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Advice, Age Care, Age Pension, Finance Planning

It is never easy to transition a loved one into aged care

Whilst dealing with this transition is overwhelming enough, deciding how to finance Aged Care long term, can be baffling and complex as legislation and entitlements change regularly, it’s often difficult to know your options.

Making wealth protection and financial management crucial when moving into aged care. With sound and reliable financial advice to seniors, pensioners and their families, along with the right team beside you, it is possible to achieve a more comfortable life in residential aged care.

This is achieved through navigating the many options available when it comes to financing aged care. Compassionate yet thorough, unbiased, detailed advice from our aged care financial advisers can help you save on fees associated with nursing homes and residential aged care.

We can also help you get access to new pension entitlements.

"Financial
Advice, Cashflow, Debt Management, Finance Planning, Superannuation

Financial Planning in Your 40s: Your Top 4 Priorities

It’s never a bad time to give your finances a health check. And if you’re hurtling towards middle age at what feels like breakneck speed, stop for a moment and consider the future.

The time spent on sound financial planning in your 40s could be one of the smartest investments you ever make.

Our 40s can often be when we feel a stronger sense of security, having years of experience behind us. So, read on to discover more about why giving yourself a midlife financial checkup is such a wise move.

"Smart
Advice, PAC Financial

Smart Money Moves: How to Strengthen Your Financial Health in 2024

There’s never a bad time to look at your financial health, but the start of a new year helps to focus minds and give the process a kickstart.

Financial planning needs to feel clear, achievable and never overwhelming. If there’s room for improvement, the best advice is to get started straight away and avoid putting off a long, hard look at your finances.

Read on for all the financial health strategies you need for making short and long-term financial objectives by identifying your key priorities.

"Considering
Advice, Uncategorized

Are you considering a Granny Flat arrangement…. What could go wrong?

A lot as it turns out. To decrease disaster, it’s worth considering a formal agreement which lays out everyone’s expectations on the table.

Why are Granny Flat arrangements becoming so popular?

Unaffordable property prices and unreasonable rents are pushing many families to rethink their living situations. Granny flats can often be a popular solution as it may provide you the opportunity to continue to live independently in a home for longer whilst providing suitable and reasonably priced accommodation for the younger generation.

Also, capitalising on the families grouped financial resources and support creates another possible alternative to aged care.

"Your
Advice, Age Pension

Your assets: How to value and report them to Centrelink

Today we are sharing a refresher on the way the asset test is applied by Centrelink and how knowing the rules can help you to maximise your entitlements.

Why are both income and assets evaluated?

The Australian Age Pension is based on a means test that combines the income test and the assets test. Generally speaking, Centrelink will determine your income first. If this falls below the limit, it will then consider your assets. If either your income or assets are above the limit for a part-Age Pension, you will be ineligible for any Age Pension benefits.

If both your income and assets are below the limit, whichever one delivers the lower Age Pension payment will be applied.

"financial
Advice, Finance Planning, PAC Financial, Uncategorized

Why We Often Argue About Our Finances

Being in a relationship comes with its pros and cons.

When single it’s me, myself and I making the decisions. There would be very few couples who claim they never argue – some might say that would be boring anyway. The real disputes occur when the arguments are about finances and if they occur too often, it can become stressful and draining.
Today we look at the three main reasons couples argue about their finances. And how seemingly ‘irreconcilable’ differences might be handled.

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