John

About John Faggio

John Faggio is the managing director of Faggio Financial, LLC (www.divorce-finances.com), Maryland's only exclusive matrimonial finance practice. John is a CPA, a Certified Financial Planner® Professional, and a Certified Divorce Financial Analyst (CDFA®).

Selecting the Divorce Attorney Who’s Right for You – Part 2

As discussed in Part 1, a Certified Divorce Financial Analyst (CDFA) will provide comprehensive guidance regarding the financial matters involved when a marriage is dissolved.  An experienced CDFA will also know how the work of a divorce attorney can play a great part in the financial outcome of a divorce settlement. Part 2 will continue [...]

By |2018-03-24T05:53:47-04:00November 28th, 2017|Divorce Filing Status, Divorce Financial Planning, Maryland Divorce Settlement Agreements|Comments Off on Selecting the Divorce Attorney Who’s Right for You – Part 2

Selecting the Divorce Attorney Who’s Right for You – Part 1

Ending a marriage is always a difficult decision, and once both spouses decide to divorce, there will be other important decisions to be made, many with long-term financial impacts. When you consult with a Certified Divorce Financial Analyst (CDFA), the analyst will provide comprehensive guidance regarding the financial matters involved when a marriage is dissolved.  [...]

By |2017-12-30T09:17:38-04:00November 5th, 2017|Divorce Financial Planning, Divorce Settlement Agreements, Financial Divorce Analyst|Comments Off on Selecting the Divorce Attorney Who’s Right for You – Part 1

Helping Your Clients Avoid Costly Tax Traps
in Divorce – Beyond the Basics

Webinar Thursday December 7, 2017 1-2 pm (ET) Registration is limited to 30 Participants $79 Registration Cut-off at 10 pm, December 5th This webinar will enable you to alert your clients of the potential tax traps inherent in most divorce cases. The presentation will include dependent exemptions & transfers, alimony recapture, mortgage interest and [...]

By |2017-11-13T18:19:38-04:00October 27th, 2017|Divorce Filing Status, Income Taxes, News and Events|Comments Off on Helping Your Clients Avoid Costly Tax Traps
in Divorce – Beyond the Basics

Divorce’s Devastating Effects on Finances – Part 2

As discussed in Part 1, the financial effects from divorce remain as devastating as ever, even though American divorce rates have dropped the past three years. Part 2 will discuss the financial impact of alimony and legal expenses. Consult with a financial divorce specialist for professional guidance. Alimony Accumulates Varying greatly state to state how [...]

By |2017-12-08T10:12:20-04:00October 26th, 2017|Alimony, Costs of Divorce, Financial Divorce Analyst|Comments Off on Divorce’s Devastating Effects on Finances – Part 2

New Age Divorce – Financial Strategies to Settle Cases

Seminar Friday September 28, 2018 8:30 to 11:30am Charles I. Ecker Business Training Center 6751 Columbia Gateway Drive Columbia, MD 21046 Seating limited to 30 Participants Early Bird registration (until 9/15/2018) $199 per person $225 after that date Registration cut-off 9/24 Register Now In 2019, Divorce Attorneys and Mediators will have [...]

By |2018-08-21T16:57:08-04:00October 20th, 2017|Business Assets and Divorce, Divorce Negotiations, Income Taxes|Comments Off on New Age Divorce – Financial Strategies to Settle Cases

Divorce’s Devastating Effects on Finances – Part 1

The U.S. divorce rate had dropped for three years in a row, dipping to its lowest mark in almost 40 years in 2016. However, the financial effects from divorce remain as devastating as ever. Depending on the state where you and your spouse reside, the average cost is from $15,000 to $20,000. If you are [...]

By |2017-12-08T10:14:43-04:00October 6th, 2017|Costs of Divorce, Divorce Fees in Maryland, Divorce Financial Planning, Divorce Settlement Agreements, Maryland Divorce Settlement Agreements|Comments Off on Divorce’s Devastating Effects on Finances – Part 1

Is Divorce After 50 Different Financially? – Part 2

As discussed in Part 1, divorcing after the age of 50 will be different than a divorce at a younger age. You may have expected to retire comfortably, but a divorce may result in more household costs and less available income. Those divorcing at a later age may have to resume working or stay on [...]

By |2017-12-08T10:13:16-04:00September 27th, 2017|Divorce Financial Planning, Marital Property, Maryland Divorce Settlement Agreements|Comments Off on Is Divorce After 50 Different Financially? – Part 2

Is Divorce After 50 Different Financially? – Part 1

Divorcing after the age of 50 will be different than a divorce at a younger age. Although marriages of younger people end for similar reasons, couples over 50 will face other factors related to their age that already exist or are looming. Issues regarding health, retirement, and generating income must be faced, adding stress to [...]

By |2017-12-08T10:18:12-04:00September 3rd, 2017|Financial Divorce Analyst, Marital Property, Maryland Divorce Settlement Agreements|Comments Off on Is Divorce After 50 Different Financially? – Part 1

The Ten Biggest Divorce Financial Errors – Part 2

As mentioned in Part 1, it is important to avoid the ten biggest divorce financial errors during settlement negotiations. Consult with a financial divorce specialist to protect yourself and your children financially. Part 2 will cover the second 5 of 10 mistakes. 6 – Poor Budgeting It is common for a divorcing spouse to underestimate [...]

By |2017-12-08T10:22:19-04:00August 30th, 2017|Divorce Financial Planning, Divorce Negotiations, Maryland Divorce Settlement Agreements|Comments Off on The Ten Biggest Divorce Financial Errors – Part 2

The Ten Biggest Divorce Financial Errors – Part 1

The following are the ten biggest divorce financial errors to avoid during settlement negotiations. Consult with a financial divorce specialist to protect yourself and your children financially. 1 – Emotional Attachment to Assets It is natural to have an emotional attachment to a company pension, family home, or artwork purchased over the years while you [...]

By |2017-12-08T10:21:03-04:00August 4th, 2017|Divorce Financial Planning, Financial Divorce Analyst|Comments Off on The Ten Biggest Divorce Financial Errors – Part 1