Three massive mistakes to avoid when transitioning to aged care
Mistakes in aged care can be expensive — both financially and emotionally. We’re talking tens of thousands of dollars in extra fees, reduced pensions, and family tension that makes Christmas lunch even more uncomfortable than usual. The good news? With the right planning, you can avoid the most common (and costly) aged care missteps. Here […]
Why an Aged Care Gurus financial expert is your best choice for retirement living and aged care
Making financial decisions for retirement living or aged care is complicated, but choosing an Aged Care Gurus financial adviser can simplify the process. Here’s why: 1. Specialised expertise Aged Care Gurus advisers specialise in both retirement living and aged care, ensuring you receive expert guidance on accommodation fees, government subsidies, and financial planning. […]
Aged Care reform: More than just fees and funding
When the Albanese government took office, they pledged to “fix the aged care crisis.” Two years later, this crisis is not only unresolved but worsening. The Home Care Package queue has swelled from 49,717 in June 2022 to 59,751 by March 30 this year. Waiting times have increased, particularly for higher-level packages. While those needing […]
Rise of the ‘gran bank’: The hidden cost of helping grandkids buy a home
There’s been much discussion about the “bank of mum and dad” aiding first-time homebuyers. However, another often overlooked yet crucial group is also stepping up: grandparents. This so-called “gran bank” tends to support by acting as guarantors for loans rather than providing cash directly, thereby enhancing the borrowing capabilities of their grandchildren. Despite not parting […]
The biggest factor affecting happiness in later life: Aging parents
What’s the biggest factor impacting happiness in later life? According to Brian Herd, author of The Ageing Parent Trap, it’s not our health, the state of our marriage, or even the question do I have enough money to live on in retirement .. the biggest factor is your parents. Having worked in elder law […]
