Super Nanny – The Critical Role Grandparents Play & the Benefits It Provides

Retirease Radio with Victor Medina CFP®, RICP®, CELA®

In the bustling world of parenting, where the to-do list seems never-ending, there’s a new beacon of hope — grandparents. Being a grandparent can have a significant impact on the success and health of one's retirement, and today we’re going to talk about the physical, emotional, and financial benefits.

Being an active and engaged grandparent can have numerous benefits, which we’ll dive into by discussing a study from Finland. It provides an opportunity to remain involved with younger generations, stay mentally sharp, and maintain an active lifestyle. Grandparents also have the chance to pass on wisdom and create lasting memories with their grandchildren. Additionally, there are financial benefits, such as the ability to provide support and assistance to family members while still alive, and the potential for reduced expenses by engaging in activities with grandchildren that don't require significant spending.

Join us as we talk about the important role that grandparents play and explain how it fits into our Retirease approach to retirement.

Here’s some of what we discuss in this episode:

00:00 - Introduction and the Impact of Being a Grandparent on Retirement Success

01:44 - The Benefits of Active and Engaged Grandparenting

04:44 - Passing on Wisdom and Creating Lasting Memories

15:51 - Financial Benefits of Being a Grandparent

See the study here: https://www.tandfonline.com/doi/full/10.1080/00324728.2023.2287493

About Retirease Radio:

Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.

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