For nearly two decades, Roger Stadtmueller has served as the managing partner with Stadtmueller & Associates, a CPA firm located in Spokane, Washington. In conjunction with his day-to-day accounting practice, Roger Stadtmueller is a longtime member of the American Institute of CPAs (AICPA).According a recent survey conducted by AICPA, 75.6 percent of people who are divorced and old enough to retire are not adequately educated about their personal financial lives. Over the last 27 years, the divorce rate among retirees has increased twofold, which makes the importance of understanding how divorce impacts their financial situation paramount.The survey also shows that women tend to have better financial habits post-divorce than men. With nearly twice as many women as men finding employment after a divorce, women also are nearly 2.5 times more likely to bolster their retirement savings than men.AICPA Personal Financial Planning Executive Committee member Tracy Stewart says couples tend not to think about what would happen to their finances in the event of a divorce. Because dividing assets can be a complex venture, it’s important that individuals, especially those nearing retirement age, take these issues into account.
Roger Stadtmueller has 25 years of experience as a chartered professional accountant, including 20 years as the managing partner of his own firm. When he's not preparing complex corporate and individual tax returns, Roger Stadtmueller enjoys golfing. When a golf shot goes wide of the fairway, depending on the hole and course, there's a chance the ball could end up in the bunker, which is essentially a sand pit. Bunkers often increase the difficulty of a particular hole and act as a penalty for wayward shots. A player who hits a ball into the bunker isn't penalized in the form of strokes, but getting out of the sand can be enough of a challenge that he or she is likely to gain an extra stroke. Course architects today design holes with hazards such as small ponds and other water hazards, as well as sand traps. There's no definitive answer as to why sand became a part of the game, but at the earliest stages of the game's development in Scotland, sand would blow across the links, forming pits. Another popular theory is that prior to the creation of courses, the links land was often a refuge for sheep seeking escape from cold Scottish breezes and those sheep would carve out pits. When the land was used for golf, it either took too much time or work for the grass to grow back. Sand was the easy solution.
