Divorce Like a Boss: Real Talk and Strategy for High Earners with Financial Advisor, Nick Defenthaler, CFP, RIPC
Tax strategies that high-wage earners need during divorce but rarely receive proper guidance on - that's the focus of this deep-diving conversation between host Jacki Roessler, CDFA and returning guest Nick Defenthaler, CFP and partner at the Center for Financial Planning.
For executives receiving equity compensation, the conversation turns to concentration risk - the danger of having too much net worth tied to a single company's performance. "Our general rule of thumb is no more than 10-20% within one particular company stock," explains Nick, while acknowledging the emotional attachment many feel to their company shares. The solution? A strategic "capital gains budget" approach that systematically diversifies assets while managing tax implications.
Throughout the episode, both experts emphasize that while technical knowledge matters, successful financial planning during divorce requires balancing mathematical precision with empathy for the client's emotional reality. As Nick puts it: "You can look at the math and it could tell us one thing, but there's this other component called the human element."
- Ready for some advanced tax planning tailored to your post-divorce life? Reach out to Nick by calling 248-948-7900 or clicking this link: CLICK HERE
- Want to create your idea "paycheck" in retirement? Listen to Nick's previous guest spot on the podcast by CLICKING HERE
- Think you may be a good fit for divorce financial planning? Book a complimentary intro consultation with Jacki by CLICKING HERE
Visit us at https://www.roesslerdivorce.com/ to learn more about Jacki's practice and to find valuable resources for your case.
The Divorce Rich podcast is proudly sponsored by Center for Financial Planning: Striving to Improve Lives through Financial Planning Done Right! https://www.centerfinplan.com/