Many adults with living parents will one day face a complicated situation. They may find themselves saying, “My parents want to move in with me for financial reasons,” and trying to figure out whether it’s a smart move. After all, bringing your parents under your roof could be tricky.
Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.