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You Took Out a HELOC to Buy Out Your Ex… Were You Hoping the Interest Would Be Deductible?
Now that tax season is here, I’ve been having more conversations with people who are looking back at decisions they made during their divorce and wondering if they should have structured things differently. One situation that comes up a lot involves using a home...
Capital Gains and the Marital Home — The Tax Surprise Many Divorcing Couples Don’t See Coming
One of the biggest financial mistakes I see during divorce has nothing to do with the mortgage, the interest rate, or even the settlement itself. It has to do with capital gains tax on the marital home — and the problem is that many people don’t think about it until...
Capital Gains and the Marital Home — The Tax Surprise Many Divorcing Couples Don’t See Coming
One of the biggest financial mistakes I see during divorce has nothing to do with the mortgage, the interest rate, or even the settlement itself. It has to do with capital gains tax on the marital home — and the problem is that many people don’t think about it until...
Downsizing After Gray Divorce: Why It’s Often the Smartest Financial Move
One of the biggest realizations in gray divorce is this: Downsizing is not a failure. It’s often the smartest strategic move you can make. For many people divorcing after 50, the marital home was supposed to be the forever home. It’s where children were raised. It’s...
Downsizing After Gray Divorce: Why It’s Often the Smartest Financial Move
One of the biggest realizations in gray divorce is this: Downsizing is not a failure. It’s often the smartest strategic move you can make. For many people divorcing after 50, the marital home was supposed to be the forever home. It’s where children were raised. It’s...
Social Security and Gray Divorce: What Homeowners Over 50 Need to Understand
When you’re going through gray divorce, there is a lot of focus on retirement accounts, home equity, and maintenance. But one piece that often gets overlooked — or misunderstood — is Social Security. And for many people divorcing after 50, Social Security can become a...
Should You Keep the House in Gray Divorce? Retirement vs. Home Equity
One of the hardest conversations in gray divorce is this: Should I keep the house? For many people divorcing after 50, this is the home they believed would be their forever home. It’s where they raised their children. It’s where they imagined grandchildren visiting....
The Career Pause Problem in Gray Divorce: Qualifying for a Mortgage After 50
One of the most common challenges I see in gray divorce is what I call the career pause problem. This usually happens in marriages where there were children involved. At some point, a decision was made — often mutually — that one person would step back from their...
Gray Divorce Is a Financial Rebuild — Not Just a Divorce
Gray divorce — divorce after age 50 — is one of the fastest-growing divorce trends in the United States. But divorcing later in life is not just the end of a marriage. It is a complete financial rebuild at a stage when there is less time to recover from mistakes....
When Debt Awarded in Divorce Is Not Counted for Mortgage Qualification
One of the most confusing parts of divorce and mortgages is this: A divorce decree does not remove you from a debt — but a lender may still choose not to count that debt when qualifying you for a mortgage. Both statements can be true at the same time. This disconnect...