Vanguard: Your Investing Life™: Managing your money after divorce.

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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gkaplan
Posts: 7034
Joined: Sat Mar 03, 2007 8:34 pm
Location: Portland, Oregon

Vanguard: Your Investing Life™: Managing your money after divorce.

Post by gkaplan » Mon Sep 18, 2017 7:17 pm

At a glance

Take stock of your financial situation—then figure out your short- and long-term goals.
Update your personal documents and account information.
Make a plan to accumulate emergency savings and prepare for retirement.

A journey of a thousand miles starts with a single step. Start your journey as a newly single investor on the right foot. . . .

https://investornews.vanguard/your-inve ... r-divorce/
Gordon

PFInterest
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Joined: Sun Jan 08, 2017 12:25 pm

Re: Vanguard: Your Investing Life™: Managing your money after divorce.

Post by PFInterest » Tue Sep 19, 2017 1:15 pm

should say managing half your money.

The Wizard
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Joined: Tue Mar 23, 2010 1:45 pm
Location: Reading, MA

Re: Vanguard: Your Investing Life™: Managing your money after divorce.

Post by The Wizard » Tue Sep 19, 2017 1:46 pm

PFInterest wrote:
Tue Sep 19, 2017 1:15 pm
should say managing half your money.
I'm not sure that's right. A common mistake might assuming that your spouse's half of joint financial assets somehow belong to you.
They don't.

In either case, investing after divorce is arguably simpler than when married, assuming you have a decent plan similar to what we discuss here.

Now if someone has always let his/her spouse handle married finances, then yes, there could be a period of confusion and uncertainty while you figure things out...
Attempted new signature...

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