John

About John Faggio

John Faggio is the managing director of Faggio Financial, LLC (www.divorce-finances.com), Maryland's only exclusive matrimonial finance practice. John is a CPA, a Certified Financial Planner® Professional, and a Certified Divorce Financial Analyst (CDFA®).

Is Divorce After 50 Different Financially? – Part 1

Divorcing after the age of 50 will be different than a divorce at a younger age. Although marriages of younger people end for similar reasons, couples over 50 will face other factors related to their age that already exist or are looming. Issues regarding health, retirement, and generating income must be faced, adding stress to [...]

The Ten Biggest Divorce Financial Errors – Part 2

As mentioned in Part 1, it is important to avoid the ten biggest divorce financial errors during settlement negotiations. Consult with a financial divorce specialist to protect yourself and your children financially. Part 2 will cover the second 5 of 10 mistakes. 6 – Poor Budgeting It is common for a divorcing spouse to underestimate [...]

The Ten Biggest Divorce Financial Errors – Part 1

The following are the ten biggest divorce financial errors to avoid during settlement negotiations. Consult with a financial divorce specialist to protect yourself and your children financially. 1 – Emotional Attachment to Assets It is natural to have an emotional attachment to a company pension, family home, or artwork purchased over the years while you [...]

Mitigating the Financial Effects of Divorce – Part 2

As discussed in Part 1, divorce will probably result in a significant measure of financial loss for most ordinary people. If you are getting divorced, it is very important to seek both financial and legal advice. Part 2 will cover several more important ways that will mitigate the financial effects of divorce. Support Team The [...]

Mitigating the Financial Effects of Divorce – Part 1

Divorce will likely result in a significant measure of financial loss for most ordinary people.  Contested divorces typically cost more than $20,000 in court costs and legal fees. However, there will be other costs that are indirect that should be considered. Divorce results in supporting two households, which may be twice as expensive than maintaining [...]

By | 2017-07-31T12:10:56+00:00 July 12th, 2017|Divorce Financial Planning|0 Comments

Coping with Your Divorce’s Financial Impact – Part 2

As mentioned in Part 1, divorce can be devastating on finances. Being knowledgeable about your obligations and rights can decrease the costs and lessen the anguish of divorce. Part 2 will discuss Division of Property and Financial Impact. Division of Property Without a prenuptial agreement, state divorce laws determine how assets will be divided. Arizona, [...]

Five Common Mistakes You Must Avoid
to Obtain a Positive Result

Negotiating your separation agreement can be one of the most trying, costly, and long-lasting events in your lifetime. Just like our transition to springtime, a change in attitude and mindset can enhance your chances of a faster and financially positive divorce settlement. To be better informed and able to make the tough decisions that come [...]

Providing spouses penalty-free access to
retirement funds in divorce

Tactical financial divorce advice is particularly critical when it comes to splitting the retirement plans. This article shows how one or both spouses can avoid the 10% early withdrawal penalty. Divorce Settlement Many spouses caught in the trauma of the divorce settlement process face the same problem. They have a need for cash but most [...]

By | 2017-08-31T12:53:47+00:00 June 20th, 2017|Women and Divorce|0 Comments

Five Critical Factors That Must Be Evaluated For a Positive Result

You can dramatically improve your chances of starting your new life on sound financial footing if you look beyond the divorce settlement and analyze the impact that your decisions will have on your finances in the short and long-term future. For example, the decision of who will own and occupy the family home certainly has [...]

By | 2017-08-04T09:31:02+00:00 June 20th, 2017|Budgets, Costs of Divorce, Women and Divorce|0 Comments