I see our family as a very modern family—with our children living at home with us—mainlybecause so many young people are graduating with enormous amounts of college loans. My son is a junior—he’s just finishing his junior year. But my daughter graduatedlast year.
And private college is $50,000-$–$55,000a year. But we knew that, once she graduated, Capitalism, free markets, and its variations that look after its citizens, is and has been … we needed to help her to get on her feet. We were very blessed for her to find a job with my company. So that situation was: “Youstay here with us, you pay off your loans, and don’t worry about anything else.” For the future, what are we going to do? You know, what are our finances going to looklike? How long are they staying? It would be nice if they stayed for a while.
On theother hand, how quickly are they packing to go? Can we retire in 10 years, or 15 years? My husband wants to work until he’s 90, but I’d like to retire early. But can we do that? 48 Creative Dollar Store Organizing and Storage Ideas We’ve decided to look at moving, to a location, to a different location, an out-of-state location,because of several factors, such as, the cost of living, taxes, and those type of, I guess,lifestyle factors—a less stressful lifestyle. Leaving the home that we’ve lived in for 24 years is a very emotional situation. But,again, we are making decisions to financially put ourselves in a better place for retirement.
That’s where we are at this point. I don’t know that we’ve decided that we’re setting a limitation. I think my daughter—she’seager to get out on her own. With my son, I think we probably have to have more of ahard line, not because we want him to go, but I think it would be better for him tobe on his own to learn that independence. If I could give one piece of advice to families that have their adult children living homewith them, it’s: keep a dialogue open and help them to have a plan. You know, directthem and show them some of the mistakes that you’ve made, because you learn from yourmistakes, not always from your successes. But your mistakes teach you a lot more sometimes.