Tag Archives: money

McKenzie Bezos: 4 Wealth Strategy Concerns

McKenzie Bezos: 4 Wealth Strategy Concerns

Because of the extensive media attention, celebrity divorces provide us with a look into the financial complexities of high asset divorce. Recently, Jeff Bezos, founder of Amazon, and his wife, MacKenzie, managed to arrive at an agreement outside of the court so that the details remain private.  The couple managed the press without any accusations or airing of dirty laundry which may have helped them reach an agreement quickly. There are some lessons to be learned from their divorce as well as financial concerns to be addressed as highlighted in this article.

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Winter 2019 SICounsel Newsletter

Divorce and Money: Common Pitfalls to Avoid

There are several financial issues that should be carefully considered during divorce. For example, workplace retirement accounts like 401(k)s and pensions must be divided pursuant to a qualified domestic relations order (QDRO). Also, student loans taken out before marriage and then repaid with marital funds may provide an opportunity to claim a credit when negotiating an equitable distribution of marital assets. This article lists some other important issues.

Matt McKee Quoted on FinanceandMarkets.com

SICounsel advisor Matt McKee has been quoted in the article “6 Reasons Why Your Efforts To Save Are Not Adding Up” on FinanceandMarkets.com.  Click the link here to read the full article.

How to Keep Your Divorce from Sabotaging Your Children’s College Education

Most parents consider a college education important to their children’s future, but a divorce could negatively impact the college planning process. Especially when financial resources are constrained. Where parents may have planned to pay for an ivy league education, they may now have to consider a state university. By establishing college savings accounts such as 529 plans early in a child’s life, parents would be better prepared in the aftermath of a divorce. This link provides more information on college planning and divorce.

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