The sweeping changes under the Tax Cuts and Jobs Act (TCJA) of 2017 affect many aspects of our federal tax system. One major adjustment for many divorcing couples is how spousal alimony will be treated. Definition of Alimony Let’s begin by first defining alimony. According to the IRS, alimony is amounts paid to a spouse…
Women & Wealth Articles
5 Financial Tips Before You Remarry
When you’re in the throes of a divorce —particularly an acrimonious one with messy finances — the last thing you want to think about is walking down the aisle again. However, after a few years and with a bit of perspective in the marital rear-view mirror, you might meet someone who makes you want to…
Estate Planning Checklist For Young Families
Planning for the future is not always top priority for young families. When you’re wrangling a toddler, planning beyond next Tuesday can feel like an exercise in futility. Estate planning, however, means that if anything happens to you, your family is protected. Having basic documents in place may be able to help you minimize or avoid…
Divorce and QDRO: Protecting Your Finances
It is no secret that getting a divorce can be financially detrimental—especially to women who are divorcing men. Many women experience a lower standard of living after divorce, and about 20% fall to the poverty level. If you haven’t been working outside the home, or have gaps in your work history, it’s especially important to…
What Should Happen to The Home if You Divorce?
Divorce brings a multitude of changes to your life. One of the most obvious changes is a new living arrangement. You and your soon-to-be ex will now be living separately—so who stays in the home and who goes? What should you do? As you work through the terms of you divorce agreement, consider these things…
How to Ask For a Raise And Get Paid What You’re Worth
You have been working really hard. You know that you deserve more than what you are currently making at your job. But where do you go from here? How do you go about asking for a raise to get paid what you’re worth? Here are a few tips to keep in mind to help you…
How to Teach Your Kids to Be Thrifty
Kids tend to pick up habits from their parents and other adults around them. You work hard to make sure that you model good behavior for them, but you may not realize that this is especially important when it comes to teaching your child about finances. If you want your child to be fiscally responsible…
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