Garnished Wages and Overpaid Child Support

Question: How do child support laws handle the wage garnishment termination for past due child support? I have paid off my child support arrears in whole. Yet, I continue to have money taken out of my paycheck via wage garnishment to the point that now I have overpaid my child …

Financial Tips On Dealing With Political Rhetoric

Financial adviser Dan Danford has a common saying around his office when it comes to political and financial regulation proposals: “Don’t talk about what might happen, instead focus on what does happen.” This is important because politics are an important aspect of financial planning. Investors consistently face the problem of …

Why Recovering From The Recession Is On You

The turbulent economic times have many seeking financial help as they await a recovery. Financial adviser Dan Danford explains why your own circumstances is what truly matters when trying to recover from a recession. Danford, CFP®, CRSP®, MBA, gives three financial questions for you to consider: 1. Where do you …

Modifying Child Support If One Child Moves To Another State

Question: How do child support laws work when one of the children no longer lives with either parent? I live in Texas and pay child support to my ex-wife for our two kids who live in another state (Illinois). One of our kids moved in with relatives in another state …

Imputing Income When Both Parties Are Unemployed

Question: My divorce question is about income used to determine child support. Both my wife and I have been unemployed for several years with our income almost solely coming from capital gains from stock market trading. We have been very successful with historic annual returns, but those returns are obviously …

How Your Behaviors Determine Your Financial Success

Financial adviser Dan Danford discusses why your financial success mostly depends on your own behavior, not that of other factors. Danford, CFP®, CRSP®, MBA, expounds on his list of three financial tips to help you find success: 1. Ignore all the noise. 2. Focus on your own situation and the …

Money Fights Increase Divorce Rates: How To Protect Yourself

By Matt Allen Editor, DadsDivorce.com The frequency of disagreements with your wife over finances is one of the key predictors of divorce whether you are rich or poor, according to research. In “The State of Our Unions” report, Jeffrey Dew of Utah State University shared his research findings that couples …

Child Support: Does My Military BAH Count As Income?

Question: What counts as income for child support? I recently moved into military housing and began receiving Basic Allowance for Housing (BAH). My ex hasn’t worked in four years yet suddenly I receive an increase in my child support payments simply because I moved into military housing. Is the BAH …

When To File For A Child Support Modification

Question: I was recently ordered to pay child support and am already considering filing a child support modification because the payments ordered did not take into account my ex’s earning capacity. The court ended up imputing minimum wage to my ex-wife, though I am still expected to pay child support. …

Dividing The Declining Value Of A 401k

Question: My financial advice on divorce question has to deal with delays in withdrawing 401k money post divorce. My ex-wife was awarded the right to claim 50% of my 401k. The value of my 401k account at the time of my divorce six years ago was $100,000. The current value …