Tag: empty nesters

Group of two couples of baby boomers relaxing and waving while sitting on white adirondack on luxurious green grass lawn

Kids are expensive.  As a result, when children become financially independent, parents often have a substantial amount of extra money on hand.  In this case, they have two basic choices: spend more on themselves or increase their saving for retirement.  What they actually do is an open question.  The answer to that question is important…