Primetimes CEO Peter Tyndall was very pleased to present via video conference, “Retirement planning for a rich quality of life in your golden years” to the membership of ASCCA, the Australian National Peak Body – Empowering Seniors Through Technology.
Attached is the you tube link which goes for about 20 minutes https://www.youtube.com/watch?v=XhsHk5tZVE0&t=16080s
A copy of the hard copy presentation slides is also attached for those who struggle with the narrative.
A peak body for older Australians, COTA ,has confirmed through its survey what the media have been broadly stating for some time now, and that is, over 20% older Australians are now using new technology for the first time and around 30% have increased their social media to stay connected.
http://www.cotawa.org.au/2020/05/silver-lining-to-the-pandemic/
What this offers is a huge opportunity for those who are more comfortable using the internet because it opens the door to the mammoth value being offered through the low cost of goods and services of online suppliers. It also frees up peoples time through being able to conduct mundane tasks quickly from the home computer, tablet or smart phone.
In the case of services, many internet businesses offer very low or free introductory services and only demand fees for value added premium services. One of the most obvious examples of this is Spotify. We use the free service to access over 30 million songs and are happy to put up with the occasional advertisement and restricted skip function. Happy days.
The Primetime online planning system is another example, (although not yet as widely known as Spotify) of a safe and secure online service offered with a service available at no cost. This takes the form of the comprehensive Evaluation, reporting and some of the planning tools on offer. Paid upgrades are available with additional services but this is still very cost effective if self managed online.
The double edged sword of technology use is the increase of threat by scammers who prey on internet users who are too trusting in sharing information with others. These faceless, insidious people have to be given a wide berth.
Once people are comfortable with technology and managing the risk, those who embrace their newly learned technology skills will enjoy a new lease of life in the vast offerings out there in cyberspace.
With the feeling of health vulnerability being experienced amongst seniors, this has had a significant impact on their adult children as well as they strive to ensure their parents are looked after should a health “trigger” event occur.
This article, written in response to the issue, was published by the West Australian Your Money section 27 April. Please feel to share this to people who may benefit from the guidance.
If you want to understand what is in the Primetime system and how to use it, send a request for a link to the Primetime Youtube Channel where you can view each of the separate videos. There are 30 videos all covering how to use the system, each of the different aspects and tools.
What might seem a little distasteful to think about but nevertheless important is:
If I or one of my parents become incapacitated, who might be able to make decisions and carry on on my/their behalf?
Up to date Enduring powers of attorney, Enduring powers of guardianship, Wills and Advanced health directives are all essential but often ignored planning tools.
Who knows your passwords and logins? Who can I trust?
It is in times like these that action should be taken, with due care and thought.
This is just one of the many matters that impact planning through life. It is also one of the things that Primetime covers….. comprehensively.
Share this with those you love and care about, plan for all contingencies and enjoy peace of mind.
In this period of home detention many seniors aren’t getting their workout fix. This might mean social sports, structured training such as gyms and hydrotherapy etc. With some comments about social distancing perhaps extending for another 90 days or more, it is time to seriously consider a structured daily exercise program.
What is crucial for people as they age is the irreparable muscle loss and the implications on physical and mental health and well being.
For this reason resistance training is so important to keep up.
Here are a couple of 20 minute strength and flexibility workouts that can be done at home. It caters for a range of abilities and ages because the exercises can be done sitting down or standing up. Choose the workout you might feel is better suited to you or rotate them.
https://www.youtube.com/watch?v=8CE4ijWlQ18
https://www.youtube.com/watch?v=Ev6yE55kYGw
The ever popular retirement evaluation program is now offered for free. The free offering includes the questionnaires and personal reports together with the built in action planner and referral service.
Get started now.
A study over 6 home care providers showed that the difference in total costs for the same services varied by around 40% a year resulting in the higher cost providers charging thousands of dollars a year extra and leaving people out of pocket as the government funding fails to cover the higher costs. The way the charges are administered differ among providers and it is very difficult to compare apples with apples.
Having an understanding of home care and doing the homework can make a significant impact on the financial health of people on fixed income once working lives are finished.
For a free report on the variances contact us today.
The complexity around how service providers charge for government funded home care packages can mean those with home care needs may be out of pocket to the tune of thousands of dollars a year.
In order to get the best value for their allocated government funding it is necessary to shop around and compare apples with apples. But this isn’t as simple as it seems.
See the attached published article written by The Australians Paul Garvey based on the research work done by Primetime. Primetime Home care cost analysis The Australian June 18 2019
Not understanding the longer term impact of downsizing can result in over $400,000 in wealth loss over 10 years according to the analysis performed by Primetime.
Pro active longer term planning over accommodation choices are vital for many people and understanding all the in and outs can be the difference in affording quality health care later in life and having enough funds to comfortably support a couple through their lifetime.
Lifestyle villages can offer security,social stimulation and great facilities which in turn has long term benefits to mental and physical health but the financial costs can be high as well and the devil is in the detail.
See the following case study showing downsizing can cost you big time .
