Boomerang Children Part 2: 3 Ways To Launch Your Adult Child

As mentioned in part 1 of this post, adult children move back home with their parents for a number of different reasons including recently graduating from college or losing a job.  A few times a week I hear from clients seeking guidance on how to encourage their adult child who has moved back home to live independently again.  In part 2 of this post, we will look at three practical ways to launch your adult child.

How To Make The Rest Of Your Life, The Best Of Your Life

Recently, we posted a quote to our Facebook page that garnered great interaction.  The simple yet powerful quote read, “I’m going to make the rest of my life, the best of my life.”  Many recent retirees may find themselves resonating with this quote or similar inspiring phrases.  During a transition period as significant as retirement, many will reflect upon practical ways to ensure that the years ahead are filled with happiness, satisfaction and unrivaled fulfillment.  After reflecting upon the above quote, we have compiled a list of simple, practical ways to truly make the rest of your life, the best of your life.

When It Comes to Retirement Planning, One Size Does Not Fit All Part 2: How Much Income Will I Need In Retirement?

As discussed in our previous blog post, When It Comes to Retirement Planning, One Size Does Not Fit All Part 1: The Safe Withdrawal Rate, individuals facing retirement are now being involuntarily thrown into the role of retirement planner due to the gradual extinction of defined benefit pensions.  Without the proper education and training, these individuals have to trust broad, general assumptions regarding retirement planning; which, needless to say, presents several problems.

Boomerang Children and Retirement Savings

Do you currently have an adult child living at home?  Maybe your child just graduated and is weighed down by college loans, or maybe your child just lost his/her job and needs some help figuring out what’s next.  Adult children return home for a number of different reasons and, for the most part, parents want to help.  While it’s very common for parents to help their adult children financially, there’s one question they must consider: How will this support affect my retirement savings?  Without proper planning and open communication, financial support of a boomerang child could quickly drain your retirement fund. 

Life Insurance Policies: Children and Grandchildren

Have you ever wondered how to help secure the financial future of your children or grandchildren beyond college expenses?

Fewer companies are offering pensions, with the share of Fortune 500 companies that provide them to new hires falling to 24 percent at the end of 2013 from 60 percent in 1998. Only 7 percent of employers offer new employees traditional pensions, which pay out a certain amount at retirement based on a worker’s pay and how long they stayed with a company. (1)