Jamie Lima: Turning Divorce Trauma into Financial Freedom

Money Talk with Yu, hosted by Jerry Yu

Join Jamie Lima as he shares his personal journey through financial challenges in divorce, offering insights on how to make better financial decisions during this difficult time. But when faced with the complexities of after-tax asset valuations, will Jamie be able to guide his clients to fair settlements, or will they be left in financial turmoil?

About Jamie Lima:

Jamie Lima, the founder of Allegiant Divorce Solutions, is an experienced professional in the field of financial planning, with a particular focus on divorce-related financial challenges. Having launched Allegiant Divorce Solutions as a sister company to his financial planning firm, Woodson Wealth Management, Jamie brings almost two decades of financial planning experience to the table. His credentials include an MBA, CFA, and CDFA, demonstrating his commitment to providing clients with expert guidance in navigating the intricate financial aspects of divorce. Jamie's dedication to ensuring his clients achieve fair settlements and experience reduced stress during divorce proceedings underscores his mission to deliver valuable support to individuals facing similar circumstances.

On today’s Fortify Your Financial Kingdom, Jamie and Jerry discuss how to:

• Master financial challenges in divorce to gain control of your future.
• Uncover the importance of after-tax valuations and protect your financial interests.
• Embrace empathy in divorce financial planning for a smoother transition.

Key Takeaways:

• Mastering Financial Challenges in Divorce

Understanding financial complexities is a critical skill when navigating divorce. Dissecting each asset's implications and the tax treatments can have a significant impact on the final settlement.

• Uncover the Power of a Certified Divorce Financial Analyst

Employing a certified divorce financial analyst (CDFA) can make a significant difference in understanding the financial aspects of divorce. Unlike traditional financial planners, CDFAs specialize in divorce procedures and offer invaluable expertise in the process.

• Importance of After-Tax Valuations

Understanding the importance of after-tax valuations is essential during a divorce. Assets like 401(k)s and property might seem identical on the surface, but tax implications may cause disparities in their effective values.

“It's taking some of those negative experiences and trying to turn them into a positive."

—Jamie Lima

Contact Jamie:

LinkedIn: https://www.linkedin.com/in/jamielima/

Website: https://allegiantds.com/ | https://woodsonwm.com/

About the host, Jerry Yu:

Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.

Contact Jerry:

Website: www.reignfinancialservices.us

Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

Facebook: www.facebook.com/reign.financial.insurance

Instagram: www.instagram.com/reign.financial

YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)

Office: 500 Technology Dr., #300. Irvine, CA 92618

Work: [phone]

Cell: [phone]

Email: [e-mail]

Show notes by Podcastologist: Hanz Jimuel Alvarez

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.