I hate to be the one to say it, but we’re all getting older! I’ve been preparing financially (and emotionally) for my own elder years which includes aged care for quite some time, and I’ve been helping the older folks in my life as well. If you are an adult child, niece or nephew looking…
Planning and taking control of how you live during the later years of your life should be among your most important personal and financial priorities. Whether your preference is to remain living at home or moving into an aged care residential facility, it’s vital to plan ahead and take into account your values, what you…
Retirement and aged care financial planning is complex, but even more so for farming families… Typically, the net worth of the retiring generation is tied up in the property and farming business, there is limited superannuation savings that can support retirement and aged care needs, and often no entitlement to social security safety net benefits.…
While we are on the topic of retirement, it is worth considering these interesting and sometimes surprising facts about retirement. The pension age is set to rise. By 2035, you’ll need to be 70 before you can qualify for the Age Pension.[1] What does Australia’s ageing population mean for your retirement? In the next 20…
In the next 20 years potentially over 100,000 more people will retire each year. In the last financial year alone the number of people over 65 years of age had increased by over 100,000.[1] Further, the Intergenerational Report released by the Federal government in 2015, estimates that the number of Australians over 65 will double…