A listener writes: I’m almost 60 years old. I’m currently going through a divorce after almost 33 years of marriage. I haven’t worked outside the household for over 23 years. How do I know the divorce settlement is good, taking into account taxes, Medicare, retirement coming up, etc.?

This episode breaks down income and asset division plus tax and Medicare considerations.

https://www.ssa.gov/family/amount

https://institutedfa.com/find-a-cdfa/

Q&A: How Do I Negotiate Divorce With Retirement Coming Up?

How do I know the divorce settlement is good, taking into account taxes, Medicare, and other financial factors?

Listener's Concern: Divorce Settlement After Long Marriage

Complexity of Untangling a Long Marriage

Income Sources and Alimony Essentials

Alimony, Social Security, and Remarriage Implications

Asset Division and Tax Implications

Emotional and Financial Value of the House

Valuing a Business in Divorce

Transparency and Asset Listing

Retirement Accounts and the 50% Rule

Resources and Further Questions

The Women’s Investor Community is a place to ask all the money and finance questions - especially the ones that feel hard, embarrassing, or complex. 

It's a place to get well-researched, forward-thinking investment ideas that move the world to a better place. And it's a place to let your guard down - to finally feel like you can live in your authenticity AND be financially successful.

If you have a personal finance question, please feel free to get in touch at www.dianarichey.com.

About the Host: 

Diana Richey is a nationally recognized personal finance expert. She is passionate about helping people take control of their finances and invest in conscious companies. As a financial planner and tax lawyer with over two decades of experience, she has worked with individuals and represented multinational corporations on everything from sustainable investing to international tax planning to charitable giving.

Diana earned a B.A. with honors from The University of Chicago and a J.D., cum laude, from Boston University School of Law. She is a Certified Financial Planner (CFP®), Project Management Professional (PMP®), trained mediator, and FINRA arbitrator. She sits on the Board of Nature and Culture International, a 501(c)(3) dedicated to preserving wild places.

She lives in Jackson Hole, Wyoming with her husband, young son, and dog.

LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. The reader should under no circumstances rely upon this information as a substitute for obtaining specific legal or tax advice from their own legal or tax advisors.

The Women's Investor Community Podcast