Understanding the long term financial impact of downsizing
On the face of it downsizing sounds great in retirement Lock up and leave, free up some cash for living expenses, and enjoy the facilities and social warmth of a retirement community. What many people don’t plan for and think through is the affect on their financial wealth in 10 to 20 years time. […]
Issue for retirees who have private companies and trusts
Trusts and private companies are used for many families during their working and business lives. The issue arises when they retire.
Crucial to compare retirement villages and crunch numbers before signing a contract
Check this table out to see how the exit fees range for different retirement village operators. These are actual contract terms from 6 different retirement village operators.
Here is a great example of how to learn and use new technology
A challenge for Primetime (and many other market place disruptors) is how to engage people in embracing new systems and technologies which involves learning something unfamiliar and doing things differently. Even when there is a benefit, the fear of change can invoke paralysis. Here is an example of how the progressive retirement village operator Belswan […]
Aged care-avoid nasty financial surprises when entering aged care-the devil is in the detail
There can be nasty financial surprises when entering into aged care and the devil is in the detail The financial consequences of inadvertently providing incorrect information to Centrelink were significant to the calculation of residential aged care fees and accommodation costs for a centenarian resident (Bob) when the provider said Bob owed an additional […]
The Parental Shift
As Australia’s population is ageing, a shift is occurring – planning for your own parent’s later years is becoming an ever-increasing reality. By 2060, a quarter of Australia’s population will be over 65. Source: By 2060, Australia’s population likely to reach 42 million, says Productivity Commission paper. With this growth in the aged population, you […]