Aged Care Case Study with Richard Newton

Our Financial Adviser, Richard Newton, who is an Aged Care planning specialist, shares a case study for Seniors’ Week.

“I had a family come in to the office, confused about the the aged care sector.

Their father was ill, and needed that level of care. They found it very complex, and needed guidance. Once we got an understanding of what they wanted, and their financial situation, we were able to develop a strategy to get him into the facility. Our plan increased his age pension, decreased his means tested fee, and invested his assets so that he could pay his costs. The family came out in front, and achieved peace of mind.”

Seeking out aged care services is rarely a process someone goes through alone, and it’s not always the person needing aged care taking the lead with arrangements. Other family members are typically involved, who will also be coming to terms with the choices and changes being made.

Whether you are considering aged care for yourself or a loved one, the decisions you face can seem overwhelming, because the aged care system is extremely complex and the costs involved are high. Effective planning is essential because a well-informed strategy that takes a holistic view of your financial situation can potentially save you thousands of dollars.


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