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5 Steps to Stay Ahead of Post-Divorce Money Mistakes

Veliz Katz Law July 19, 2019

Divorce can be a painful, confusing, and nerve-wracking experience that has a massive impact on your finances.

As you move from a single household to two separate homes, income will not stretch as far. Studies show that people need to increase their income by approximately 30% to maintain their current standard of living.

Key issues to keep in mind include:

  1. Personal Budget

  2. Financial Documents

  3. Insurance and Benefits

  4. Taxes

  5. Retirement Asset

While divorce is life-altering emotionally and financially, doing your financial homework can lead to a much better outcome.

Click here to read the full article on CNBC.com by financial journalist Janet Alvarez.