You may want to dip into your savings or whip out the credit card to give the house ... a retirement fund. BestLife noted that a common financial mistake empty nesters make is spending money too ...

Meet Bill and Karen, a couple in their early 60s who have recently become empty-nesters ... plans to achieve a balance between upgrading their home and maintaining their retirement timeline.

The report done by the Center for Retirement Research at Boston College examined how empty nester parents adjust their savings, consumption and earnings after children leave the house. The report ...