What does a CDFA do?
The role of a Certified Divorce Financial Analyst® professional is to assist the client and their lawyer or mediator to understand how the financial decisions they make today will impact the client’s financial future.
We will be responsible for:
Identifying the short- and long-term effects of dividing property
Helping you develop a budget
Reviewing pension and retirement plan issues
Determining affordable options for the matrimonial home
Evaluating the client’s insurance needs
Providing the client and lawyer with data that shows the financial effect of any given divorce settlement
Explaining tax issues that apply specifically to divorce
Working with individuals
couples as a financial neutral.
Who gets the house?
What tax issues must we be concerned with?
How do we divide our retirement accounts?
How will the lower-earning spouse survive financially?
What is the cost?
There is a free phone consultation where we can discuss your situation and see if it’s a good fit.
If you choose to engage our service, the hourly rate is $150 & the typical client will involve 6 hours of work.
Scott Birmingham, CFP®, CDFA®,
Scott decided to focus his BYB Financial Coach practice on guiding couples and individuals through the unique financial challenges of a divorce after discovering how little support there was in this area during his own divorce. Scott has 20 years experience in financial services with the highest credentials in the industry.
CFP® (Certified Financial Planner)
CDFA® (Certified Divorce Financial Analyst)
ChFC (Chartered Financial Consultant)
CAP (Chartered Advisor in Philanthropy)