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Get a head start on planning for aged care

I'm retired | | 2 min read

Older woman with daughter

 

When it comes to aged care, you can't go wrong with planning ahead.

Most of us know it's important to save up for our retirement. We have a vision of how we want to retire, the lifestyle we want to live. We might be planning overseas trips, spending time with the grand kids, maybe enjoying gardening at home.

However, very few consider what will happen in the later stages of retirement. This is what aged care planning is about.

Reality is that at some point we will all need some help – at home or at an aged care facility. What type of help is available? Do I have to leave my home? What can I afford? These are the most common questions our planners receive when speaking to our older members.

The financial uncertainty can only add to the frustration. This is where we can step in.

We can put together a financial plan that will secure their future care.

We can help you or your loved ones:

  • with help at home, short-term help, and aged care homes
  • identify the costs that will apply
  • make sure the costs are structured so that aged care is affordable both in the short and long term.
  • in the decision on which assets – such as the family home - should be kept or sold
  • make sure you get the most out of the government benefits available, such as the Age Pension
  • consider and understand estate planning complexities.

Contact our Financial planning arm, MyLife MyAdvice on 1300 963 720 or read more at mylifemyadvice.com.au/aged-care-planning
 

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