Below you'll find a list of all posts that have been categorized as “Finance”
We talk to a lot of families who are going through this for the first time. Mum’s had a fall, or Dad’s memory isn’t what it was and suddenly everyone’s trying to work out what happens next… not just where they will live, but how you actually pay for it. If that’s where you’re at, you’re not alone and you …
When someone in the family needs aged care, families are often feel under pressure to make fast decisions – and financial advice can feel like just another box to tick. But not all “aged care advice” is equal. Before you agree to meet with an aged care financial adviser, there are three questions you should ask first. The answers could …
Recently, I met a lovely couple in their 60s. Between them, they have six children, and they’re both on the Age Pension. They came to see me about a situation that started quite unexpectedly – and has now turned into a financial dilemma that many families can relate to. About a year and a half ago, an aunt came to …
One of the biggest concerns families face when considering aged care is affordability. The good news is that no matter your financial situation, the Australian government provides funding to ensure aged care is accessible to those who need it. However, understanding the costs, funding options, and financial strategies available can be complex. If you’re worried about how to pay for …
Moving a loved one into aged care is one of the most challenging decisions a family can face. It’s an emotional time, filled with uncertainty, guilt and usually difficult choices. On top of that, the financial side of aged care can be complex and overwhelming, leaving families feeling lost and pressured to make quick decisions. The good news is that …
As we leave the festive season, it is a good time to reflect on sharing our wealth with loved ones. While gifting money or assets is a generous tradition, it’s important to understand the potential financial implications—especially if you or your loved ones receive a means-tested pension, like the Age Pension, or may need aged care in the future. Before …
When the time comes for a parent or loved one to transition into aged care in Melbourne—or if you’re planning for your own future—it can feel overwhelming. Balancing the emotional, logistical, and financial aspects of aged care is no small task. Many people wonder why they should pay for professional aged care financial advice when plenty of free information is …
As we consider financial and care planning in later life, understanding the implications of gifting is important, especially when aged care is looming or you are on a pension. Gifting can seem like a straightforward way to support family, friends or even your favorite charities, but it can have unanticipated impacts on entitlements and payments. We have put together a …
The simple answer is that the assets and income of a couple are assessed on a 50/50 basis, and the home is exempt while one member is living there. However, if both members of a couple are entering care, the timing of the move can create very different outcomes. If you are a couple entering residential aged care, it’s important …
A regular enquiry we get from overwhelmed family members is: how to we reduce aged care costs? In most cases, the way to reduce aged care costs is to ensure the person entering aged care has minimised their assets. This will ensure they are receiving the maximum benefits towards the cost of their care and also ensure they are receiving …
