RETAC009 What is your aged care funding strategy? (550 words)

This article is a summary of the types of costs associated with aged care, highlighting the need to be aware of the little incidentals charged as extras that can have an impact. It also discusses the point that, in our aging population, those seeking aged care for older loved ones, may soon be in the same boat and how a financial adviser can help.

We’re an ageing population; the media keeps reminding us, as does the government, but are we prepared for what this means? As a society? As individuals? One thing’s for sure – it’s something we cannot ignore.

The focus on self-funded retirement, doesn’t always consider increasing life-expectancy and what happens beyond pension-funding projections.