Money Made Easy: Cost-Benefit Analysis

In this week’s Money Made Easy, financial adviser Dan Danford answers this financial question from a viewer: I’m trying to learn how to invest and I’ve heard that I need to do a cost-benefit analysis of my options. Could you explain this more and how I’m supposed to use it? …

Are insurance payments considered separate property?

Question: I am going through a divorce and am receiving disability payments as a retired police officer. My wife thinks she can get half of my disability retirement benefits. Can my disability insurance be counted as income and subject to property distribution?

Money Made Easy: Financial Advisers

In this week’s Money Made Easy, financial adviser Dan Danford answers this question from a viewer: In your previous episodes you have mentioned Dave Ramsey a couple of times. I was wondering who are other financial advisers you really respect, and why do you think they are better than the …

Divorce and Taxes: Marital Status

By Jill A. Duffy Attorney, Cordell & Cordell In the past, it is likely that you and your former wife have filed joint taxes (married filing jointly). This year, things may have to change. If your divorce was finalized on or before Dec. 31, 2010, you will have to change …

Does the amount of income tax exemptions affect child support?

Question: When figuring child support, I am asked to provide my income tax return. Does the amount of income tax exemptions have an effect on the child support calculation?

Money Made Easy: How To Plan For Retirement

In this week’s Money Made Easy, financial adviser Dan Danford discusses retirement planning and how you should be preparing. Danford, MBA, CRSP, of Family Investment Center, explains the need to start increasing your savings now, what type of growth investments you should be utilizing, and the importance of developing an …

Who pays the debt for the gift that I bought my wife?

Question: My wife and I are going through a divorce. A few years ago, I set up an account and bought my wife a computer using her social security number as a surprise. She now says she will press charges against me if I cannot get the debt removed from …

Does my wife have any rights to our income tax return?

Question: My wife and I are still married but considering divorce. This past year she worked a low-paying part-time job for only a few months. Does she have any legal rights to our income tax return if she worked and earned so little?

Money Made Easy: How To Save Money on Taxes

Financial adviser Dan Danford answers a popular tax season question in this week’s Money Made Easy: How do you save money on taxes? Danford, MBA, CRSP, of Family Investment Center, explains the need to understand how the tax system works and how the tax forms work. He also offers tricks …

Are medical malpractice payments considered income for child support?

Question: I recently settled a personal injury medical malpractice lawsuit and was awarded a monthly amount of money. Is this money from my personal injury settlement considered income to be used for the purposes of calculating child support?