Emptying the Nest

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Parents can be proud when their young adults leave home to establish a life on their own. The young person is now focused on becoming independent.

Parents now confront a new phase of their own lives, as well. This is an opportunity for empty-nest parents to re-structure spending, review the investment plan and the adequacy of retirement savings, and make plans for potential long-term care.

A number of tasks can help you go through the transition from having children in your home to have the so-called empty nest. These include:

  1. Financing college. “How can we pay for higher education expenses?”
  2. Revising your spending plan. “How will my expenses change when children go out on their own?”
  3. Planning for long-term care. “How should I prepare for the cost of a nursing home?”
  4. Preparing for retirement. “What steps should I take as retirement gets closer?”
  5. Estate planning. “How should my will and other estate documents be updated?”

Emptying the Nest Tasks

1. Financing college
2. Revising your spending plan
3. Planning for long-term care
4. Preparing for retirement
5. Estate planning


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106