Empty Nest Phase a Crucial Catch-Up Time Before Retirement
Raising children is expensive, so use the empty nest years to redirect your savings toward retirement and avoid lifestyle creep, says financial planning expert Michael Kitces.
Note: This article is part of Morningstar's 2019 Portfolio Tuneup week. A version of this article appeared on Jan. 22, 2018.
Michael Kitces is a partner and the director of wealth management for Pinnacle Advisory Group, co-founder of the XY Planning Network, and publisher of the continuing education blog for financial planners, Nerd's Eye View. You can follow him on Twitter at @MichaelKitces.