Wealthy After Divorce

The divorce is final; yet the items on your to-do list are overwhelming enough to make you want to crawl under the covers. For most people, the day after the divorce is just the beginning of the transition process, not the end. The key to maintaining sanity during this overwhelming time is breaking up your financial "To-do" list into manageable “bites”. In this, our first 3 part Mini-Bite Series, Jacki and Melissa break down your post-divorce game plan into things that you should do "NOW", "SOON" and "LATER". Each segment has its own mini episode. 

Part One covers things to do within the first 1-3 months after your divorce is final. Jacki gives the listener clear and practical tips  for tackling those tasks that (if handled right away) will save much stress, aggravation and possibly money later.

• To read about how Pearl Planning and Jacki Roessler, CDFA can help you though your divorce or schedule an initial complimentary consult,  CLICK HERE
• If you're already divorced and are looking for post-divorce financial planning from an advisor who specializes in this area, contact Melissa Fradenburg CLICK HERE TO SCHEDULE A CONSULT
• To download Pearl Planning's post-divorce "budget" worksheet, Click here and scroll down to  "Divorce Budget Worksheet"
• To learn more from Jacki about why timing is so important with QDROs, CLICK HERE TO LISTEN NOW 

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Prepare to be inspired as we are joined by Judy Richmond, the Women to Work Coordinator at Gesher Human Services, who gives us a detailed look into the transformative Women to Work Program. This program is a beacon of hope for women needing to reenter the workforce, offering essential skills training, peer support, and financial management techniques. Listen in as Judy outlines the eight-session journey, highlighting valuable learning experiences that the program offers, includiing the crafting of engaging resumes and conducting effective job searches.

Let’s get inspired together as Judy and Jacki share the heartwarming stories of resilience and triumph that testify to the program’s success. Whether you're a woman looking to reenter the workforce or you want to know more about empowering women, this episode is a must-listen.

RESOURCES

• Learn more about the Women to Work program CLICK HERE 
• For more information about Women to Work's upcoming Free Workshops for workforce re-entry, contact Judy Richmond at [email protected] or 248-233-4232.
• To read about how Pearl Planning and Jacki Roessler, CDFA can help you though your divorce or schedule an initial complimentary consult,  CLICK HERE
• If you're already divorced and are looking for post-divorce financial planning from an advisor who specializes in this area, contact Melissa Fradenburg CLICK HERE TO SCHEDULE A CONSULT
• If you're considering divorce and want to prepare yourself financially, CLICK HERE

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Are you in your 50s (and up), divorced or in the process of divorce? A future long-term care need can derail your entire financial plan and divorce settlement-unless you're  prepared.  Long-term care needs in our later years can be catastrophically expensive-especially when you  don't have a partner to share the burden.  Whether it's in a desirable facility or in your home; you want to make sure you're protected. Join us as we talk with renowned Terry Altman, CLU, ChFC, CFP a veteran risk management and insurance expert, who brilliantly demystifies this complex topic. Terry, with his profound experience in the field, paints a clear picture of long-term care insurance, its importance, and who it is essential for. He emphasizes that this insurance doesn't just shoulder nursing home costs but also covers in-home care, something many people often overlook.

RESOURCES

• Learn more about Terry HERE
  • Phone: (248) 481-8775
    Fax: (248) 481-8776
    Send a Message to Terry R. Altman
• To read about how Pearl Planning and Jacki Roessler, CDFA can help you though your divorce or schedule an initial complimentary consult,  CLICK HERE
• Connect with Terry on LinkedIn Here
• If your already divorced and are looking for post-divorce financial planning from an advisor who specializes in this area, contact Melissa Fradenburg CLICK HERE TO SCHEDULE A CONSULT
• If you're considering divorce and want some preliminary financial information, CLICK HERE

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Have you ever felt powerless in your financial life, or worried that someone close to you may be taking advantage of your money? We're here to help you recognize and overcome financial abuse. In this episode,  Jacki Roessler, CDFA talks with  Stacy Francis, CFP, CDFA, CES, president and CEO of Francis Financial and founder of Savvy Ladies, who shares her personal experience growing up with a grandmother who suffered from physical, emotional, and financial abuse. Together, we discuss the red flags of financial abuse, what steps to take if you suspect you're a victim, and how to reclaim your financial power.

**This episode contains a content warning. Among the topics discussed are financial abuse and domestic violence. These topics can be upsetting. Please use self-care and caution to decide if you want to consume this content.**

RESOURCES

• You can learn more about Stacy Francis, CFP, CDFA, CES and find all the resources mentioned in this episode  HERE.
• To read about how Pearl Planning can help you though your divorce or schedule an initial complimentary consult,  CLICK HERE
• Share the  Savvy Ladies Helpline
• If you're considering divorce and want some preliminary financial information, CLICK HERE

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

https://francisfinancial.com/blog-posts/financial-abuse-the-most-common-type-of-abuse-that-far-too-many-ignore/

Navigating insurance after a divorce can be a complex and confusing process, but our guest, Mike Turkaly from Advanced Insurance, is here to guide us through it all. In this insightful conversation, we uncover the key differences between COBRA and individual policies, discuss the timing of when to elect COBRA coverage, and learn how premiums are usually handled.  Mike further breaks down the basics of Medicare Part A and B, explaining the requirements for Medicare Advantage or Medicare Supplement plans.

 Resources:

•  CLICK HERE to schedule an initial (no-charge) consult with Jacki to find out how working with a CDFA® can benefit you!
• Find out more about Michael through these links:
  • https://advancedinsurance.net/
  • https://www.smartandsimple.com/partners/advanced/
• To discuss your situation with Michael, email at [email protected] or call his direct line at 586-782-9008

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Feeling stuck, overwhelmed or paralyzed with fear? These are common feelings for individuals going through divorce. In this episode, Jacki talks with  Beverly Price, a divorce coach, to explore her tips on reframing emotional barriers and empowering people to regain control. Operating remotely with clients nationwide, Beverly assists them in advocating for their rights and making rational choices.

 Topic Covered Include:

·       Helping clients understand their own needs as it relates to the relationship

·       Overcoming embarrassment, anger and other intense emotions during divorce

·       Charting progress with an “emotional assessment” throughout divorce coaching

·       Coaching is different for women and men

Resources:

 Schedule a free 30-minute consultation with Jacki to learn about divorce financial planning;  Click Here to Book a Convenient Day/Time in Jacki's Calendar

Follow us on Facebook at https://www.facebook.com/wealthyafterdivorce/

Beverly Price, Certified Divorce© and Empowerment Coach can be reached at https://www.herempowereddivorce.com or [email protected]

FB Group - Women's Divorce and Empowerment Group | https://www.facebook.com/groups/divorcerecovery
Linked In | https://www.linkedin.com/in/beverly-price
Divorce and Empowerment Meetup group  | https://www.meetup.com/womens-divorce-and-empowerment-group/

 The Her Empowered Divorce podcast can be found at https://www.herempowereddivorce.com/podcast or wherever you listen to podcasts.

Schedule a free consultation with Beverly at https://Beverly-Price.as.me/Consultation

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Getting through a divorce often takes a village. In fact, gathering an experienced team of professionals, can either make or break a smooth transition to post-divorce life. Adding a mortgage banker early in the process (yes, well before the case is settled) can change how you view settlement options.  In this episode, Jacki interviews Erica Powers, CMPS®, CDLP® to discuss the following: 

•  The best time to consult a mortgage banker in divorce
• What are the most common barriers divorcees face with loan approval?
• Saving time and aggravation by working someone who has advanced training in divorce cases
• Current market forecast for summer 2023 in Michigan

 Resources:

•  Erica Powers, NMLS #739673 of First Merchants Bank (Member of the FDIC and an Equal Housing Lender) can be reached HERE
• You can also reach Erica at [email protected]  and follow her on   on Instagram  @localmortgagebanker
• Schedule a complimentary 30 minute consultation with Jacki Roessler, CDFA to discuss how divorce financial planning can help you by clicking here .https://calendly.com/jacki-divorceplanner/get-to-know-you 
• Read about protecting your credit score during divorce by clicking here  https://pearlplan.com/2022/08/09/five-tips-to-protect-your-credit-score-during-divorce//

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Season One Finale! Special Episode

A Candid Conversation with a  Divorced Client and Jacki Roessler, CDFA

 In this Season One ending special episode, Jacki has a candid and personal conversation with her former client, “Diane", a data analyst who was blind-sighted when her husband left and filed for divorce. Now eight months post-divorce, she reflects on her struggles and successes during her divorce. This episode has important survival tips and will leave listeners with a hopeful message about finding confidence, joy and healing after the trauma of divorce.

 We will discuss:

• Coping with the emotional and social loss of divorce
• Gathering the right team of professionals and support resources for your situation
• Why you need a financial advisor that specializes in divorce

 Resources:

 ·       Learn more about DivorceCare’s Online and In-Person Support Groups found across the country HERE

·        Local Resources for Women in Michigan can be found at https://www.womenscentersemi.org/

·        CLICK HERE to schedule an initial (no-charge) consult with Jacki to find out how working with a CDFA® would help you!

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

In this episode, co-host Melissa Fradenburg, CDFA®️, AIF® welcomes Tracy Coenen, a renowned forensic accountant who specializes in helping find money during divorce. Tracy has created a 10-step Divorce Money Guide to help you find hidden assets and take control of the finances during your divorce, and she and Melissa dive into a few of the steps.  They also discuss how to spot financial fraud and infidelity, as well as what every spouse, especially stay-at-home partners, should know about their family finances.

As a forensic accountant, Tracy has investigated hundreds of fraud cases in various industries and served as an expert witness in numerous cases involving damage calculations, commercial contract disputes, shareholder disputes, and criminal defense.  Tune in for an informative and empowering conversation on how to take control of your financial future  and learn from Tracy's wealth of knowledge.

RESOURCES

• You can learn more about Tracy Coenen and find all the resources mentioned in this episode  HERE.
• To read about how Pearl Planning can help you though your divorce or schedule an initial complimentary consult,  CLICK Here

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.

Senior divorcing couples (often referred to as “Grey Divorce”) face unique financial challenges when it comes to the marital home. If keeping the house is a priority for one spouse and there aren’t enough assets in the estate to buy out the other’s interest, couples may start thinking outside the box. Jacki Roessler,  CDFA® and her guest, Brian Cohen, 131198 Senior Mortgage Banker-Reverse Mortgage Planner of Fairway Independent Mortgage Corporation talk about the pros and cons of reverse mortgages. Brian has built his success by providing clients with over 20 years of lending experience and insightful mortgage knowledge. His high degree of reverse mortgage knowledge allows him to also help seniors understand the sometimes confusing myths, terms and conditions of reverse mortgages in order to make sound, informed decisions about what is in their best interest.

 Topics discussed include:

• What is a reverse mortgage and who is eligible? 
• Understanding the fees and costs of a reverse mortgage as compared to the fees and costs of a traditional mortgage.
• What risks are associated with reverse mortgages for you and your heirs?
• What is the process to obtain a reverse mortgage?

RESOURCES

• Connect with Brian by clicking here HERE
• To read information about reverse mortgages provided by non-profit, AARP (American Association for Retired Persons), click HERE
• To find a HUD counselor Click Here
• Learn more about  how Jacki Roessler, CDFA® helps divorcing clients evaluate information on reverse mortgages by emailing her at [email protected]. To read about Jacki or schedule an initial complimentary consult,  CLICK Here

Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.