Blog Archives
Financial Abuse – The Most Common Type of Abuse That Far Too Many Ignore
What is Financial Abuse? Financial abuse is rarely acknowledged, and yet it is one of the most common types of abuse. It often goes unrecognized, and how it presents itself in relationships can be varied. The goal of the abuser is to manipulate, intimidate, and threaten the victim through finances in order to entrap the[…..]
3 Steps Women Can Take to Recover and Rebound Financially From the Pandemic
Women’s Equality Day, celebrated every August 26th, commemorates the passage of women’s suffrage, granting women the right to vote in the U.S., in 1920. This holiday reminds us of the hurdles overcome by women, and the many grave risks heroic women faced to propel the women’s movement forward. Despite chipping away at the glass ceiling[…..]
Why Women Should Seek Out Financial Advice Before Divorcing Or Separating
Contrary to what movies make us believe, rarely does a woman meet with my firm with the goal of taking every last penny from her spouse. Nor do we ever see women who hide assets so they don’t have to give a fair share to their soon-to-be-ex. Nearly one-third of the women who walk through[…..]
Raiding Your 401(K) Can Be a Divorce Disaster
It’s more common than you might think: Tapping retirement accounts to make ends meet during divorce. And it’s also potentially much more costly than you realize. Many divorcing spouses find themselves strapped for money to pay for mounting legal bills and the higher costs of supporting two households, rather than one. With bank accounts and[…..]
Women – Underpaid and Overloaded: COVID-19 Exposes The Cracks in Our Society and Financial System
The COVID-19 pandemic is further exposing the financial inequities between men and women and is threatening to undo the few steps forward women have taken over the past several decades in the workforce and in their bank accounts. As of December 2019, women held more jobs than men, but on average, women still face a[…..]
Coronavirus Market Swings Can Lead to Amygdala Hijack
Our brains are wired to look for danger and react quickly to an approaching attack; however, the most recent threat is invisible, but no less distressing to our primitive brains. Plummeting stock prices are sending some investors over the edge, leading to irrational behavior that has dire long-term financial repercussions. In the book, Your Money[…..]
Francis Financial’s Response to COVID-19
First and foremost we hope you and your loved ones are staying healthy during this unprecedented time. In this time of social distancing, I want to assure you that we are here for you, and Francis Financial business continues, as usual. We have enacted our Business Continuity Plan, as part of Francis Financial’s ongoing efforts[…..]
Keeping the House Post-Divorce Has Gotten More Affordable
The question of whether to keep or sell the family home after divorce is tricky. You’ve got to set your emotions aside and do the math. Lately, that math has been a little more favorable for those who’d like to stay. Here’s why. Typically, financial advisors have recommended against keeping the marital home. In the[…..]
The Impact of Coronavirus on the Markets
Over the weekend, news broke out about the coronavirus taking a larger hold outside China, as new cases were confirmed in Italy, South Korea, and Iran. Companies worldwide are trying to predict the impact this virus will have on sales and their bottom lines. This uncertainty has led to the stock market to fall with[…..]
What the Oscar Nominated Movie, Marriage Story, Left Out About Finances in Divorce
Marriage Story is applauded as a heroic and truthful divorce story, but despite its very real portrayal of the emotional toll divorce can take on a couple and their family, the movie only glosses over the role that money plays in divorce. Marriage Story alludes to money issues, but it fails to elicit a conversation[…..]