Paying for aged care services can be financially debilitating. The simple fact of the matter is you shouldn’t have to sell your family home to pay for aged care however it is certainly becoming more common for the elderly to sell their home in order to subsidise their aged care costs. Previously, retirees have been reluctant to sell their family home and would rather rent...
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I was recently invited by 2UE, Talking Lifestyle to discuss some tips and traps of aged care finance. A summary of the content discussed is available on the Aged Care 101 website here. People are struggling with the cost and complexity of aged care – especially entering a nursing home. The Australian aged care system has undergone extensive changes recently that will have a significant impact on the finances of...
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Men are less likely to take advantage of elderly and aged care services, a new study reports. According to a report released by the Australian Institute of Health and Welfare (AIHW), older men are less likely to use aged care services. In Sydney, for instance, it is estimated that only about 30% of those who availed home care services are men. “Older men typically value outdoor activities...
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