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3 Rules For Empty Nest Splurges

04/30/2015 10:03 am ET | Updated Apr 30, 2015
Carmen Martinez Banus

Raising a child costs a fortune, so when parents write that last tuition check, or pay off their youngest’s wedding, they may feel an understandable urge to splurge on themselves.

Parents may want to celebrate becoming empty nesters by making a long-delayed purchase or taking a long-postponed vacation. And it’s ok for them to indulge within reason, financial advisers say, as long as they don’t jeopardize their retirement savings in the process. “One family’s splurge could be another family’s financial death knell,” said JJ Montanaro, a certified financial planner at USAA.

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