Tag: fly the coop
![Group of two couples of baby boomers relaxing and waving while sitting on white adirondack on luxurious green grass lawn](https://crr.bc.edu/wp-content/uploads/2023/09/Group-of-two-couples-of-baby-boomers-relaxing-and-waving-while-sitting-on-white-adirondack-on-luxurious-green-grass-lawn.jpeg)
New study shows miniscule increase in 401(k) saving, suggesting retirement crisis is real. 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…