After a difficult year when many grandparents didn't see their grandchildren, some are considering moving closer to family.
But should the emotional pull of being near loved ones always win out over the practical considerations of such a big decision? trib.al/OTvww3I
First, consider the research on retiree satisfaction. The top drivers of satisfaction include:
♥️Partners
🫂Friends
🩺Good health
Interestingly, spending time with grandchildren is not among the leading factors contributing to retiree happiness trib.al/OTvww3I
If you’re a grandparent who is...
✅Single
✅Younger
✅Educated
✅Wealthy
You are the most likely to move to be near grandchildren and report high degrees of satisfaction trib.al/OTvww3I
Also, think about the quality of the relationship you have with your child and partner, if they have one.
Have a serious heart to heart conversation about how you envision being nearer to each other playing out trib.al/OTvww3I
Establish what kind of boundaries would be in place:
➡️Would they want you to assist with childcare?
➡️If so, would it be a regular or sporadic thing?
➡️What is your comfort level with these potential arrangements? trib.al/OTvww3I
Weigh the financial considerations, too. Moving is a major financial expense.
Selling a house requires a lump sum payment to a real estate agent and moving costs trib.al/OTvww3I
Don’t move without serious budget projections.
The housing market is tilted to sellers right now, so while you may reap big gains, you may be hard pressed to find something affordable in the new locale trib.al/OTvww3I
And think about whether where they live is where you ultimately want to be, apart from your grandchildren.
Does the area promote your health, your friendships and let you pursue your interests? trib.al/OTvww3I
Don't forget, your adult children could potentially move too for a job or life change. Imagine if that were to happen a year after you relocated.
$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.
Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.
So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8