Financial Planning, Aged Care Sarah Haines Financial Planning, Aged Care Sarah Haines

Is a Retirement Village a better option than Aged Care?

Retirement villages and residential aged care facilities offer different lifestyles and services, and they aren't direct substitutes for each other.

In the following article, our Aged Care Specialist Leandro Bonin explores this important subject further, providing insights to help you start planning ahead and achieve your objectives.

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Financial Planning Sarah Haines Financial Planning Sarah Haines

What’s the DAP from RAD?

Lots of rules and lots of jargon makes understanding aged care even more complicated. This article demystifies one of the more common strategies of DAP from RAD.

Understanding aged care can be complicated enough, without needing to decipher all the jargon and acronyms. An example is the “DAP from RAD” strategy, which can be confusing if you don’t understand what all the letters mean.

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Sarah Haines Sarah Haines

Buy or rent your room in Aged Care

Think you can’t afford aged care? Advice on your options can help to understand what is affordable and how to best structure your finances.

When you move into residential aged care, the room price might be quoted as a lump sum, but you will have the choice to pay for your room as a lump sum or a daily fee or a combination.

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Sarah Haines Sarah Haines

Do you have an Aged Care plan in place?

We plan ahead for many aspects of our lives, but few people plan for future aged care needs. Now is the time to change that trend.

The truth is, most of us avoid thinking about our own future aged care needs, delaying our decisions until perhaps they’re taken out of our hands.

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Sarah Haines Sarah Haines

Do you need a means-test assessment?

When moving into aged care you may be asked to disclose your financial details so that a means-tested fee can be calculated. But do you need to disclose?

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Sarah Haines Sarah Haines

Higher interest rates may not be bad news if you’re entering Aged Care

It all depends whether you’re paying the published price or going in as a low-means resident.

Rising interest rates are good news if you want to invest in cash and fixed-interest investments, and not so great if you are borrowing money. But are rising interest rates good or bad if you are moving into aged care?

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Sarah Haines Sarah Haines

Guide to aged care at home

As we get older, most of us want to remain independent and in our own home for as long as possible, but this can be challenging without some help with household tasks and personal care.

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