AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Afford Anything
Ask Paula: A Year Off Work, a Career Change, and a Divorce: How to Make It Work
Sep 13, 2023
51:48
Snipd AI
In this live episode, the hosts answer questions on navigating divorce financially and planning for a one-year sabbatical. They discuss the division of assets in divorce, the importance of forensic accountants, and strategically increasing income post-divorce. They also cover financial planning quadrants, incorporating VA disability payments into financial planning, and offer strategies for long-term planning. The episode ends with playful conversation and promotions.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Plan for uncertainty when considering disability payments from the VA in your financial planning.
- Include VA disability payments in your cost-FI number but be conservative in your estimates to ensure a durable and adaptable financial plan.
Deep dives
Considering the Uncertainty of Disability Payments in Financial Planning
When it comes to disability payments from the VA, it is important to plan for both the best and worst-case scenarios. While the VA disability payments are relatively secure, there is always a level of uncertainty when it comes to government programs. In order to account for this uncertainty, consider calculating a range of potential outcomes in your financial planning. One approach is to run two scenarios: one that does not rely on the disability payments at all, and another that factors in a lower inflation adjustment for the payments. By planning for both situations, you can create a more robust financial plan that accounts for potential changes in your disability payments over time.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode