My interview with Divorce Corp documentary director Joe Sorge on the idea of requiring financial disclosure of assets and liabilities BEFORE marriage: https://soundcloud.com/sudden-wealth-radio/divorce-corp-the-business-of-divorce#t=44:28 ROBERT PAGLIARINI: One of the things I’ve been thinking about for some time is essentially forcing every soon-to-be-married couple to have a prenup. When people think of prenuptial agreements, they often think…
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I recently interviewed the director, Joe Sorge, of a new documentary called “Divorce Corp” about the perils and problems of the current family law system. Here is a snippet from the full Divorce Corp interview: ROBERT PAGLIARINI: In a divorce process, there are the parties that are getting divorced (the husband and the wife), and…
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Have you created a company that someone will want to buy? Your children won’t necessarily want to take over your business, so an exit strategy is essential to getting the outcome you want. You must prepare your firm for the transition – and you must be prepared as well. When should the planning begin? Think…
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As a lottery winner, you are likely to be barraged by tax, legal, and financial issues. The only method to successfully navigate your way through the complexity is to have a team of experts who are the best at what they do. The question is, who is the best financial advisor for lottery winners? I’ve…
Read MoreWhen turbulence hits Wall Street, are you stressed out? If you have taken on too much risk in your portfolio – which can happen through intention or inattention – stock market volatility may make you anxious. So from time to time, it is a good idea to review how your assets are invested. Your asset…
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As you save for retirement, you also recognize the possibility of having to pay major health care costs in the future. Is there some way to plan for these expenses years in advance? Just how great might those expenses be? There’s no rote answer, of course, but recent surveys from AARP and Fidelity Investments reveal…
Read MorePositive moves to counteract negative cash flow. The financial analysis website nerdwallet.com keeps track of the various debts common to the U.S. household. As of April 2014, they’ve found an average mortgage debt of $154,365. They have also discovered an average household has $7,087 in debt from credit cards, but when the numbers are revised…
Read MoreIf you want significant reward, you will have to assume some risk. Anyone investing in securities – particularly stocks and funds – must accept that reality. Investing in the markets gives you an opportunity to accelerate the growth of your savings and outpace inflation, and you definitely want that chance – but how do you…
Read MoreAre student loans holding our economy back? Certainly America has recovered from the last recession, but this is an interesting question nonetheless. In a November 2013 address before the Federal Reserve Bank of St. Louis, Consumer Financial Protection Bureau Assistant Director Rohit Chopra expressed that college loan debt “may prove to be one of the…
Read MoreHIRING & MANUFACTURING PICK UP America’s economy created 288,000 new jobs in April, the most in any month since January 2012. Labor Department data showed the jobless rate falling dramatically to 6.3%, largely due to more people abandoning the job hunt. Still, the U-6 rate (unemployment + underemployment) was at 12.3% in April, a 4½-year…
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