On this MoneyWise, we cover “empty nest syndrome” for parents … with a financial twist. Author Dr. Jim Burns joins Rob West today to discuss that. 
Jim Burns, author of <a href="https://www.christianbook.com/finding-discover-purpose-passion-phase-ebook/jim-burns/9780310362630/pd/117441EB">Find Joy In the Empty Nest: Discover Purpose and Passion In the Next Stage of Life</a>. 
<ul><li>Entering the “empty nest” phase of life can be a sad and challenging time for many parents. But Burns says when the kids leave the house it’s time to “also follow their lead by filling up your life” with some really good things. </li><li>FINANCES FOR EMPTY NEST PARENTS</li><li>This is a time for us as parents to help our children to make wise financial choices at the start of their adult lives. To the extent that they’re willing to listen, parents continue to mentor their kids after they leave the proverbial nest. </li><li>It’s also time to reevaluate your goals and how you’re handling money in this new season of life. </li><li>It’s also crucial for mom and dad to communicate and get on the same page about how much financial assistance you’re willing to offer to your adult children. This can become a point of friction between parents. Often one parent wants to offer more financial help to the kids, while the other parent is concerned that they may be “enabling” them and preventing them from learning to become independent of their parents. Burns says for this reason, it’s important to talk with a financial planner about this, but it may also make a lot of sense to talk with a Christian family/marriage counselor. </li><li>Learn more about Jim Burns at <a href="https://homeword.com/about/jim-burns/">HomeWord.com</a>. </li></ul>On this program, Rob also answers listener questions:
<ul><li>What is the future of cryptocurrencies as a government backed currency?</li><li>How should you manage roth accounts? </li><li>Do you need to make out a new will when you move to a new state? </li><li>Are there government regulations regarding how much a property owner can raise your rent?</li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000 or email them to <a href="mailto:questions@moneywise.org">Questions@MoneyWise.org</a>. Also, visit our website at <a href="http://moneywise.org/">MoneyWise.org</a> where you can connect with a MoneyWise Coach, join the MoneyWise Community, and even download the free MoneyWise app.

FaithFi

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

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“It’s not what you do for your children, but what you have taught them to do for themselves, that will make them successful human beings.” - Ann Landers. Parents facing empty nest syndrome. Rob talks about that with author Jim Burns.

Empty Nest Finances Pt. 1 With Jim Burns

FaithFi | Apr 26, 2022

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