Big changes are on the way for aged care, with new rules starting from 1 July 2025. While these changes aim to create a more sustainable and fairer system, they do bring added complexity — especially when it comes to understanding the fees and making the right financial decisions. Here are the five key things…
We’re all trying to live our best lives, right? Sometimes, we get stuck in one area – whether it’s spending all your spare time hitting the gym or counting every calorie to lose weight. We know the secret to true wellbeing is balance – but what does that actually mean? That’s where the four ‘sets’…
Moving into residential aged care is a big step, and one of the most important financial decisions you’ll need to make is how to pay for your room. The legislative rules provide clear guidelines on your payment options and the timeframe in which you must decide. With so much happening when you make the move,…
As we advance into the 21st century, the concept of aging is undergoing a transformation, largely thanks to a new generation of “oldies” who don’t feel old – and are reframing what it means to be getting on in years. Traditionally, aging has been associated with decline, frailty, and a sense of irrelevance. However, today’s…
Deciding when to retire is a big decision and even more difficult if you are concerned about your retirement income. The average age of Australia’s 4.2 million retirees is 56.9 years but many people leave it a little later to finish work with most intending to retire at just over 65 years.i If you’re not…
When the time comes for you or a parent to move into residential care, choosing the right service is an important but complex decision. Sometimes your choice may be limited because of the urgency or the availability of suitable places, and the pressure can be overwhelming. But making the right choice is key to a…
If money’s too tight to mention, here’s some small steps that can make a big difference in achieving your financial goals. How would you rate your level of financial wellness? Do you think you’re in a good position to meet your immediate and near-term financial obligations? What about your long-term goals? They’re tough questions, asked…
Ah, Christmas! – the time of year when your bank account shrinks, your social calendar explodes, and your family dynamics resemble a poorly scripted soap opera. As we navigate this festive minefield of shopping, social gatherings, and feasting, it’s common to feel a little frazzled. In fact, research has found that the holiday season is…
The retirement living sector is growing rapidly in Australia as the population ages and demand increases for a spot in a retirement village. For many people, the idea of having someone on site to help with property and garden maintenance is enough for them to make what can be a major change later in life….
Change is often met with resistance, especially when it feels out of our control. For many people, the idea of growing older and transitioning into residential aged care is daunting and may evoke fears of loss and uncertainty. It’s not just older people who feel the weight of this change — their children and families…
