Wealthy After Divorce Podcast

Wealthy After Divorce

Melissa Fradenburg, CDFA® and Jacki Roessler, CDFA®
Welcome to the Wealthy After Divorce Podcast! Hosts and Certified Divorce Financial Analysts® at Pearl Planning, Jacki Roessler and Melissa Fradenburg, will roll out a new episode every other Thursday, with advice to improve financial decisions during and after the divorce process. Pearl Planning is a financial planning and wealth management practice located at 8031 Main Street in Dexter, Michigan, 600 South Adams, Birmingham, Michigan and 81 Kercheval Avenue, in Grosse Pointe Farms, Michigan. You can reach our offices at 248.795.1133 ext. 407 or (313) 486-9634. Investment advisory services offered by Pearl Planning, a DBA of Stephens Consulting LLC., an SEC registered investment adviser. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Pearl Planning, or any non-investment related content, made reference to directly or indirectly in this Podcast will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Pearl Planning. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Pearl Planning is neither a law firm, nor a certified public accounting firm, and no portion of the newsletter content should be construed as legal or accounting advice. A copy of Pearl Planning’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at www.pearlplan.com. Content represents the opinion of the speaker and not necessarily that of Pearl Planning.
Episode 25: SPECIAL EPISODE_A  Candid Conversation with a Former Divorce Client and Jacki Roessler, CDFA
Season One Finale! Special EpisodeA Candid Conversation with a Former Divorce Client and Jacki Roessler, CDFA In this Season One ending special episode, Jacki has a candid and personal conversation with her former client, “Diane", a data analyst who was blind-sighted when her husband left and filed for divorce. Now eight months post-divorce, she reflects on her struggles and successes during her divorce. This episode has important survival tips and will leave listeners with a hopeful message about finding confidence, joy and healing after the trauma of divorce. We will discuss:Coping with the emotional and social loss of divorceGathering the right team of professionals and support resources for your situationWhy you need a financial advisor that specializes in divorce Resources: ·       Learn more about DivorceCare’s Online and In-Person Support Groups found across the country HERE·        Local Resources for Women in Michigan can be found at https://www.womenscentersemi.org/·        CLICK HERE to schedule an initial (no-charge) consult with Jacki to find out how working with a CDFA® would help you! Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
May 11, 2023
26 min
Episode 24: Uncovering Hidden Assets During Divorce with Tracy Coenen
In this episode, co-host Melissa Fradenburg, CDFA®️, AIF® welcomes Tracy Coenen, a renowned forensic accountant who specializes in helping find money during divorce. Tracy has created a 10-step Divorce Money Guide to help you find hidden assets and take control of the finances during your divorce, and she and Melissa dive into a few of the steps.  They also discuss how to spot financial fraud and infidelity, as well as what every spouse, especially stay-at-home partners, should know about their family finances.As a forensic accountant, Tracy has investigated hundreds of fraud cases in various industries and served as an expert witness in numerous cases involving damage calculations, commercial contract disputes, shareholder disputes, and criminal defense.  Tune in for an informative and empowering conversation on how to take control of your financial future  and learn from Tracy's wealth of knowledge.RESOURCESYou can learn more about Tracy Coenen and find all the resources mentioned in this episode  HERE.To read about how Pearl Planning can help you though your divorce or schedule an initial complimentary consult,  CLICK HereLinks are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Apr 27, 2023
24 min
Episode 23: Grey Divorce and Reverse Mortgages with Brian Cohen
Senior divorcing couples (often referred to as “Grey Divorce”) face unique financial challenges when it comes to the marital home. If keeping the house is a priority for one spouse and there aren’t enough assets in the estate to buy out the other’s interest, couples may start thinking outside the box. Jacki Roessler,  CDFA® and her guest, Brian Cohen, 131198 Senior Mortgage Banker-Reverse Mortgage Planner of Fairway Independent Mortgage Corporation talk about the pros and cons of reverse mortgages. Brian has built his success by providing clients with over 20 years of lending experience and insightful mortgage knowledge. His high degree of reverse mortgage knowledge allows him to also help seniors understand the sometimes confusing myths, terms and conditions of reverse mortgages in order to make sound, informed decisions about what is in their best interest. Topics discussed include:What is a reverse mortgage and who is eligible? Understanding the fees and costs of a reverse mortgage as compared to the fees and costs of a traditional mortgage.What risks are associated with reverse mortgages for you and your heirs?What is the process to obtain a reverse mortgage?RESOURCESConnect with Brian by clicking here HERETo read information about reverse mortgages provided by non-profit, AARP (American Association for Retired Persons), click HERETo find a HUD counselor Click HereLearn more about  how Jacki Roessler, CDFA® helps divorcing clients evaluate information on reverse mortgages by emailing her at [email protected]. To read about Jacki or schedule an initial complimentary consult,  CLICK HereLinks are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. Pearl Planning is not affiliated with and does not endorse the opinions or services of Brian Cohen or his affiliates. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Apr 13, 2023
29 min
Episode 22: Surviving Divorce for Stay-At-Home Moms with Leah Hadley, CDFA
In this episode, Jacqueline Roessler, CDFA® and her guest, Leah Hadley, CDFA® talk about divorce and supporting the unique concerns of stay-at-home parents. For any client who has been out of the workforce and dependent on their spouse’s income, financial fears can be a primary barrier to settlement. In fact, some people wait years to file for divorce simply due to that fear. Working with a CDFA (Certified Divorce Financial Analyst) as a “thinking” partner can provide insight on the process and teach clients how to analyze the financial decisions they’re facing with confidence.  We will discuss:The importance of understanding all the financial options as it relates to the houseMaking sure you don’t sacrifice your retirement well-beingFunding for children’s extra-curriculars, private school and college costs RESOURCESRead more about Leah’s firm or connect with her on social media, HEREIG: https://www.instagram.com/watchherthrive/LI: https://www.linkedin.com/in/leahahadley/FB Page: https://www.facebook.com/greatlakesdfsFB Group: https://www.facebook.com/groups/watchherthrive Download Leah’s Divorce Checklist to get organized before reaching out to a professional  HERE Sign up for Leah’s “Financial Freedom” Webinar HEREFind out how Jacki Roessler, CDFA® advocates for divorce clients during the divorce process by scheduling a complimentary 30-minute initial consult  HERE Download Jacki's Budget Worksheet HERE  Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial adv&a
Mar 30, 2023
27 min
Episode 21: The Dangerous "DIY" Divorce with Jacki Roessler, CDFA
Thinking about digging in and skipping legal advice in your divorce? In this episode, Jacqueline Roessler, CDFA® discusses the dangers of the new “DIY” divorce trend. Jacki addresses the main reasons clients object to hiring an attorney and walks the listeners through her opinion on why having legal expertise during divorce is critical to a good outcome. We will cover:The main benefits of working with an attorneyTips for saving money on your legal fees during divorceJacki’s short list of suggestions to improve the client/attorney relationship during divorce Resources: ·        Contact Jacki via email at [email protected]·        Read Jacki’s recent blog on How Spousal Support is Decided in Michigan  CLICK HERE to read now·        Find out how Jacki Roessler, CDFA® advocates for divorce clients during the divorce process by scheduling a complimentary 30-minute initial consult  https://calendly.com/jacki-divorceplanner/get-to-know-you?month=2022-12&back=1 Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Mar 16, 2023
15 min
Episode 20: What's Mine is Mine and What's Yours is Ours: Separate Property in Divorce with Attorney Alisa Peskin-Shepherd
Dividing property during a divorce can be a contentious topic for many couples. Today our guest is Family Law Attorney and Mediator Alisa Peskin-Shepherd. Alisa specializes in looking at what is presented to her as well as what is possible while practicing family law and conflict resolution. She will share her best practices for those navigating property issues during divorce.  Resources:Listen to Alisa discuss Collaborative Divorce with Melissa Joy, CFP, CDFA in a throwback episode of our sister podcast, "52 Pearls" by clicking here.Find more information on  Alisa Peskin-Shepherd HERE.Connect with Jacki Roessler and learn more about Divorce Financial Planning at Pearl Planning.Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Mar 2, 2023
33 min
Episode 19: How to Live Life to the Fullest after Divorce with Nicole Middendorf
Finding footing and choosing next steps to live your best life after divorce can be overwhelming. Today our guest Nicole Middendorf, CEO of Prosperwell Financial, will be discussing how to live life to the fullest after divorce. Nicole is a born coach, entrepreneur, accomplished public speaker, author of 5 books and believes that sometimes out of the worst things in life sometimes comes the best. Nicole will share her experience navigating her own divorce and the path to a better future. Resources:Find out more about Nicole Middendorf and Prosperwell Financial.Connect with Melissa Fradenburg and learn more about Divorce Financial Planning at Pearl Planning.Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Feb 16, 2023
25 min
Episode 18: Taking the Mystery out of Business Valuations in Divorce with Ben Bershad
Getting a divorce when one (or both) parties own a business adds an extra layer of ambiguity. Most often in these situations, the attorneys will recommend hiring an expert to place a value on the business. However, clients often feel unsure about the importance of taking on this added expense and effort. Jacqueline Roessler, CDFA is joined by business appraiser, Ben Bershad to provide clarity on the valuation process and why it’s essential to a divorce with transparency. In addition, Ben discusses the business appraiser’s critical role in determining the owner’s income for purposes of child and spousal support.  We will discuss:Why you need a business appraiser who is local and specializes in divorceThe two main roles of the business appraiser in divorce-and the one role that isn’tTaking the emotion out of business appraisals in divorceWhat goes on in the “room where it happens” when dueling business appraisers help attorneys and clients hash out a compromise?Resources: ·        Read more about Ben’s firm, Bershad Valuation Consulting HERE·        Contact Ben Bershad, ABV, CVA at [email protected]·        Find out how Jacki Roessler, CDFA® helps divorcing clients with a business by scheduling an initial consult by clicking this link  https://calendly.com/jacki-divorceplanner/get-to-know-you?month=2022-12&back=1·        Learn more about Business Appraisals and Divorce At Family Lawyer Magazine HereLinks are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Feb 2, 2023
25 min
Episode 17: Where is My Money? How QDROs Work with Jacki Roessler, CDFA
In this episode, Jacqueline Roessler, CDFA® explains the QDRO process for post-divorce clients. Clients are often overwhelmed and confused by the length of the time it takes to put QDROs in place. Additionally, clients are confused about who plays what role in getting to the QDRO finish line and why it’s important to be proactive.  If you’re wondering “where’s my money?”, this episode will point you in the right direction.We will cover:What is a QDRO and why do you need one? The many stages of getting your QDRO processed When you can expect to receive your moneyResources:Contact Jacki via email at [email protected] Jacki’s blog on QDRO timing HERE.Find out how Jacki Roessler, CDFA® advocates for divorce clients during the divorce process by scheduling a complimentary 30-minute initial consult HERE.As a companion to this episode, download our QDRO Process Flowchart by clicking  here: https://pearlplan.com/wp-content/uploads/2023/01/QDRO_Process_Pearl_Planning.pdf  Read the US Government’s Accountability Office’s Recommendation on the processing of QDROs after divorce HERE.Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Jan 19, 2023
17 min
Episode 16: Health Insurance after Divorce with Anthony Fracchia
Finding a health plan can be overwhelming and there is more to shopping for health insurance than just finding the lowest premium. This weeks’ guest, Anthony Fracchia, President, and CEO of Altruis Benefit Consulting will be discussing the process of purchasing health insurance after divorce. Anthony co-founded Altruis Benefit Consulting with his father in 2002, creating a business model that revolves around helping businesses, families, and individuals understand their benefit options and educating them on the differences. Altruis Benefit Consulting is one of largest producers of individual health insurance in the state of Michigan. Anthony will share why you should consider all options like available subsidies or tax credits before the final decree is signed, and why it is important to consider what your family’s actual needs will be as far as medications, specialist visits and treatment rather than just the bottom line on your monthly premium. Resources:Find out more about Anthony Fracchia and Altruis Benefit Consulting. Connect with Anthony Fracchia on LinkedIn.Read Altruis Newsletter about open enrollment HERE.Find out more about changes to health insurance since the Affordable Care Act HERE. Connect with Melissa Fradenburg and learn more about Divorce Financial Planning at Pearl Planning.Links are being provided for information purposes only. We do not suggest that listening to this podcast will make you wealthy. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax or legal position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Jan 5, 2023
32 min
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