WrapManager's Wealth Management Blog

When life changes, we can help you thoughtfully respond.

Boomerang Kids and Your Retirement Plan

Posted by Seton McAndrews | CFP®, Managing Director

July 30, 2015

More and more adult children are living with their parents and grandparents, according to a Pew Research study. The 2013 study shows that nearly three in ten young adults ages 25 to 34 (29%) have lived with their parents in recent years, and 78% of these boomerang children say they’re satisfied with their living arrangements.1

Even if the adult children and their parents or grandparents are satisfied with the day-to-day living arrangements; it’s imperative that you examine how this situation is affecting your retirement plan. Supporting adult children can certainly take a toll on your retirement planning by potentially throwing off your timeline or the amount of money you are able to save.

Your financial advisor can help you to see how the figures add up in your current situation. However, only you can strike a balance for your family between providing enough support to set your children on a productive course without undermining your own financial well-being.

As you work to strike that balance, consider the following:

[+] Read More

Retirement Planning

Federated - Strategic Value Dividend Q2 Commentary

July 29, 2015
Federated has released their second quarter, managed account commentary for their Strategic Value Dividend portfolio.  "Market Overview The ... [+] Read More

Geneva Advisors - Market Volatility

July 23, 2015
Geneva provides its second quarter market overview for 2015. They discuss geopolitical risks effect on volatility, global economic ... [+] Read More

Top Equity Money Manager Picks - Q3 2015

July 22, 2015
To help investors discover and evaluate money manager strategies, WrapManager’s Investment Policy Committee highlights certain strategies ... [+] Read More

Gradual Retirement Planning

July 15, 2015
There is no doubt that Americans are working longer than ever before. Of those ages 65 and older, about 18% are still working. This is a ... [+] Read More

Wells Fargo Advisors - International Diversification: China and Greece

July 14, 2015
Looking ahead to the third quarter, Wells Fargo Advisors’ Daniel Meehan and Charles Jumet, provide their perspective on the end to the ... [+] Read More

Eagle Asset Management - Interest Rates and Your Retirement Plan

July 9, 2015
Eagle Asset Management's Richard Skeppstrom provides his market perspective for July. "Prudence is restraining growth? Second-quarter ... [+] Read More

Mutual Fund Taxation: How to Deal with a 7-Year Bull Market

July 8, 2015
It’s been quite a bull run for stocks, and the benefits are many for those who have been heavily invested in the stock market these last ... [+] Read More

Wells Fargo - Interest Rates

July 1, 2015
Wells Fargo Advisors provides their weekly recap covering topics from Greece to interest rates increases along with scheduled economic ... [+] Read More

3 Reasons for International Diversification in Your Portfolio

June 29, 2015
Another day, another headline about a potential Greek exit from the eurozone. The “negotiations” between European leaders and Greece over ... [+] Read More
New Call-to-action