Profitable Ideas: When the (Costly) Kids Come Back, Confessions of a Financial Planner, and More

May 9, 2025

Weekly list of curated personal finance articles from around the web.

Parents’ retirement threatened as high costs drive adult children home (Thrivent). Parents, set some ground rules—and set them before your kids move back home!

The pros and cons of four alternatives to ‘529’ plans for college (Wall Street Journal). If I were starting over with our kids’ college savings, I would put the bulk in 529 plans but supplement with a Coverdell account.

New survey finds most high school students are saving for college (Saving For College). A good sign — it’s good for kids to have some skin in the game when it comes to paying for college.

Confessions of a financial planner: I handle most of the finances (Kindness Financial Planning). This is pretty normal, but it can be dangerous if it goes too far.

American colleges know how much you’re willing to pay. Here’s how. (NY Times, via MSN). One more way the paying-for-college game is stacked against parents.

Private equity is coming to a 401(k) plan near you (A Wealth of Common Sense). If you don’t understand it, please don’t invest in it.

13 old-fashioned frugal living habits from the greatest generation (This Evergreen Home). I especially like the idea of sharing tools and other items with neighbors. I once shared the cost of a power washer with a neighbor. It was good for our wallets and helped us become friends.

Borrowing from your future can cost you everything (Of Dollars and Data). Assumptions, especially about future earnings, can be dangerous.

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