When Is It Financially Time for Your Adult Kids to Move Out?

Many parents want their adult kids to move out, but aren't quite sure when the time is right. Some choose to allow their children to remain at home while they complete their college education or begin their careers. While this can certainly let their kids get a solid financial footing under them, figuring out precisely when they should move out isn’t always easy.Even if you are open to providing some level of monetary support to your kids, that doesn’t mean they need to stay in your home Read more [...]

Can I Use My 401(k) to Pay for My Child’s Education?

Let’s face facts; college is expensive. No parent wants to see their child saddled with thousands upon thousands of dollars in debt, or sacrificing decades of financial well-being to repay it. Student loans are a serious burden; one that I’m sure you’d do anything to help them avoid.Since many parents of college-aged children have been contributing to a 401(k) for many years, it can be tempting to use some of those funds to help pay for their child’s education. If you are considering using Read more [...]