Anyone who has gone through a divorce knows how emotionally challenging and financially complex it can be. While attorneys handle the legal aspects, a Certified Divorce Financial Analyst® focuses specifically on the financial implications of divorce. This specialized designation equips professionals with the expertise to guide clients through the intricate financial aspects of divorce proceedings, ensuring better outcomes for their financial future.
Anna Marie Mock, a fee-only certified financial planner at Highland Financial Advisors, discusses the dynamic interplay between art and science in financial planning. Drawing inspiration from Leonardo da Vinci's philosophy that "everything connects to everything else," she emphasizes that financial planning is an art involving subjective goal-setting and a science-driven by objective analysis tools. In this video, Anna explains how the scientific method can be applied to financial planning, using equity compensation as a concrete example.
What are your thoughts, feelings, and beliefs about money? What about your partner, and do they differ from your own? Sometimes, the conflict we experience around money in our personal lives can be attributed to incongruent money scripts with those with whom we share finances. Let’s dive into the term money script and how understanding it can help us achieve our financial goals.
In talking with clients about the benefits their employer provides during the open enrollment season, one often overlooked benefit if clients have dependents is the Dependent Care Flexible Spending Account (FSA).
Health Savings Accounts (HSAs) are not only a savvy investment option but also offer numerous benefits, especially for high-net-worth families. An HSA is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help cover out-of-pocket medical expenses. While the utility of HSAs is universal, they hold advantages for high-net-worth families and have steadily grown in popularity since their inception.
When New Jersey deregulated its electric and gas industries in the late 1990s, it was supposed to bring a new competitive environment that would benefit consumers. By being a “shopping state,” New Jersey joined many other states in the northeast where consumers could shop for the best electricity or gas rates among competing third-party suppliers.
Recently, we had a client report that a fraudster had stolen her identity. It seemed that someone may have obtained access to her email address and was creating havoc with her online accounts. We immediately told her to go to the Federal Trade Commission's (FTC) website, www.identitytheft.gov, to report the incident and follow some immediate steps to start dealing with the breach.
One of the harmful outcomes of the quarantining from Coronavirus is the increase in scams targeting seniors. Seclusion puts seniors at a higher risk because the loneliness can lead to greater vulnerability. In a previous article, "Don't Fall for These Common Financial Scams", AnnaMarie Mock, CFPâ described many common financial scams and noted that everyone, young and old alike, can be a target for fraud. However, seniors are especially at risk because they typically have more assets to lose and may have diminished capacity.
