Money Saving Tips For Divorced Dads

By Steve Unger Special to DadsDivorce.com How much does a divorce cost? That depends on many individual factors, but in any case, you’ll probably need to make some financial adjustments afterwards. That’s especially true for divorcing fathers. Most divorced dads have to pay for child support and often two sets …

Money Made Easy: Maximizing Your 401(k) And Retirement Plan Earnings

Financial adviser Dan Danford, CFP®, CRSP®, MBA, spent 15 years advising employers how to invest their 401(k) and retirement plans. So Danford is uniquely qualified to answer this question from a Money Made Easy viewer about what to do when dissatisfied with your 401(k) funds: I want to shift my …

Child Support: Wages Being Garnished Twice

Question: When I was employed and paying into FICA out of each paycheck, I also paid a child support arrears garnishment from the same gross earnings. I am now disabled and receive RSDI benefits that come from my FICA account. The state is now garnishing my RSDI benefits even though …

Child Support Modification If My Ex Is Making More Money Than Reported

Question: Are the factors below enough to qualify me for a child support modification? I pay child support and for my child’s after school care, though that payment is not mandated by the court. However, I have learned that I am paying for my child’s after school care so that …

Options To Ease Financial Burden After A Child Custody Modification

Question: With a possible child custody modification facing me where my daughter would move in with my ex-wife, my financial burden will be too much to handle. Our property division settlement already has me paying a substantial monthly payment on property we own, and if my child moves out and …

Protect Your Credit Rating In A Divorce

By Steve Unger Special to DadsDivorce.com Maintaining a good credit rating is extremely important in today’s economy, because most people need to borrow money at some point. But credit can become an even bigger issue after a divorce. When married couples have two incomes and significant joint assets, it’s not …

Protect Yourself With Pre-Divorce Financial Planning

By Steve Unger Special to DadsDivorce.com Are you thinking about getting a divorce? If so, have you made any long-term financial plans? Many people in bad marriages simply focus on getting past the legal divorce process and then moving on, but you need to prepare for what comes after that. …

What Child Tax Breaks Am I Eligible For?

By Tara N. Brewer Special to DadsDivorce.com As you scramble to file taxes before the deadline, many divorced dads or separated parents face two questions. Who can claim the dependent/s and what tax breaks can I qualify for? For tax purposes, children are dependents. The parent raising the dependent the …

How Disability Benefits Affect Retirement Pay Division

Question: At the time of my divorce I was not disabled, but I now receive disability benefits and my retirement pay has thus been reduced. My ex-wife had a clause entered in the decree stating that I could not claim disability and reduce my retired pay. Must I pay her the …

Money Made Easy: How Short-Term Loans Affect Credit Scores

This Money Made Easy episode addresses a viewer’s question about the impact a short-term loan could have on his credit score. Financial adviser Dan Danford, CFP®, CRSP®, MBA, explains they ways in which these quick-fix loans affect credit scores and why the more reputable your lender is, the more likely …