It is amazing how much more money you have when all your kids are off hte payroll.
I loved every stage of my kid's lives....but don't want to go back. I just wish now they all lived closer.
As for how to handle it. Let them be them. Support them, but don't totally support them. Let them have skin in the game and always remember, you can't be in control of what your kids do. I have an employee right now that has been so distraught because her kid decided not to go to a 4 year school. I keep telling her, let him do what he wants to do. Going to a community college is not a bad idea. It's just different than YOUR idea. She still doesn't get it.