How to Financially Transition from Married to Single Life (and Not Run Out of Money) with Laurie Itkin

This week I sat down with Financial Advisor and Certified Divorce Financial Analyst, Laurie Itkin.

Laurie Itkin is a financial advisor and certified divorce financial analyst who specializes in helping women transition financially from married to single life. She is passionate about increasing the financial literacy of under-served populations and provides pro-bono financial planning through the San Diego Financial Literacy Center. Her book, "Every Woman Should Know Her Options: Invest Your Way to Financial Empowerment," became an Amazon best seller in three categories. Laurie also offers an affordable online course specifically for recently-divorced women called, "How Not to Run Out of Money: The Recently-Divorced Woman's Guide to Financial Independence." She received her B.S. in economics with a concentration in finance from the Wharton School of the University of Pennsylvania.

HERE'S WHAT YOU’LL LEARN FROM THIS EPISODE:

• What a Certified Divorce Financial Analyst is
• Considerations when planning to keep the home as a part of a divorce settlement
• The biggest financial mistakes people are making when it comes to dividing assets and the growth potential you’re giving up
• How you may unknowingly turn yourself into a martyr
• The changes that you’re going to face in downshifting your lifestyle
• Why knowing your priorities is important and debt is not an option
• Where to begin in getting financially organized if you’re preparing for a divorce
• How to find your assets and debts and educate yourself up front
• What a settlement agreement is and why it’s important to take action on it ASAP
• What a Qualified Domestic Relationship Order is  and how it benefits you
• Where to begin with securing and protecting what is yours (and what you're probably overlooking)
• How to start with getting track of what is coming in versus what is going out
• Why it’s important to live below your means now

LINKS WE MENTIONED ON THE SHOW:

• The Options Lady
• Every Women Should Know Her Options
• How Not to Run Out of Money: The Recently Divorced Woman’s Guide to Financial Independence
• Laurie’s website