We Need to Talk About Residential Aged Care

The economics of leaving home late in life are difficult to manage, whether it's into a retirement village or residential aged care, there are lots of emotions and equations to sort through.

The government pays most of the costs associated with residential aged care, but there are rules and means tests that affect your estate, your pension and your daily payment fee. And if you're well enough to move into a retirement village instead, you had better look closely at the contract.

Counting the costs of aged care accommodation is the discussion on this week's episode of The Money Show with Richard Aedy on Radio National. Featuring guest presenters Rachel Lane - Principal of Aged Care Gurus, Bina Brown - Director of Third Age Matters, Assyat David - Director, Strategy Steps and Professor Susan Thorp - Professor of Finance at the University of Sydney Business School.

It is a 30 minute show and a really good listen. You can listen to or download the podcast by clicking this sentence.

There is no substitute for quality financial advice.

Steve Jenkosky trading as Golden Age Advisory is an Authorised Representative of Synchron AFS License No. 243313.
Unless specifically indicated, the information contained in this BLOG post is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek personal advice from a financial adviser.