Divorce and Widowhood: Financial Changes When You Become Single
If you find yourself newly single, it can be an incredibly difficult time emotionally. Add in the major financial changes that happen during this transition and it becomes overwhelming for anyone to try to navigate on their own. Today, we are going to be talking about threethings that a divorcee or widow can do to get a hold on their finances during this tumultuous time.
Learn how to navigate your financial landscape, understand tax implications, and manage your expenses effectively. Whether you're currently experiencing these life changes or planning ahead, Erik provides invaluable insights to help ease your transition. With proper guidance and the steps outlined in this episode, you can gain confidence in your financial decisions and ensure a secure future.
Here’s what we discuss in this episode:
0:00 – Intro
0:34 – Understand your finances now
1:20 – Tax considerations
2:33 – Knowing your expenses
3:27 – Challenges
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Investment Advisory Services offered through CreativeOne Wealth, LLC, a SEC registered investment adviser. CreativeOne Wealth, LLC and Bowman Financial Strategies are unaffiliated entities.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 19770 - 2020/2/10
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