Deciding whether or not to fight for the house in your divorce can be an overwhelming and emotionally-charged conversation. Yes, there may be many memories and made in your home — but does it make the most sense for your needs, both today and tomorrow?
In today’s episode, I discuss ways to analyze your financial situation in divorce and determine whether or not the house is something worth fighting for.
It’s important to remember to keep your long-term financial needs in mind. How does your savings look? Is your retirement nest egg going to be funded — or will the house stretch you too far financially? It’s important to pause, check with your advisors and proceed carefully. Have your advisor run projections — several years in advance — to understand the financial impact with or without the house.
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