Manchester grad enjoys a “Super” Experience Taking Adams County patriotism to the state capitol John P Sininger Jo Ann Hayslip Harvey U Schrock Eunice G. Burgess Senior Profile: Kaulen St Michael Cox Racing returns to Brushcreek on April 2 Southern Hills Athletic Conference holds Winter Sports Awards ceremony Adams County provides multiple walking venues Adams County parks are tobacco-free Rhoads Memorial 5K Run/Walk is April 9 Peebles Elem. Staff of the Month Floyd E Maddy Raymond A Holt Derrick Poe Spencer E McFarland Mintie F Rogers Roberta Eylar Big Time Wrestling coming to NAHS Carl Tomlin CTC students help with storm clean-up Opening the door for high-tech jobs Jack R Slyger Thomas Stratton Jr Eastern Lady Warriors headed to Final Four Senior Profile: Logan Rogers Southern Hills Athletic Conference names 2016-17 All-Conference Basketball Teams Winchester PD continues assault on drugs Alonso joins Defender staff Sheriff to set up outpost in Manchester Johnson named OEDA Membership Chairperson Sherman E Young Ruth Jackman ‘Kitten Season’ comes to Ohio Manchester Council votes to disband PD Olde Wayside Inn under new management Two overdose on heroin Senior Profile: Ethan Parrett Adams/Brown Youth League holds postseason tourney Three nights of pain Furious rally falls short, Lady Devils again eliminated in Div. III district finals, 45-42 Oscar Moore Barbara J Finnegan Ohio Senate and House honor Miss Ohio USA Michael Eldridge Frances Towner Thelma R Williamson BREAKING NEWS: Manchester council votes to eliminate police department Before all dogs go to heaven Adaptive Bikes delivered in Adams County Adams County Junior Fair Market Hog Identification plans announced for 2017 Local couple takes ownership of two local businesses Jo Hanson to retire after nearly 50 years in banking Sierra Club, hero or villain? Greyhounds, Devils are runners-up in SHAC Tournaments Harold L Purdin Senior Profile: Jacob Wickerham 98-year old author publishes first book Early March storm packs destructive punch Jeeps rally in second half to end the Peebles season How about some post season awards? Thanks for all the great sports coverage PHS Principal hopes to expand students’ world view When spring becomes a promise Greg Lorenz Clay shoots the lights out, shoots down Greyhounds’ season Senior Profile: Savannah McFarland Devils put up a good fight, but fall to Portsmouth in sectional final, 50-43 Second half comeback sends Lady Devils to district finals for third straight year Butts honored by Southeast District Athletic Board North Adams Elementary holds Random Acts of Kindness Week Chester W Eyre BREAKING NEWS: March makes its entrance with force WUES kicks off Right to Read Week with guest readers WUHS students see Aronoff show on the life of Edgar Allan Poe Local high school seniors winners of Wendy’s Heisman Awards The emotions of a senior year Market Hog Clinic scheduled for March 4 Venture Hawks fall to Scioto County Senior Profile : Colton Thornburg Lady Dragons’ season ends with sectional loss to Lynchburg Devils advance in tourney with convincing win over West Union, will face Portsmouth for sectional title Wenstrup selected as Vice Chairman of House Armed Services Military Personnel Subcommittee Adams County 4-H Shooting Sports to hold fund raiser Linda M Howland Nellie B Hayslip Russell E Bailey Gladys M Perdue Commissioners meet in Columbus with DP&L CEO Tom Raga Missing the Dirtrollers The farms that aren’t forgotten Flora Hilderbran Commissioners to meet with DP&L officials New state graduation requirements called a ‘train wreck’ Catching up with Keller Senior Profile: Justin Knechtly Piketon size is too much for Lady Indians, Peebles falls in sectional finals Greyhounds grab Senior Night win Indians finish regular season riding six-game winning streak

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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