Divorce often brings a wave of financial decisions. Co-founder and Chief Investment Officer Leslie Thompson spoke with Janet Bodnar at Kiplinger about key post-divorce actions, including managing shared debt, closing joint accounts and monitoring credit to help clients rebuild financial security.

How to Get Your Finances Back on Track After a Divorce

By Janet Bodnar

Published: May 6, 2025

Last month, I wrote about a survey in which the Employee Benefit Research Institute interviewed retirees on how satisfied they are with their financial situation in retirement. Among the respondents, those who were separated or divorced were least satisfied with their financial well-being.

That’s not surprising when you consider that after divorce, “income drops for the vast majority of people,” says Stacy Francis, CEO of Francis Financial, in New York City. That’s especially true for women who were not the primary breadwinners in their households or had spent years out of the workforce.

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“Legal measures like drafting a will and designating guardianship for children further strengthen financial and family protection,” co-founder Leslie Thompson shared with Gregg Greenberg at InvestmentNews. Her perspective highlights tangible steps single mothers can take to safeguard their futures and protect their families.

You can now find Spectrum Wealth Management at Focus Partners Wealth.

Focus Partners Wealth is an organization of wealth, asset, and business management resources that brings strength, innovation, and partnership to client relationships. Through a comprehensive range of services, we work with clients at every stage, helping them control their financial future-whether that’s planning for retirement, preparing the next generation, or growing your business. Our personal relationships with our clients will remain the foundation and future of our firm – Welcome to our new firm!

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How to Get Your Finances Back on Track After a Divorce

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You can now find Spectrum Wealth Management at Focus Partners Wealth.