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Empty Nest Planning

For many, it’s a tightrope walk between your roles as a parent to maturing children and as a child of aging parents.

Family overlooking a sunset next to two four wheelers

Table of Contents

For many, it’s a tightrope walk between your roles as a parent to maturing children and as a child of aging parents. Through it all, you’re trying to consider your own future, while balancing complex emotions with numerous financial considerations.

You might be thinking, “what do I do now?”

These emotions and thoughts are common. Our expertise is working with future and current empty nesters, so we have created a guide and the three steps below to help. Our founder and CEO, Matt Meline, and his wife Lisa are empty nesters with four kids of their own. We understand the financial and emotional challenges you are facing.

You can begin to answer the question, "what do I do now?” by following the three steps below. If you would like to learn more, you can download our free guide - Top 5 Ways to Prepare for an Empty Nest.

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PrairieFire's Top 5 Ways to Prepare for Your Kids to Leave the Nest
A nest, graduation hat and money sitting in a pile
Step 1

Preparing for an Empty Nest

Prepare Your Children for Financial Independence

Just because your children are about to or have already left the nest, that does not mean your job is done. Being independent at a young age is stressful, but it does not have to be.

One of the most valuable tools you can give your children is financial education. No matter how much you are helping out financially, your children should know how to manage their money.

Opening up a savings account is a good start, but assisting with budgeting can also be an excellent way to prepare them for the real world.

Create a Detailed College Plan

Our college planning page outlines what we believe to be the best practices when planning for college.

For empty nesters, creating a college plan for your children will greatly impact your retirement. We are all for parents helping their children pay for college, but this money needs to be carefully allocated and children should have an idea of what they are expected to pay, followed by how they are going to pay for it in the future given the major they are interested in.

We call this coming up with a post-graduation budget plan.

College is an investment and with any investment you want to know what kind of returns you are getting so coming up with a plan will ensure a secure investment.

Empty Nest Syndrome

Empty nest syndrome is not a clinical diagnosis but a phenomenon in which parents experience feelings of sadness and loss when the last child leaves home. Some other feelings may include worry for your children’s safety, and whether they can take care of themselves.

The thing to keep in mind is that these are all valid emotions. Parents love their children and vice versa. Raising a family is one of the most profound experiences when you look at the big picture. Parents do the best they can and their children soak up as much as possible so both parties can become truly independent.

Which brings us to the good news: for the first time in 18 or so years, you have a house to yourselves and some extra openings in your schedule. This means that even though your children won’t be a part of your daily lives anymore, you and your spouse now have the opportunity to devote time to your marriage, personal interests that haven taken a backseat, or seek support from a community that’s in the same boat.

We have created an empty nesters Facebook group that gives parents the opportunity to share their experience and what they are doing to stay positive. Each empty nest situation is different in its own ways, but those that have gone through these empty nest phases are now living meaningful and financially secure lives.

Woman sitting in a giant nest overlooking a river and mountains
Step 2

Freedom Planning™ for Empty Nesters

The Discovery Process

We believe that self discovery is a priority.

Understanding and learning from your past is the first step to an exciting future. Often your most deeply held aspirations and values - the ones that should be driving your future plans - are clouded by the complexity of everyday life.

Now that part of that complexity is out living their own lives, you can begin to evaluate what beliefs and preconceptions have built up in yours over time. Coming to terms and understanding what has driven your decision making process over the years can open up financial possibilities that you have never thought of before.

PrairieFire is built around this very idea - by clearing away the remnants of the past, a prairie fire sparks new growth.

Define Meaningful Money Goals

By discovering your true self, you can now begin to plan out your exciting new future.

Family is the reason you are here and family is why you will continue to take life head on. Some empty nesters will choose to devote extra time to work or change jobs completely.

Our founder and CEO, Matt Meline, at age 52 quit his corporate job and started PrairieFire Wealth Planning. He fulfilled a lifelong dream and has not looked back!

Owning your own business or changing jobs can be financially complex so knowing the ins and outs is something we help with.

Knowing what kind of lifestyle you want to live in the future will help determine how you get there. Again, we can help!

Older couple holding hands while walking through the park
Step 3

Thriving as Empty Nesters

Custom Portfolio Management

Our creative investing strategies allow our empty nest clients to live their new lives with security. We evaluate your goals and create a custom portfolio so that you can live the empty nest lifestyle of your dreams.

We advise on taxes, investments, debt, insurance and income generation strategies.

Unlike the larger, national firms, we provide a more personalized, one on one relationship with our clients.  We will be there every step of the way because we have been in your shoes.

Make Your Move

Becoming an empty nester is a thrilling experience.

This time of transition will likely make you ask yourself new questions and seek new answers.

Congratulations, that’s the most exciting part of your new adventure.

PrairieFire exists to help people working on and in an empty nest to find more meaning and get that proverbial house in order to live a life of abundance.

If this is you, we would love to set up a time to talk. Click the button below to choose a time that works best for you.

Schedule a Call

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Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., a SEC Registered Investment Advisor. PrairieFire Wealth Planning is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.