How will you maintain financial stability through the divorce process? This week’s guest, Jamie Lima, a seasoned financial planner with extensive experience in divorce planning and wealth building is here to answer your questions about divorce planning and wealth building. Jamie and Joel discuss the statistics of divorce, the financial planning industry, and divorce's financial impacts. Jamie shares divorce planning strategies, tax implications, and ways to balance financial priorities during a divorce. Jamie emphasizes the importance of financial education before entering into marriage. Joel and Jamie discuss the importance of setting clear and specific financial goals and the resources available to assist individuals navigating through the process of divorce.
“People don’t really understand the impact that taxes have on some of the decisions they have to make.” - Jamie Lima
Episode Summary:
How will you maintain financial stability through the divorce process?
This week’s guest, Jamie Lima, a seasoned financial planner with extensive experience in divorce planning and wealth building is here to answer your questions about divorce planning and wealth building. Jamie and Joel discuss the statistics of divorce, the financial planning industry, and divorce's financial impacts. Jamie shares divorce planning strategies, tax implications, and ways to balance financial priorities during a divorce. Jamie emphasizes the importance of financial education before entering into marriage. Joel and Jamie discuss the importance of setting clear and specific financial goals and the resources available to assist individuals navigating through the process of divorce.
About Jamie Lima:
Jamie Lima is the Founder and President of Woodson Wealth Management and Owner of Allegiant Divorce Solutions. Jamie’s career began with Morgan Stanley in 2006. He later joined Fidelity Investments in 2011, where he was responsible for the oversight of over $1 billion in assets of 450 high-net-worth families and businesses. During his tenure with Fidelity, he also spent several years coaching and training fellow associates nationally with a focus on the southern California region. To that end, he brings over 20 years of financial education and hands-on experience in the Financial Services industry. Jamie holds an MBA from National University in San Diego and has been a CERTIFIED FINANCIAL PLANNERTM for nearly a decade. He is also a Certified Divorce Financial Analyst®.
Jamie loves helping his clients make complex financial decisions, and ‘making the puzzle pieces 'fit’ for them. “The Financial Planning process can seem like an overwhelming exercise, but it doesn’t have to be. My job is to ensure that my team and I are with our clients every step of the way. Our job is done when clients can easily understand and, more importantly, are able to execute on them. The pinnacle for me is creating a cohesive (and executable) plan, which every important stakeholder can follow and implement. Relating to divorce, I thoroughly enjoy watching my clients gain a fair and equitable settlement as they prepare for a new phase in life.”
Outside of work, Jamie and his wife, Dawn, spend a lot of time in their Jeep off-roading, working around their farm in Ramona, CA and trying to keep up with their 5 (yes, 5!) kids.
In this episode:
Key Takeaways:
Are you ready to take charge of your financial freedom?
Check out Joel’s new course! https://joel-farrell-be35.mykajabi.com/offers/yLCu5bFC/checkout
Connect with Jamie Lima:
Connect with Joel Farrell:
Audio and show notes by