My 23-year-old son pays my rent. You have saved $ 10,000 living with me. Is it wrong to ask her to leave when she turns 26?

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Dear Moneyist: I have a 23 year old son who lives at home and works full time. She pays $ 300 a month, which I keep in a savings account. Isn’t it reasonable to tell you that once you turn 26, you will have to move? It bothers me to have to tell him this.

I feel like it’s wrong, but a part of me knows that he needs to explore life and I don’t want to get in the way. He is a good young man, but he also needs to learn. I also talk to him about money management, savings and investing, but investing is learning myself, so I can’t really teach. You have saved $ 10,000 and are in a money market account. What can you do to help maximize the money you have saved? And how should I invest the money you’re giving me so that when you leave, you have something to turn to? He does not know that I am saving money. Thank you for your help and attention in this matter. Insecure Mom The Moneyist: My sister became my late father’s attorney-in-fact, took out a reverse mortgage on his house, and used up his equity. What I can do? Do you want to read more? Follow Quentin Fottrell on Twitter and read more of his columns here. Dear insecure: This is an opportunity for him and he can present it as such. Start by asking questions. “Where do you see yourself in three years? Are you happy in your job? How would you like to progress? “You may decide to use this time at home to continue your education, or to save for a down payment on a house to buy or a deposit to rent. And then you can tell your child where you would like to see him in three or five years. “You’ve worked hard and saved enough to have your own home soon. Have you thought about where you would like to live? Rents are falling, so we should take a look and see what’s out there.” There is no perfect way to enter this conversation. Any lack of elegance caused by our own clumsiness can be alleviated with good intentions, honesty, and openness. It is a balance and a trade-off. You don’t have to get there in conversation, but start the ball rolling now. The Moneyist: My wife and I have 3 children. I also have 3 children from a previous marriage. How to divide our house between these 6 children? I don’t even recommend Broadway shows to people, much less what they should do with their money. You can look for “higher quality” dividend growth stocks, consider alternative assets and asset classes, making sure to diversify your portfolio and reduce all your equity exposure. You can continue on the path you are on, play it safe and keep your cash (for now), but with interest rates this low, savings accounts aren’t making money, or digging for gold, real estate, and more. basic products. If you’re considering value stocks, check out these industries. These are options, NOT recommendations. As MarketWatch columnist Mark Hulbert wrote: “The odds of making money during this turn-of-the-year period are close to three in four, which means there is a one in four chance of losing. So don’t throw caution to the wind. “Love that. Proceed with caution. Don’t expect quick profits. Hi, MarketWatchers. Take a look at Moneyist’s private FB Facebook group, -2.24%, where we seek answers to the problems of thorniest money in life. Readers write to me with all kinds of dilemmas. Quentin Fottrell is a MarketWatch Moneyist columnist. You can email The Moneyist with any financial and ethical questions at qfottrell@marketwatch.com. By submitting your questions by email, you agree to be posted anonymously on MarketWatch.