A retirement village with an aged care home on the same property can seem like a great long-term plan,but the financial barriers can be significant.
Retirees are artificially inflating the value of their assets,in numerous instances borrowing money to get the accommodation of their choice.
The lack of choice provided to retirement village residents is unfair but the inefficiencies,added costs and delays that are caused are ludicrous.
Greater transparency and certainty is definitely a win for land lease community residents,but it may come with a trade-off.
While the report ruled out a general levy to pay for aged care,it offered many other suggestions which could shake up the sector.
When it comes to aged care decisions,mistakes can come at a high price emotionally and financially. Here are the pitfalls to avoid.
On July 1,there will be a fundamental change to aged care which is expected to bring a raft of benefits and better empower residents.
The government’s new star rating system for aged care could be leading people to choose poor-quality homes.
In a world where we are inundated with messages that bigger,more expensive gifts show people how much we love them,we decided to go the other way.
Thinking about leaving your “forever home” can be emotional,but if you take the right steps the process can also be exciting.
From a pension and aged-care perspective,there are a few tips and traps to be aware of if you are thinking about a granny flat.