Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Financial adviser Dan Danford, CFP®, CRSP®, MBA, spent 15 years advising employers how to invest their 401(k) and retirement plans.

So Danford is uniquely qualified to answer this question from a Money Made Easy viewer about what to do when dissatisfied with your 401(k) funds:

I want to shift my money to different funds within the plan. When making this decision, which do you think I should focus on more: the funds' expenses or the returns the funds have earned?

Danford explains why you should focus on expenses first, but there is an important caveat when it comes to ensuring you are comparing apples to apples with different 401(k) funds.

Forget rules of thumb when it comes to determining your aggressiveness in investing, according to financial adviser Dan Danford, CFP®, CRSP®, MBA.

A reader submitted a Money Made Easy question to Danford asking if the rule of thumb of limiting your stock percentage to 110 less your age makes sense if you don't want to risk giving up potential gains.

In the video below, Danford offers his reasons for ignoring that oft-used financial expression and why answers to retirement questions and portfolio diversity depend on what your retirement time horizon is.

Question:

Do you have any financial advice on divorce when it comes to dividing retirement and mutual funds?

My wife and I have reached a proposed agreement to divide the retirement accounts and that each of us will retain any stock, bond, or mutual fund that is held in one person's name solely.

Can our proposed financial settlement overrule any state laws that require us to divide all the property we acquired during the marriage?

In this week's edition of Money Made Easy, host Dan Danford answers this financial question from a viewer: When choosing which companies to buy stock in, what should I be looking for? What are some steps that I should take to research a company?

Danford, MBA, CRSP of Family Investment Center, explains the difference between great companies and great stocks and how to seek unbiased research.

Among the Ask a Divorce Lawyer questions answered today by Cordell & Cordell attorneys:

• Do I have any rights to the home since I refinanced it but it was hers from her first marriage?
• My wife had a car prior to our marriage but we paid off some of the loan during the marriage. Am I entitled to anything? I also had some stocks prior to marriage and some purchased during our marriage. How is this distributed?
• If I can't afford a divorce attorney, can I get the other party to pay for my attorney fees?