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

  1. What will be the impact on the family budget with the children gone?

  2. What sort of financial support might the children still need?

  3. Should I consider selling or renovating my home?

  4. Will there be more time for other activities and what would be the cost?

  5. Should I update my estate/retirement plans?

  6. What sort of adjustments to my current retirement portfolios should be made?

  7. Are there any tax implications by becoming an empty nester?