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However, for a number of reasons, adult children sometimes move back home.
Shed been renting it for $3,600 per month.
It was still a $1,000 monthly overall loss.
She admitted this is not how she planned her retirement life, but there are some upsides.
He helps out around the house and makes me laugh a lot.
Revisit Your Retirement Budget
Meyer also recommended revisiting your retirement budget and making adjustments if needed.
Dont hesitate to consult a financial advisor to help navigate this change.
Your priority should be maintaining your financial independence while providing support, he said.
But, if you cant afford to help financially, you oughta make that clear upfront.
Dont leave things up to chance.
Share your financial goals and the values that impact how you spend, give and save, Black said.
Ask your children what their financial goals and values are.
Bite your tongue if you must!
Get a Written Contract
Ellie also recommended getting a written contract.
The emotions involved can make these situations especially sticky.
Its difficult not to feel guilty when my son sends me rent money.
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