A short-term funding vehicle such as a home equity line of credit or investment credit line may fit nicely to resolve short-term cash needs without disrupting their investment strategy. Advisors should caution their clients not to focus too narrowly on the property settlement. Taking a balanced approach to long-term planning for the lifestyle she wants five or more years after divorce can assist female clients tremendously.
BNY Mellon has always operated as a fiduciary. But there’s definitely a recent trend throughout the broader industry toward the fiduciary standard.
The 4% rule was developed using historical data available over 20 years ago and is less relevant to data available now or looking forward.
Retirement savers who hold fast to assumptions like “the 4% rule” on withdrawal rates or that their taxes will fall after their career is over could be in for a surprise.
To paraphrase Tolstoy, all happy couples are alike, but everyone’s divorce is hard in its own way. No one’s path through a divorce is the same, not even for the two halves of a former couple.
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