EMPTY NEST
Your children leaving home, making you an ’empty nester’, will cause changes in your life. It will likely be a sad occasion, but it can also provide new opportunities. This is a good time for you (or you and your spouse) to step back and think about how you want to spend your time in the future and a Carte advisor can help you assess the possible impact that this life change will have on your circumstances and objectives.
THESE ARE SOME OF THE QUESTIONS THAT WE SHOULD CONSIDER
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What will be the impact on the family budget with the children gone?
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What sort of financial support might the children still need?
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Should I consider selling or renovating my home?
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Will there be more time for other activities and what would be the cost?
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Should I update my estate/retirement plans?
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What sort of adjustments to my current retirement portfolios should be made?
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Are there any tax implications by becoming an empty nester?