A focus on strong performance
SuperRatings' Pension of the Year 4 years in a row4
Deciding where you’ll live in your later years of life is a big and often stressful decision. It’ll likely mean moving out of your much loved home and leaving behind years’ worth of memories. But on the upside, it’s an opportunity to move into a community and have the help you’ll need, when you need it. While the prospect of living in aged care or a retirement community could be years off or just around the corner, it’s worthwhile knowing what’s available to you if you do go down this route. Here’s some things we think you should consider:
Because retirement village living comes at a cost, it isn’t for everyone. You might be happy to stay put in your own home or moving in with family could be on the cards. Despite any costs, retirement homes offer a sense of community (especially if family is far away) as you can spend time with your peers, many of whom will share similar interests, and there’s plenty of activities to choose from. To find out more about it all, take a look at myagedcare.gov.au or the Department of Social Services.
1. My aged care website: http://www.myagedcare.gov.au/financial-and-legal/aged-care-homes-costs-explained, accessed 21 April 2016.
Caring for aging parents and children simultaneously is the new reality for many Gen Xers. And the impacts can be far reaching.
The downsizer scheme will be extended to people aged 60 and above.
What to think about if you’re considering an international retirement.
The government has changed deeming rates