Housing plan for your golden years

Don’t wait until a health scare forces you into a move from the family home. It pays to plan ahead and implement a step by step program to ensure a smooth transition from the family home to a retirement community then possibly aged care. The waiting lists are increasing at an alarming rate as the ageing population is growing and people are living well beyond their average life expectancy.

Poor planning and last minute arrangements can often be very costly and stressful and there is no guarantee that you will receive placement in your desired community or locality. Seeking professional financial advice well in advance, even years, can assist with the placement of your assets to reduce the cost of future care, such as the initial bond and future ongoing Aged Care Fees. A review of the family home is also a necessity as it does not always pay to sell up prior to entering a retirement community or aged care.