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Aviva Pinto, CDFA®, CDS

Thinking of Engagement? 15 Financial Questions to Ask Before Getting Married

By Blog No Comments
When two people who are both professionals consider getting engaged and married, it is imperative that they first consider their finances. Some entrepreneurs, business owners, and high earners (or their parents) will want a pre-nuptial agreement. Whether you are in a position of wealth or just starting out, there are many questions that should be discussed before walking down the aisle. The first set of questions involves current finances: How much do each of you make? How much have each of you saved? Do you both have retirement plans? Are you contributing to 401(k) plans at work? Are each of…
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divorce

Why You Shouldn’t Wait Until After Your Divorce to Meet with a Financial Advisor

By Blog
You are divorcing. You have a million things to think and worry about. Your divorce professional (whether it be a matrimonial attorney, mediator, or collaborative lawyer) is asking for all kinds of information and documentation. You are worried about your kids and custody. You are worried about whether you will stay in your home. You are emotionally raw and trying to hold it all together. The last thing you want to think about is your financial plan. But that is one of the most important aspects of divorce. Aside from custody, divorce is often about the money. Going through a…
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market correction

How to Prepare for a Stock Market Correction

By Blog
There is a lot in the press, online, in chat groups, and on TV telling everyone that the market is at an all-time high and that a market correction could be coming soon. What should you do? Establish a Financial Plan and Stay the Course Creating and sticking to a financial plan – a road map of where you are and want to be financially – will keep you from making knee jerk moves in response to media hype, chat group predictions, and even actual market declines that you may later regret. It’s impossible to time the market. No one…
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womens history

Why Do We Need A Women’s History Month?

By Blog
For many young girls today, this may be a valid question. But for many of us, we grew up with very few female role models in history books. Sure, we heard of Betsy Ross, we learned Bible stories about Eve, Sarah, Rachel, Rebecca, and Mary. We even grew up with the U.K. having the longest reigning monarch who is a woman, Queen Elizabeth. But in the U.S., she was rarely mentioned and most of the history that was taught was centered around men’s accomplishments. History books taught that the greatest scientists were Albert Einstein or Sir Isaac Newton. We did…
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gamestop

Trading vs. Investing: What We Can Learn from the GameStop Saga

By Blog
I was recently quoted in an article for Long Island Newsday, and mentioned that there are big differences between investing and trading. Both want to profit from appreciation in the stock market, but the time horizons are very different. Investing is long-term – it considers your goals, risk tolerance, liquidity needs, and longevity. You look to diversify your portfolio appropriately for your circumstances and put money across various asset classes. Ideally, you rebalance as markets move and stick to your long-term plan in the face of market volatility. For many investors, trading, on the other hand, can be focused on…
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divorce

Financial Awareness and Divorce

By Blog
I have been approached by many matrimonial attorneys, therapists, and divorce coaches who ask me to help their clients with their finances before, during, and after their divorces. Many people getting divorced, both men and women, may be smart, accomplished, or at their top of their professions, yet were not the ones handling the finances in their marriage. Many of these clients don’t know what they spend, how much their mortgage is, what assets they have, how much debt they have, what is in their investment accounts, or what is in their pension and retirement accounts. They weren’t the ones…
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file divorce

Determining Where to File for Divorce

By Blog
In most situations, you will file for a divorce in the state in which you and/or your spouse live. If you and your spouse own property in different states or you live apart, you might be able to select the state in which to file. In those situations, you and your attorney should evaluate the respective states’ divorce laws to determine the best choice. Among the items to consider are the length of time it will take to grant a divorce, the age of majority used in determining how long a parent is required to pay child support (for some…
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finances divorce

Organizing Finances Before, During, and After Divorce

By Blog, Guides & Whitepapers
Most people don’t begin their marriage expecting it to end in divorce. For those who are ending a marriage, having a sound financial plan can help keep you organized during the process and help you plan for your future after. Here's how to organize your finances before, during, and after divorce. Getting Organized You will need to gather important documents to start the divorce process. Both parties will have to complete a sworn statement of their income, expenses, assets and liabilities. This document, which is filed with the court, shows the divorcing couple’s financial situation and is what the judge…
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prenup

Why Should I Sign a Prenup?

By Blog
It’s not because either of you thinks the marriage won’t last To many, “prenup” (short for a prenuptial agreement) is a bad word. Why would any loving couple want to start off their marriage with a financial contractual agreement? As a wealth manager, I counsel clients who have a large disparity in wealth to execute a prenup. Some are getting married later in life and have built up considerable assets, some started a company, some are getting married for the second time. Some have former children to worry about. Some clients have children with considerable trusts getting married. We have…
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end life planning

A Guide to End-of-Life Planning

By Blog
Although planning for end-of-life can be emotionally fraught and daunting, organizing affairs well before the need arises helps families and beneficiaries immensely after a loved one’s passing. But where to start? With the abundance of paper and digital resources accompanying the myriad accounts that comprise many years well-lived, it can be hard to know which are essential to have on hand. The most important things to have in place are: An up-to-date financial plan: Consult with your wealth advisor who can assess your current financial situation and update your financial plans to address any end of life concerns. Your advisor…
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