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What expenses are not factored into child support?

Child support payments are a primary concern for divorcing parents as the income used to maintain one household will now be used to finance two homes. Child support is a source of income for many families; the funds are used to pay for basic necessities such as food and clothing. However, child support is meant to cover a broad range of expenses not necessarily factored in to the basic calculation.

How divorce cripples women financially and what to do about it

Historically, the female population in America has been marginalized when it comes to the gender inequality of income. This includes divorced women. It certainly takes great courage to walk out of a marriage that is toxic and unresponsive to any type of help. However, neither do you want to be at a crippling financial disadvantage when there are ways to prevent this before a divorce is finalized.

The division of IRAs in a divorce

Divorce can cause significant upheaval to your life in the present, but it can also have lasting implications on your future. While it’s logical to consider the immediate financial impact of divorce, it’s smart to be aware of how it will affect your retirement as well.

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