Empty Nest / Financial Checklist

Financial Checklist

When your children leave home, making you an 'empty nester', it will cause changes in your life. It will probably be a sad occasion in many ways but it will also provide 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 the impact of this life change on your circumstances and objectives. Some questions that you should consider asking your Advisor are:

  • What will be the impact on the family budget with the children gone?
  • What sort of financial support might the children still need?
  • Should I consider selling or renovating the home?
  • Will there be more time for other activities and what would be the cost?
  • Should I update my estate/retirement plans?
  • What sort of adjustments to my current retirement portfolios should be made?
  • Are there any tax implications by becoming an empty nester?

Important Information

Information contained herein is provided for information purposes only and should not be relied upon exclusively as estate, tax planning or investment advice, nor should it be construed as being specific to an individual’s investment objectives, financial situation or particular needs. You should always obtain professional advice before acting on the basis of material contained herein. While Dynamic Funds® will endeavour to update this information from time to time as needed, information can change without notice and Dynamic Funds® does not guarantee the accuracy or completeness of this information, including information provided by third parties, at any particular time, nor does it accept any responsibility for any loss or damage that results from any information contained herein.

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