The right advice for aged care accommodation

YOUR FINANCIAL EXPERTS… From left, RI Advice proprietor and senior adviser, Sandy Miller, adviser, Chenara Newbegin, administrative assistant, Joe Bourke, administration manager, Linda Bourke and senior paraplanner, Nick Barzen. Photo: Katelyn Morse.
YOUR FINANCIAL EXPERTS… From left, RI Advice proprietor and senior adviser, Sandy Miller, adviser, Chenara Newbegin, administrative assistant, Joe Bourke, administration manager, Linda Bourke and senior paraplanner, Nick Barzen. Photo: Katelyn Morse.

Choosing your ideal accommodation in retirement is not just about finding the right location and environment, there is also a range of financial issues to consider.

With longer life expectancies and the importance of fulfilling lifestyle, retirees need to put a lot of thought into where and how they will live in retirement.

For many people it is a lifestyle choice, but for others the choice may be dictated by health concerns, mobility or budget. In most cases it is vital to seek financial advice before making a decision to ensure you do not miss out on Centrelink entitlements or investment income. Your financial adviser can implement strategies to assist in:

  • Reducing assessable assets
  • Increasing social security entitlements
  • Minimising entry and ongoing costs for aged care accommodation

For more information, contact RI Advice Shepparton for an obligation free discussion on 5831 2833, email reception@rishepparton.com.au or visit RI Advice at 137 Maude Street, Shepparton.

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