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7-10-26 The Boomerang Generation - When Adult Kids Move Back Home
More families are experiencing the Boomerang Generation phenomenon, with adult children moving back home because of housing costs, student debt, career changes, or other life events. Before saying "yes," parents should understand the financial, legal, and retirement planning implications. Richard Rosso & Jonathan McCarty discuss how you can protect your retirement while helping your adult children, including household expenses, setting boundaries, estate planning considerations, and knowing when financial support helps—or hurts. Whether your adult children are moving back temporarily or never…
The skinny
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