Tag Archives | divorce financial planning

tax advice

AZ Asks Sue Bean, CPA: About Taxation and Divorce

 Sue A. Bean is a CPA with more than 25 years of accounting experience and the president-elect of the Piedmont Chapter of the North Carolina Association of CPAs – to answer some common questions. She works with family law attorneys in analyzing financial information for divorce mediation and litigation. Her practice includes individual tax preparation, […]

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Zero Balance

Z is for Zero Balance

                  Are you running on empty? Does your life feel out of whack?  Do you feel depleted or diminished of all your power and strength? Well, you are not alone. Going through a divorce takes its toll both emotionally and financially on everyone. I cannot say this […]

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Yield Road Sign

Y is for Yielding to Better Spending

  The past decade has been one of splurging and in many cases—living well beyond our means. Easy access to credit cards and home equity loans enabled Americans to live more lavishly than any previous generation. Our attitudes were a little bit like Scarlett O’Hara in Gone with the Wind—we would worry about it tomorrow. […]

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W is Working towards Financial Freedom

W is for Working towards Financial Freedom

Financial freedom may sound like a wonderful dream that many people find hard to achieve. The truth is you do not need a lot of skill to start this journey—all you need is the determination to begin the process and start heading down the path of your financial freedom.   What is your goal for […]

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snow ball effect

S is for the Snowball Method.

  The Snowball Method to Paying Off Debt. Where to Start? Try this simple method for paying off credit cards…    Step 1 Make a list of all your credit cards. Put them in order from the highest balance to the smallest balance. Step 2 To pay off your cards, start with the card that […]

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P is for Perserverance

P is for Perseverance.

Going through a divorce presents difficulties, obstacles, and complications. You will need a best friend named Persistence. This friend will help you forge ahead on a steady and determined course of action leading you to your goal. Many of us will talk ourselves out of our original plan when things are not going exactly as […]

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womens resource center

AZ Asks: Lucy Wellmaker, What can the Resource Center Do for Women in Divorce?

Lucy Wellmaker is the New Choices Program Director at the Women’s ResourceCenter. lucy@womenscentergso.org.  She has a Master’s Degree in counseling from UNC at Greensboro and is a graduate of the Institute of Life Coach Training and a member of the International Coaching Federation.  Lucy not only has a passion for working with people who want […]

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J is for Journey

J is for Journey.

  Life is a journey and divorce is a difficult experience but it can also be a catalyst for positive change in your new life.  In order to reap the benefits of the journey, we must travel with intention. There is work to be done, wounds to be healed, and lessons to be learned.  So […]

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Steps to Financial Health

H is for HEALTHY Financial Planning.

  Six Steps to Financial Health: Make sure you have a will and Health Care Power of Attorney. Have your investments diversified enough so that you can take out emergency funds without penalties.  Do not have all your savings in retirement accounts. Have different investment buckets: emergency fund, taxable conservatively managed accounts and retirement accounts. […]

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Division of property at divorce

F is for Financial Impact of a Divorce.

Divorce can extract a heavy price — both emotionally and financially. Protecting your financial health during a divorce is crucial. If you and your spouse are headed toward a split, be sure to learn about the laws that shape divorce proceedings and the impact they can have on your assets. Dividing the Assets Typically, everything you and your spouse […]

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