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.

Join and start receiving retirement tools: www.retirease.com

Watch the show on YouTube: https://bit.ly/48pTfhf

April isn't just about welcoming warmer weather; it's also Financial Literacy Month, a time to focus on our fiscal health and future. This episode will do just that, and it's an essential listen for anyone looking to secure their golden years with confidence and clarity.

A study used posted by the American College of Financial Services used a Retirement Confidence Scale based on the respondent’s self-reported confidence that they will feel financially secure, have enough money to live comfortably, and do a good job handling their investments throughout retirement. Those who scored better in financial literacy were more confident in their retirement. We’ll journey through the critical elements of retirement planning, from understanding different types of IRAs to the intricacies of gift taxes. It's an engaging dialogue that isn’t meant to just inform but also inspire action.

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

0:00 – Intro

0:56 – Importance of financial literacy

2:35 – Study findings

8:40 – Correlation with earnings

11:58 – Retirement falls on you

19:10 – Traditional vs Roth IRA

23:32 – Retirement annuity

26:28 – After-tax accounts

18:08 – Mutual Funds and ETFs

31:13 – Gift tax

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.

Join and start receiving retirement tools: www.retirease.com

Watch the show on YouTube: https://bit.ly/48pTfhf

Do you have goals for your retirement? Do you even know how you would set them? Many people look at retirement as the finish line, but goal setting is a key piece of unlocking your true potential once you’ve stopped working.

In this video, we’re going to walk you through how to create goals for your retirement so you can achieve all those things you dream about. We’ll start by explaining the power of goal setting and how it serves a much bigger purpose in retirement. Then we’ll help you identify the types of goals that might align with your interests and passions. And we’ll close it all out by providing you with an effective approach to setting and following through with the goals that you create.

Here’s what we discuss in this video:

0:00 – Intro

2:38 – Goal setting into retirement

5:28 – Serves a bigger purpose

9:30 – Time and health

10:57 – Challenge of setting goals

13:35 – Categories of goals

19:36 – SMART approach to goal-setting

28:39 – Overcoming obstacles

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.

Join and start receiving retirement tools: www.retirease.com

Watch the show on YouTube: https://bit.ly/48pTfhf