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.
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.
