Ep. 36 - Supporting Newly Single Women on Their Journey to Financial Independence

Rachael Burns, CFP and Certified Divorce Financial Analyst joins me to discuss ways to prepare yourself if you find yourself on your own. We talk about: How spiking interest rates have complicated divorce settlements, especially when dealing with real estate. Creative living arrangements like 'nesting'. How you can always be prepared just by being involved in the finances regularly. Rachel will tell us why fixating on to the family home might not always be the best financial decision in a divorce, and why sacrificing retirement savings to keep a house might lead to regret. We'll also cover the emotional and administrative chaos that typically follows a partner's death, offering essential tips on how you can better prepare for managing finances solo. Our discussion will extend to the importance of not just knowing your financial assets but also having a hand in managing them, even if finances aren't really your thing. Contact Rachael Burns at True Worth Financial Follow Michelle on Instagram: @michelle.e.moses Love the show? Share it with your friends and leave a review!   Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.