It’s been a long time coming. You've worked hard raising your kids, and now they're officially out of the house and on their own. It’s a lot quieter around the house now, but it's kind of peaceful. You miss the kids, but suddenly there's more time for yourself for you to focus on your needs and interests. You can consider it as sort of pre-retirement, a glimpse at the freedom that lies ahead.
Still, you feel a little lonely. That's the irony of the “empty nest.” Being a parent has become a large part of your identity, and it takes a while to adjust back to life the way it was before you had children. However, that's exactly what you need to do. Your responsibility of raising them is over, for the most part, and it's time to look out for yourself again.
As you enjoy your new empty nest, it's time to review the financial planning you did over the years, like insurance policies you established long ago and retirement plans you've put together since then. Your life has probably changed in ways you could not have predicted. Are you still on target? Maybe you have new visions and dreams or new demands, such as your health, that require attention.
The important thing is that you take stock of your financial preparedness and make the necessary adjustments.
Learn more about how to Consult a Financial Professional.
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