Inflation And Divorce: How To Advise Clients

Financial advisors play a significant role in their clients’ lives, including counseling them through major life changes including changing jobs, moving and buying and selling real estate, retirement, and in some cases, divorce.

If your client is negotiating a child support and/or spousal support package and/or proceeding through a divorce, make sure that they are considering the ramifications of inflation. As you know, prices are now rising at the fastest rate in over 40 years. As such, both those receiving and paying support should negotiate a cost-of-living adjustment also known as “COLA.”