Maia Swartz Jessie Rodgers Errors spell the end of Devils’ baseball season Senior Profile: Carry Hayslip Lady Hounds’ season ends with tourney loss to Paint Valley North Adams hosts Youth Volleyball Camp Time to get “Stroke Savvy” OVCTC, GE host Community Service Day 65 years in the pulpit Jamison, Richmond, Minshew conquer second race of 2017 Brushcreek season Manchester’s Cox signs with Rio basketball program Senior Profile: Andrew Weeks A dozen SHAC champions Thomas D Lute Sandra F Schwab Turning something broken into something beautiful Nowhere to run, nowhere to hide One dead, two injured in ATV accident 2017 Graduation Ceremonies West Union Alumni and Friends Educational Fund announces 2017 Scholarship Awards TAG students tour Pennsylvania Commissioners proclaim Older Americans Month Building an anti-drug culture one t-shirt at a time SECTIONAL CHAMPIONS NAES students awarded Science Camp scholarships SSCC’s Associate Degree Nursing program celebrates graduation Bauman selected to National 4-H Congress Lois Pertuset Hazel Nixon Philip L Paeltz Manchester Youth Volleyball Camp begins May 30 Jase Thatcher Figgins’ walk-off winner sends North Adams to Division III sectional finals Lady Hounds top East 10-3 in sectional opener Commissioner Pell, union reps travel to DC Forgotten experience brings back good memories for WUHS seniors Gordon Boldman Local teen injured in jeep accident BCI Investigation underway Rick Arnold Happy Mother’s Day- Do you want food? Robert Hodge Melvin Tipton Lady Dragons Basketball Camp begins May 22 Lady Devils Basketball Camp is May 30-June 1 National Day of Prayer celebrated in county NAES students enjoy day at GABP Car strikes Amish buggy near Winchester Eldon J Shoenleben Farming out life lessons to children and parents Proposed Medicaid changes could cost Adams County millions Annual ‘Redneck Run” returns to Manchester May 13 They really were the best of times West Union hosts Junior High, High School County Track Meets Figgins signs with SSCC Soccer Perfect again! Senior Profile: Caley Grooms James T Hughes Anderson signs with Rio Grande Basketball Senior Profile: Miranda Schiltz Playing for Dad, Part II Lady Indians win SHAC Big School title Danny Bryant Sadie Stamm Franklin E Brayfield Softball, baseball tourney match ups announced Traveling Vietnam Memorial Wall coming to Georgetown next week Southern Ohio Genealogical Society offers program on ‘Family History Sources at the Ohio History Center’ Joseph A Johnson Jr Kramer tosses two shutouts in five days Trip to Akron = two more wins for Lady Indians softball Devils blank Dragons in non-conference battle Meade twins part of Rio baseball program Playing for Dad Senior Profile: Madison Welch As Mr. Seas It, for ACOVSD High School graduates We stayed up all night with Bob Clean up of Manchester’s abandoned gas stations continues Ribbon cutting held for canoe/kayak access sites Columbus Industries donates driveway repair to Animal Shelter North Adams Elementary recognizes March Students of the Month Animal Shelter Adoption Center announces new hours of operation Major road construction planned for summer months West Union Elementary honors March Students of the Month Charles D Jordan Betty Ginn Pamela M Hampton Former county sheriff celebrates 80th birthday Missing Adams County man is found Lady Hounds fall to Whiteoak in slugfest Calvert’s walk-off gives Hounds 9-8 win over Whiteoak Charles A Benjamin Give My Regards to Broadway Joyce Berry Joe L Easter William E Foster Margaret Belcher John M Cheatham Ronnie Simpson Under new management county hospital is thriving against all odds

Money management for the ‘Boomerang’ household

Due to recent economic realities, multi-generational living has been on the rise for many families.

A 2014 Pew Research Center analysis (http://www.pewsocialtrends.org/2014/07/17/in-post-recession-era-young-adults-drive-continuing-rise-in-multi-generational-living/) showed that a record 57 million Americans, equal to a little over 18 percent of the U.S. population, lived in multi-generational family households in 2012 – double the number in 1980. The major driver was young adults aged 25-34. According to Pew, nearly 24 percent of these older millennials lived in multi-generational households, increased from nearly 19 percent in 2007 and 11 percent in 1980.

It’s possible the “boomerang” family trend will remain in place for some time to come. For homeowner parents who may also be juggling the “sandwich” responsibilities of caring for older relatives, paying attention to the financial and behavioral details of taking in family is critical. Here are some suggestions to consider:

Your finances come first. Operating a full house means higher utility and food costs and additional wear and tear on the property. Taking in family also shouldn’t derail a parent’s career goals or retirement planning, nor should it diminish other necessary financial objectives like maximizing savings or eliminating debt. That’s why dual- or single-parent households might begin with a complete financial assessment before welcoming kids or elders back home. A discussion with qualified financial and tax advisors might be worthwhile to determine how much expense you can take on. For arrangements that go beyond free lodging to direct cash support of family members, gift tax issues should be explored.

Make a real agreement. A home is stability and therefore something of significant value. That is why it is appropriate to consider rent or request in-kind services in exchange for room and board. Young adults – particularly those who were fully under parental support in college – need to learn this important lesson even if they are moving home to save money to pay off loans, to buy a car or put a down payment on a home. Ask trusted advisors about what makes sense in your situation. If you decide to accept rent, know there are potential tax issues (http://www.irs.gov/taxtopics/tc415.html) based on the structure, timeframe and expenses related to such an agreement. Legal paperwork may be required, but there also may be rental expenses you can deduct.

Establish timelines. In the real world, financial arrangements are rarely open-ended. Depending on the financial, tax and legal advice you receive as well as local tenant law and personal preferences, you may be signing an official lease for your family member’s stay with a specific timeline of months or years. Whatever the requirements, make sure you have an effective framework that sets specific financial and behavioral rules you want met.

Start with a family meeting. Before moving trucks arrive, family members should meet for a discussion about the impending move. Start by letting your child or family member talk through why they want to move in, whether they have financial goals tied to the living arrangement and how long they plan to stay. Share the structure you envision, including the payment details you would consider. No matter how agreement is struck, it should begin with a full discussion of needs, preferences, financial terms, and most of all, ways to make the arrangement successful and smooth. Once the move happens, regular conversations should continue about the living arrangement. After all, boomerang families have unique, ongoing financial issues that will require discussion.

Prepare to track expenses. Once agreed, retrofit your household budget to keep track of higher food, utility and related expenses for cost-sharing and potential tax purposes. Having people you love living with you will hopefully have many rewards that go beyond simple dollars, but always know what the arrangement is costing you.

Bottom line: Opening your home to returning family members is a real financial commitment. Think through money, tax and household issues before you say yes.

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