Preparing for retirement involves a number of activities, but it also requires some deep thinking about how you want to live in a new stage of your life. Because it is one of those big life changes, it requires some planning. Here are four things you need to do to be ready.
The loss of a spouse. This is a devastating event to say the least. Not only has one lost their life partner but also may see their entire financial situation changing.
From a job offer to the price of a product or service, many things in life are negotiable. Is the cost of college also on this list?
Knowing how much you are spending every year is important. If you don’t know how much you spend, how will you ever know if it is enough? Keep in mind that we are not talking about making a budget which is a target for how much you plan to spend.
Did you know that divorce does not need to be hostile or a lengthy court process, with opposing attorneys arguing their case in front of a judge? Two other options allow couples to settle their divorce outside of court - through either mediation or through the collaborative divorce process.
Juliana* owns and operates a small design firm with five employees. She owns two rental properties as well as a pretty large investment portfolio consisting of stocks, bonds, mutual funds, and cryptocurrencies. This past year she sold her primary residence after divorcing her spouse. They paid 500k for the house many years ago and sold it for $1.3 million. She is considering adopting a child this year as well.