When you first consider divorce, there are often many financial questions and concerns. A complete resolution will answer many of these questions, but it is important to have a complete understanding of the financial situation before coming up with resolutions. …
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In divorce, there are many things to consider with retirement accounts. Here are 5 important facts/questions to keep in mind when dealing with such accounts during a divorce.
Tax Free Division. In Minnesota, retirement accounts that were created during the
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Being a single parent demands so much of a person’s time and energy that taking care of longer-term financial concerns often take a back seat. So many single parents face financial restrictions that make it seem they are constantly on…
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“Mom, why won’t this piece fit here like it should?” My son is trying to build a Lego kit, and has made a mistake in the previous steps while trying to follow the directions. He keeps fitting the pieces together,…
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While we financial advisors need to know a lot about numbers, we often use some shortcut “rules-of-thumb” to make quick estimates. Two of those rules-of-thumb are the Rule of 72 and the Rule of 115.
The rule of 72 is…