How Lifetime Planning Can Help

How We Can Help? Mission Statement:  “I help divorcing individuals establish a plan for the future so they can achieve long-term financial security.  First I Clarify their financial picture, then explain their options and help them to make informed decisions.” Through a set of tables and graphs explaining your individual situation, Patricia can help you set goals and guide you through the difficult choices involved in divorce settlement. With Patricia’s assistance, you need not go through a divorce feeling alone and powerless.  You need not face confusion concerning financial matters, especially during an emotionally charged period in time.  Decisions made during the divorce settlement will affect you for the rest of your life. She is your advocate not only today, but also for the years to come... Divorce financial analysis simplified and objective Scenerio 1     The graph to the right illustrates the spreadsheet above and shows her net worth calculated with and without her home.  Since the homestead does not provide needed income during retirement, removing its value allows us to see the problem with her overall budget and retirement picture.     ______________________________________________________ SCENARIO 2   In this scenario, Jane works until age 65, thereby allowing for tax-deferred appreciation in her retirement acconts.  Note that her expenses increase by $4,200 per year following retirement since all her medical insurance was furnished by her employer. Her home is paid off in 2020, reducing expenses. In her 70s, her assets are decreasing very slowly,indicating a secure retirement with $1.3 million in assets. Since many different scenarios are possible for each individual, it is extremely helpful to have the services of a Divorce Financial Analyst who can calculate the future results of various options.  Numerous scenarios will need to be run to find the fairest scenario.

This article was published on Friday 28 March, 2008.

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