12 - Mastering Divorce Finances: Insights from CDFA Tyler Chernack on Navigating Your Financial Future
Manage episode 436401334 series 3586951
Title: Mastering Divorce Finances: Insights from CDFA Tyler Chernack on Navigating Your Financial Future
Episode Summary: In this insightful episode of High Vibe Divorce, host Melissa Wheeler Farag speaks with Tyler Chernack, a Certified Divorce Financial Analyst (CDFA) and wealth manager, about the crucial role of financial planning in divorce. Tyler shares his personal journey through divorce and how it led him to become a CDFA. They discuss how a CDFA can simplify the financial aspects of divorce, reduce conflict, and help both parties achieve a fair settlement. The conversation covers the differences between a CDFA and a forensic accountant, the importance of understanding financial documents like income and expense declarations, and creative strategies for managing retirement accounts and other assets during a divorce.
Key Topics:
- Affirmation: "I let go of what I can't change."
- Role of a CDFA: How financial expertise can simplify divorce settlements and save money.
- Personal Insights: Tyler’s experience with divorce and why he became a CDFA.
- Comparison: CDFA vs. Forensic Accountant.
- Financial Planning: Importance of creating budgets and understanding financial disclosures.
- Retirement Planning: Key considerations during divorce and the significance of timing in withdrawals.
- High Vibe Divorce: What it means to have a positive, transformative divorce experience.
Guest: Tyler Chernack, CDFA, Vice President at TSG Wealth Management
Resources:
- Contact Tyler Chernack: TSG Wealth Management
- Connect with Melissa: High Vibe Mediation | High Vibe Divorce Podcast Instagram
Call to Action: If you found this episode helpful, please subscribe and leave a review on your favorite podcast platform. Share this episode with friends who might benefit from it, and remember to keep the vibes high and the conflict low during your divorce journey.
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