Learning How To Invest After Divorce

Although divorce is never a pleasant experience, with a little perspective it can be viewed as yet another unexpected opportunity to redirect your financial future,” says expert stock market trader and founder of the Wealthy Investor program, Tyrone Jackson. Jackson teaches Hollywood actors and anyone who’s interested in obtaining a financial education about how to invest.

While the proceedings of a divorce are devastating they can provide new unconsidered opportunities for the divorced individuals. Once they move past attorney’s fees and the splitting of assets, there’s one final thing they must consider: their financial life post-divorce. The reality is that there are many shocking and unexpected life experiences. With a positive mindset, self-directed investors who have learned how to invest and manage their own money can create wealth and residual income for life.

According to Jackson, men and women can experience very different challenges post-divorce. Generally speaking men are filled with resentment. They often feel the burn of having to liquidate their retirement accounts, split assets and pay both alimony and child support. Under these circumstances, learning how to invest and create monthly residual income through trading stocks online can help ease the financial burden and aid in their financial recovery.

On the other hand, women are often left with an unexpected and unanticipated lump sum of cash. They are open to the idea of investing but don’t know how. For some, this is the first time they have ever had to take care of themselves. Even if that is not the case, learning how to invest along with everything else that must be done can be a daunting thought but can go a long way towards insuring a healthy financial future.

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Jump Start Your College Savings

Through May 31, enter the 529 College Savings Day Giveaway to win a $5,000 college savings account from Virginia529 College Savings Plan (Virginia529), the independent state agency which sponsors Virginia’s 529 programs.

In celebration of 529 College Savings Day (529 Day), May 29, Virginia529 will award two $5,000 accounts, one to a current and one to a new account holder. 529 Day is a national campaign to raise awareness of the advantages of saving for higher education through tax-advantaged 529 plans.

Earnings in 529 plans, named after the section of the IRS code which provides their tax advantages, are free from state and federal income taxes when used for qualified higher education expenses. The funds can be used at eligible public and private colleges worldwide, including many kinds of training and certification programs.

In addition, Virginia taxpayers may deduct from individual state taxable income up to $4,000 of contributions per year per Virginia529 account.

Virginia529 offers four tax-advantaged college savings programs, including two investment programs, a prepaid tuition program and an FDIC-insured high-yield savings account program available through BB&T and Union First Market Bank®. The minimum contribution to open an account is $25.

The $5,000 accounts are part of more than $15,000 in college savings Virginia529 will award for 529 Day. In addition, babies born closest to 5:29 p.m. on May 29 at participating hospitals will win $529 accounts.

Learn more about 529 Day and enter the giveaway at Virginia529.com/529day.