There are so many complexities involved in planning for aged care – be it your own or your parents’ – but the one with the most impact is the emotional strain. It can be heart-breaking to see once vibrant loved ones begin to decline as they age. The majority of us want to do everything we can to make this stage of their lives as pleasant as possible, but that may not always be an option. What most of us can do though is to plan ahead for the financial impact.
A Guide to Planning for Aged Care
Take your first step towards financial independence
Do you have a plan in place for your or a family members aged care?
People over the age of 65 make up 14% of Australia’s population, and that figure is rising everyday
Illness, disability or the passing of the years can make it difficult for you or your loved one to maintain an independent lifestyle. This is why it is vital there is a plan in place for aged care to minimise the financial risk on you and your family.
The ideal situation is to remain living at home as long as it is safe to do so. We urge clients to see a doctor before taking any more steps in their plan for aged care to get a good assessment on their current situation and what is needed to move forward.
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