divorce financial planning
Divorce changes more than your relationship. We help you understand how the decisions you make today may impact your finances tomorrow, so you can move forward with a plan designed for your next chapter.
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Make confident financial decisions during one of life's biggest transitions.
Divorce changes more than your relationship. It can change your home, income, retirement plans, taxes, investments, and the financial future you thought you were building.
And many of the financial decisions you make during your divorce can have an impact for years to come.
At Golden Goose Wealth Planning, we help women understand the financial side of divorce so they can make informed decisions today while building a strong financial foundation for what comes next.
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Your Settlement Isn't Just About What's Fair Today
When you're negotiating a divorce settlement, two assets that look equal on paper may have very different long-term financial implications.
Keeping the house may feel important, but can you comfortably afford it after the divorce?
A retirement account may have the same dollar value as another asset, but what happens when taxes are considered?
How will your settlement affect your ability to retire?
These are the questions we help you answer.
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Financial Questions We Can Help You Work Through
Every divorce is different, but we commonly help women evaluate questions such as:
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Can I afford to keep the house?
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Should I keep the house or receive other assets instead?
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How should retirement accounts be divided?
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What are the tax implications of different assets?
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How should investment accounts be divided?
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What happens to our joint accounts?
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How will my monthly cash flow change after divorce?
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How much income will I need to maintain my lifestyle?
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How should I think about spousal support or child support?
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How does divorce affect Social Security?
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What should happen with life insurance?
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How will I pay for my children's future education?
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Will I still be able to retire when I planned?
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What should I do financially once the divorce is final?
You don't have to become a financial expert overnight.
Our job is to help you understand your options and the potential long-term impact of the decisions in front of you.
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Understand the Financial Impact Before You Agree
Divorce settlements often involve decisions about:
Your Home
We can help you evaluate whether keeping the marital home makes sense financially, including the mortgage, taxes, insurance, maintenance, future cash flow, and the impact on your overall financial plan.
Retirement Accounts
401(k)s, 403(b)s, pensions, IRAs, and other retirement assets may require special consideration when being divided.
Investments
Not every investment account has the same tax consequences. We can help you understand cost basis, unrealized gains, and how different assets may affect your financial future.
Cash Flow
We'll help you understand what life may look like financially after divorce and create a realistic plan for your new income and expenses.
Taxes
From filing status to investment taxes and the sale of a home, taxes can significantly affect the true value of a divorce settlement.
Your Future
Most importantly, we'll help you look beyond the settlement and understand how today's decisions may affect your ability to save, invest, help your children, and eventually retire.
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Your Attorney Handles the Legal Side. We Help You Understand the Financial Side.
Your divorce attorney plays an essential role in protecting your legal interests.
A financial planner brings a different perspective to your team.
We can model different settlement scenarios, help you understand the financial tradeoffs, and show you how different decisions could affect your life five, ten, or twenty years from now.
Our goal isn't to tell you what to fight for.
It's to give you the financial information you need to make informed decisions about your future.
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Financial Planning Doesn't End When the Divorce Is Final
Signing the divorce agreement isn't the end of your financial transition.
In many ways, it's the beginning.
After your divorce, we can help you:
Establish your new financial accounts • Update beneficiaries • Rebuild your investment strategy • Create a new spending plan • Review insurance • Update your estate plan • Develop a retirement strategy • Plan for taxes • Build emergency savings • Create financial goals for your next chapter
You may be managing your finances independently for the first time in years.
We'll help you build a plan that feels understandable, manageable, and truly yours.
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Your Next Chapter Deserves a Financial Plan of Its Own.
Divorce can create uncertainty, but it can also be an opportunity to take a fresh look at what you want your life to look like.
We'll help you understand where you stand, evaluate the decisions in front of you, and create a financial plan designed around the future you're building.
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Golden Goose Wealth Planning, LLC provides financial planning and investment advisory services and does not provide legal advice. We encourage clients to work with qualified legal and tax professionals as appropriate.