Asking the right questions gives us the chance to arrive at better answers… Answers that give us more security… More stability… Greater opportunity… If you’re going through a divorce, you should ask your financial advisor this question about your long-term financial future — and here’s why.
In today’s episode of Your Money Minute with Tracy Stewart, CPA, I want to talk about why it’s important to understand the impact of your property division in collaborative divorce. Sometimes in divorce, there are things we want — and then things that will be better for us in the long-term. I wish my clients would ask questions that lead them to better options for their tomorrows — not just their today.
I wish clients would ask questions to understand the impact of one option over another — and how that may affect them five, 10 or 25 years down the road. Yes, keeping the house may be grand. But what if that means you walk away with nothing for retirement? Is it worth it then? That home could grow in value… Or maybe not.
It’s my role to help clients understand the ramification of certain decisions, especially the ones that could adversely impact their long-term financial stability. If you’re going through a divorce, please ask your financial advisor to help you understand how your decisions might impact your finances long into the future — because we’re living longer and longer these days, and financial security really does matter.
Financial independence is unbelievably liberating. Find financial freedom by getting a deep understanding of how all of the puzzle pieces fit in your financial future.
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