Perhaps the financial challenge that looms largest for seniors is aged care. With the implementation of the Living Longer, Living Better reform on July 1, 2014, aged care facilities must enforce tighter means testing on aged care and accommodation costs. The importance getting good information and considering all the options weighs more heavily than ever before. You and your family simply cannot afford to make uninformed decisions.
Effective financial planning for aged care includes practical and helpful advice on how you can pay aged care entry fees and accommodation fees such as:
An experienced aged care financial planner may assist you with advice and strategies that:
Seniors First work with a a small network of financial advisers around who specialise in aged care financial advice in NSW, QLD, VIC, WA and SA.
Request a referral to an aged care financial adviser – call 1300 745 745.
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If you are retired, or approaching retirement, you may think that along with the end of full-time work all the big financial decisions are behind you.
However nothing could be further from the truth. Some of the biggest financial challenges a person is ever likely to face now occur in the final 30 to 40 years of life:
In many of these circumstances, there is a strong need for good financial advice. To assist our customers, Seniors First can refer you to financial advisers upon request.
Request a referral to a financial adviser in your area