Becoming Empty Nesters: Consider This Program with Joe Clark, CFP and Co-host Angi Kinser

In this segment, we will cover: Empty nesting is not all that it is cracked up to be. When the kids are finally gone, and you have some extra money, what should you do? The last thing you want to have happen is that your standard of living dramatically rises. You’ve been saving and accumulating money for your retirement based on a certain margin. With an extra $1,000 a month, it’s easy to take that money and increase your standard of living. If this happens, then you will need to squeeze in an extra $1,000 to maintain your standard of living down the road. So should you pay down debt, or should you save it? Either is fine, just don’t spend that money. Remember, the more you put into accounts, the more you’re going to have.

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Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see our Disclosure page for the full disclaimer.

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