• Consulting Services
  
  • Biography
  • Consultation Request
  • Contact
• Divorce Financial Planning
  
  • What is a CDFA?
  • Information for Women
  • Information for Men
  • Common Financial Mistakes
• Divorce Resources
  
  • Additional Resources

Information for Men

Even in today’s progressive society, the US Census reports that men are still the main breadwinners in 75% of today’s 2 income families. This section is targeted, not specifically to men, but also to the divorcing spouse that has provided the higher income for the family. It would also be beneficial for you to review the information in the “women” section, which is targeted to the divorcing spouse who has been more dedicated to taking care of the home and family.

Divorce for the breadwinner spouse will trigger many financial uncertainties such as:

	Will I have to give my spouse everything that I have saved during the marriage?
	What should be done with our tangible assets, such as the house, investment properties, cars, boats, furniture?
	Will my spouse need to rely on my pension, 401k and social security checks after retirement?
	Will I have to give my spouse assets that were given to me prior to the marriage and/or as an inheritance during the marriage? Are there any assets that my spouse cannot touch?
	How much alimony should be paid, and how long will I need to pay it for?
	How much child support is enough?
	What are the tax implications associated with these payments?
	If I am a business owner, will I have to cash-out and sell the business?
	How will this affect my future? Will I ever be able to feel financially secure? When can I expect to be financially healthy?
	After splitting our assets, how much can I expect to retire with?

These are just many of the common uncertainties that each spouse will feel, especially if he/she is the one who has financially provided more for the family, and is expected to continue providing financial support to the family. There are so many other factors, but many divorcing spouses are just too emotionally involved and drained to even fathom.

Regardless of how emotional the divorce is, regardless of who was at fault or how draining this divorce is, you need to be financially responsible and put your emotions aside. A divorce financial professional will help your situation by giving you a clear understanding of what you can expect as a financially fair outcome to this divorce, and how you can budget and invest to get back to your original financial health. It is very possible, with the proper divorce financial planning, that you can retire on track to what you had planned prior to the divorce!