I was recently published on The White Coat Investor. While Benjamin Franklin assuredly declared the certainty of death and taxes, divorce is also likely to affect one in three physicians. My article provides important insights into the impact a divorce may have on your financial future.
In the article, I discuss the steps you should consider taking in the event of a divorce:
- Build a balance sheet.
- Divide by two – or not.
- Consider spousal and child support.
- Create a budget.
- Update your estate plan.
- Delay retirement.
- Increase your savings.
Whether you find yourself divorced in the accumulation phase, pre-retirement phase, or retired phase of life will greatly dictate the possibility to build a new financial foundation, or make repairs to the damage. Read the article here.