School is out, and perhaps your college graduate is trading in the dorms for their old room - back at mom and dad’s house. The rising trend of adult children moving back in with their parents—often called “boomerang children”—is reshaping family life and financial dynamics. Driven by high housing costs, inflation, and mounting student debt, this arrangement can provide a much-needed safety net for the child, but it can also create challenges for the household. The following tips can help you support your children while maintaining healthy boundaries.
Graduation Gifts for Long-Term Return on Life (ROL)
As your college graduate prepares to move into a new phase of their adult life, one thing they probably don't need is more stuff to move. Parents can still commemorate their child's achievements with less-traditional gifts that won't take up space in the moving van.
Including, of course, cash.
But before you stick a check in a greeting card, consider some alternative ways to celebrate your grad and also set them up for success.
What is Enough to Live Your Best ROL?
According to one popular rule of thumb, retirees should be able to withdraw 4% from their retirement accounts every year to live comfortably and not run out of money.
Another number you might have seen floating around social media is $75,000, which, according to some experts, is where annual income and peak happiness intersect.
Many other retirees have their own number in their head that they want to "hit" before they stop working. But do any of these figures really equal "enough" in retirement?
More than any dollar amount, having "enough" to retire is about feeling confident that every piece of your financial plan is aligned to sustain your Return on Life (ROL) for decades to come. Start making your own calculations by thinking about these four key categories.
Focus On What You Can Control
In his classic business book "The 7 Habits of Highly Effective People," Stephen Covey encourage folks to draw strong distinctions between "Circles of Concern," "Circles of Influence,” and "Circles of Control."
You might be feeling like 2025 is already filling up your "Circle of Concern." From changes in Washington to wildfires, from global conflicts to bumpy markets, we've all experienced some significant ups and downs that could affect our lives, work, and finances for the rest of the year.
But while none of us can prevent a natural disaster or stabilize tech stocks, we can use Covey's system to reframe our perspective, refocus our energy, and improve our Return on Life.
Spring Cleaning for Retirement
Much like the arrival of spring, retirement can be a time of fresh starts and new beginnings. Navigating this major $Lifeline transition can also give retirees an opportunity to "spring clean" more than just our overstuffed closets and garages. Retirees can clean out the things in life that no longer bring them joy and make room for more growth, more fulfillment, more memories, and more Return on Life.
Start by looking back on your career and identifying what you liked most about your job. Then, think about how you can clear away the things that made work feel like work, such as:
Focus on Consistency for a Better ROL
The most impactful investments tend to be those that we make consistently over time. When we stick to a plan and keep checking off the items on our to-do lists, our efforts compound and build towards the results that we want.
Think about how being consistent in these three areas could help you achieve your long-term goals and improve your Return on Life (ROL).
Balancing Ambition and Wellbeing
Without ambition, our goals would likely stay small and unrealized. We need that extra drive to push ourselves to new heights and boost our Return on Life in multiple areas.
But too much ambition can harm our physical and emotional health, which, ironically, can make it that much harder to accomplish the things we're sacrificing so much to pursue. If you focus all your energy, every moment of every day, on one single activity, you're much more likely to burn out.
Ask yourself these three questions to find a healthier balance between ambition and wellbeing that will help you experience a more well-rounded version of success.
Don't Let Comfort Cost You: Status Quo Bias
Many of us are naturally inclined to resist change, especially when it comes to our finances. This tendency is known as status quo bias, where we prefer things to stay the same, even if changing our approach might lead to better outcomes. Whether it’s holding onto underperforming investments, sticking with outdated financial strategies, or avoiding necessary adjustments to retirement plans, this bias can negatively impact your financial well-being. Here are 3 reason we resist change…
Take a Retirement Test Drive
When we think about retirement, we often focus on financial readiness. But an equally important aspect is how you’ll spend your time. Without the structure of a job, it’s essential to have a plan for how you’ll spend your time. One way to prepare is to test-drive your retirement lifestyle before making the big leap. Here’s how to maximize your Return on Life (ROL) and start discovering your ideal retirement routine...
What’s Your Financial “Why” for the New Year?
With wealth comes an expansive list of financial opportunities: paying down debt, upgrading homes, maximizing retirement savings, or supporting future generations. The real question isn’t what’s possible, but what’s most important.
This is where clarity and intentionality come into play. Financial planning, done properly, helps you make choices in alignment with your values.
Establishing the “why” behind your wealth can provide a helpful foundation. What does financial success mean to you? Is it about flexibility and independence? Generational legacy? Giving back to your community? Your “why” serves as your guidepost, helping you prioritize and sequence your financial goals.