adopted children into their families, the excitement when business aspirations turn into reality and the relief when hard-earned retirement dreams come to fruition. I’ve also observed the heartache and torment caused by divorce and in-fact, experienced that same pain in my own divorce in 2010. Unfortunately, divorce is much too common in today’s society and comes with both emotional and financial costs.