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®).

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

Coping with Your Divorce’s Financial Impact – Part 1

The greatest impact of divorce is typically its devastating effect on the family. However, divorce can also be devastating on family finances. Studies have found that spouses who divorce will have to generate 30% more income in order to maintain their lifestyles. Being knowledgeable about your obligations and rights is the best way to decrease [...]

Women and Divorce – Warnings from a Divorce Financial Analyst

Researchers for a University of Utah Report on Divorce cite the following statistics: About one in three women who own a home and have children at home when they divorce lose their homes. Three of four divorced mothers do not receive full payment of child support About one in five women fall into poverty as [...]

5 Potentially Bad Divorce Decisions
(and how to avoid making them)

Going it alone or excluding a Financial Divorce Analyst from your divorce team can lead to bad decisions that will have a negative impact on your future financial security. Here's a short list of the potentially worst decisions that individuals have made and continue to make as emotions take hold. 1. Trading your share [...]

Critical Divorce and Real Estate Issues

Can Have Spouses Seeing Red The majority of future divorcing couples will undoubtedly own some kind of real estate - a family home, vacation property, rental properties, etc. and the odds are that this property will be most valuable asset that the couple will haggle over. A divorce financial advisor can be of immense help [...]

By | 2017-07-27T10:51:32+00:00 December 18th, 2014|Marital Property|0 Comments

Divorce Financial Planner Using Graphics to Settle Cases

Certified Divorce Financial Analysts™ (CDFA) have a unique and effective  "tool" to help individuals understand the potential financial impact that a settlement offer can have on their future finances. If used properly, introducing charts and graphics into settlement discussions can focus all parties on the bigger picture, separate fact from fiction, and make it [...]

Divorce with a Financial Divorce Analyst™ is a no-brainer

Many times, Divorce Mediation can be the most cost-effective, lowest conflict, process of all of the divorce settlement options. Currently, the majority of divorce mediators are either mental health practitioners or attorneys who help couples make decisions regarding the legal, child custody, and financial issues of the divorce settlement. Certified Divorce Financial Analysts (CDFA™) [...]

When Financial Divorce Tactics Trump Sound Financial Planning

There are times when a CDFA’s financial recommendations fly straight in the face of sound financial planning strategies. Since 2008, there have been a few cases where the Divorce Financial Planner has apologized to divorcing spouses, “I know you came to me help you get divorced, but we have to address financial survival first.” [...]

Divorce and Income Taxes – How to minimize taxes and avoid pitfalls

Divorce and income taxes - many times, these two issues become so intertwined that they become the "garden hose" of the negotiations, preventing settlement and paying for your attorney's children's education. If you were physically separated or divorced in 2013, there are several critical tax issues that you will need to address when filing [...]

By | 2017-08-04T08:12:59+00:00 March 31st, 2014|Tax Exemptions|0 Comments