Are you recently divorced and finding yourself with a substantial settlement? It's essential to secure your financial future to avoid running out of money in retirement. In this video, certified financial planner Matt Callahan from Seaside Wealth Management shares five crucial tips for divorcees to navigate their financial journey post-divorce.
Assess Financial Stability: Evaluate your post-divorce financial situation, create a budget reflecting your new circumstances, and adjust your lifestyle and goals accordingly.
Seek Emotional Support: Surround yourself with a strong support network to navigate the emotional challenges of divorce.
Plan Parenting Arrangements: If children are involved, prioritize their well-being by working out co-parenting plans and custody arrangements.
Complete Legal and Administrative Tasks: Ensure all legal and administrative tasks related to the divorce are addressed, including updating documentation and beneficiaries.
Focus on Self-Care and Future Planning: Take time to focus on self-care, rebuild your life, explore new interests, and envision your future beyond the divorce.
Having a solid financial plan in place is crucial. Contact Seaside Wealth Management for professional guidance to secure your financial future. Share this valuable information with others who may benefit. Remember, we're here to help you navigate this new season of life and ensure you don't run out of money in retirement.
