Aged Care Financial PLanning
Aged care financial planning involves preparing for the costs associated with a new stage of life.
The costs associated with moving into an aged care environment or accessing more at home help. We work with those in need of support as well as their adult children, who often do the work for their parent, aunt or uncle.
A key part of aged care financial planning is understanding the various types of aged care services available, such as residential aged care facilities and home care packages. It’s also important to consider the financial implications of different aged care services, including means-tested fees and accommodation payments. Not all providers charge the same and it’s important you take time to do the leg work and visit aged care providers in person before selecting them for yourself or your loved one.
Broadly, advice on aged care financial planning considers factors such as Centrelink payments, Personal savings and investment income and estate planning. It’s essential to understand these elements to ensure you can afford the care you need without compromising your financial stability.
Why is aged care finnacial planning important?
Aged care financial planning is a critical part of financial planning because it ensures you have the necessary resources to cover the costs of care as you age. Unlike other expenses, aged care costs can be substantial and ongoing, making it crucial to plan.
By investing time in aged care financial planning, you are securing your future, ensuring that you can maintain your quality of life. Planned well, Aged Care can be a positive experience, helping you or your loved one live with dignity, care and more social engagement and enjoyment in their twilight years.
How can we help?
We specialise in aged care financial planning. We provide personal financial planning advice tailored to your specific situation. We also provide aged care strategies to help you make the most of the assets you have worked hard to accumulate and still leave a legacy.
- We provide personalised advice tailored to your unique financial situation, helping you choose the right aged care strategies to help you pay for your expenses and generate the income you need.
- Our financial adviser holds certifications from recognised institutions such as universities, the Financial Advisers Association of Australia and Aged Care Steps, which ensures you can seek expert guidance with confidence.
- We also offer regular reviews of your aged care fees and investments to check you are getting the right amount of Centrelink Aged Pension and are paying the right aged care fees.
At EKB Financial Advisers, we pride ourselves on helping our clients make informed decisions.
Make an appointment
We invite you to make an appointment with us if you need assistance with managing the move to aged care. Call us on (03) 99692230 to make an appointment. We are able to take your call during business hours. Alternatively reach out to us on our website contact form, and we’ll call you back to arrange a time to meet.
By understanding and managing your aged care financial plan correctly, we can help provide you with more certainty and confidence to enjoy the golden years of your life.
