5 Steps to an Early Retirement

For some people, early retirement is a choice. For others, it’s a necessity. Regardless of which group you fall into, there are some steps you can take to help make early retirement a reality and live the life you dream about. 1. Know your goals Before you know exactly how much money you need to save, you need to know your goals for retirement. Do you want to live in…  Read more

Confused about aged care?

The good news is we are living longer. This may give you more time in retirement to tick off your bucket list. But at some point, you might expect to slow down and take things easier. At that point, you may need help around the home or with some of your daily needs. Or you may need to make the move to residential aged care. Whatever your needs and choices,…  Read more

Retirement Villages & Granny Flats

As a person ages they may choose to look at alternative accommodation arrangements to living in his/her own home. One option may be to consider a retirement village and another may be a granny flat arrangement. When a loved one is deciding where they want to live and what sort of care they need, make sure they know the difference between a retirement village and what is called “residential aged…  Read more

The Super Question – How much is enough?

Covid-19 has meant lots of Australians have needed to dip into their superannuation after unexpected loss of income. There’s been debate about how this may impact those Australians later on in life when they need their super – whether or not this superannuation initiative was a good idea isn’t the question, the question is how much super should Australians have for retirement? How much is enough? And will Australians who…  Read more

Avoid the car park crisis

Most aged care decisions are made in time critical, stressful situations. Families who can plan ahead and have honest conversations about the needs of their loved one, will have the best opportunity to find appropriate care. Planning for and talking about aged care ensures well-informed decisions are made for those in their frailty years, reducing stress and uncertainty. As ACS Accredited Aged Care Professionals, we can help clients understand the…  Read more

Solving the RAD jigsaw

A challenge for us all is to find somewhere affordable to live. When our health declines and we move into the frailty period of retirement, this challenge continues but our focus and choices shift from independent living to supported living in residential aged care. Like any accommodation decision, you will usually need to pay for a room in residential care. The most expensive room is around $2 million with the…  Read more

RADS simplified in 4 points

One of the first things you come across when moving into residential care is the need to pay for your room. With quoted prices of up to $2 million, the numbers may send families into panic. However, they can be less frightening if you understand how these fees work and what choices you have. So, what are the four (4) key points that you need to know? The money will…  Read more

Managing home care fees

As we get older we may need help with our daily living activities. The frailty of older age or some illnesses may make it harder to live independently without help from a spouse, family or aged care service provider. Asking for help does not mean you will have to move out of your home. The government now subsidises more home care packages which might allow you to reduce the burden…  Read more

Aged Care – What you ought to know

Most people want to remain independent throughout retirement and to stay in control of where and how they live. But your ability to do so may depend on your health and physical well-being. As we age, some things become harder to do on our own.  If your ability to live independently starts to decline and you need help with daily living activities such as cooking, cleaning and personal care, you…  Read more

Retirement: The Big Questions

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Planning your aged care needs

The wave of older Australians will continue to grow over the coming decades. As such, we can no longer afford to ignore the issues around aged care with over 1 million retirees already accessing aged care services in Australia. Planning ahead can help to demystify aged care and reduce stress levels. With awareness and pre-planning, you can maintain control and choice, have access to the financial resources to pay for…  Read more

Downsizer Contributions into Superannuation

If you are 65 years old or older and meet the eligibility requirements, you may be able to choose to make a downsizer contribution into your superannuation of up to $300,000 from the proceeds of selling your home. Your downsizer contribution is not a non-concessional contribution and will not count towards your contributions caps. The downsizer contribution can still be made even if you have a total super balance greater than $1.6 million.…  Read more

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