Paths Through Divorce (7/7): Post-Divorce Financial Roadmap

Paths Through Divorce: Post-Divorce Financial Roadmap

With the divorce final, Kathy Costas, a financial advisor and Certified Divorce Financial Analyst (CDFA), explains that many people feel grief and fear about next steps, especially how to avoid running out of money. She describes how post-divorce finances differ from married life, particularly for those relying on support payments, requiring buffers and backup plans, and often a lower risk tolerance in investments. She emphasizes starting with budgeting to align spending with a now single-household reality, then reviewing assets, tax implications, and potential capital gains from liquidation. Costas outlines creating a reliable, tax-efficient income strategy with appropriate risk, updating estate plans (trust and will), reviewing insurance, and tracking loose ends such as QDRO follow-through, future bonuses, and vesting restricted stock units by creating a timeline map for key financial decisions.

00:00 Divorce Is Final

00:31 Meet Your Financial Guide

00:57 Why Money Changes Now

01:34 Start With A Budget

02:06 Build A Reliable Income

02:54 Update Legal And Insurance

03:17 Track Loose Ends

03:39 Your Next Chapter

EP WEALTH ADVISORS:

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