AgeWise Financial Planning in Greensborough, Victoria | Financial planner

AgeWise Financial Planning

Locality: Greensborough, Victoria

Phone: +61 408 537 061

Address: Level 1, 103 Grimshaw St 3088 Greensborough, VIC, Australia

Website: http://www.agewisefp.com.au

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25.01.2022 Pet adoptions are surging while so many of us are stuck at home. As well as savings lives by staying home, we are also saving pets!

23.01.2022 Need tips on how to not fog up your glasses? Read on.

23.01.2022 You can now apply for an aged care assessment online, which is a welcome step forward. These assessments are your "ticket to ride" for all types of government-funded aged care - including home care, respite care and residential aged care. Go to: https://www.myagedcare.gov.au/assessment/apply-online

21.01.2022 A great article by Jemma from Aged Care Gurus on aged care options and the need for advice. Enjoy!

21.01.2022 Read below for the story of Lucy*, one of our clients. * Name has been changed for privacy reasons.

20.01.2022 You may have more years of life to plan for than you think.

20.01.2022 A recent survey of 2,400 households showed that around a quarter of over-55s have already downsized while another quarter are considering it. There can be pros and cons to such a move, so make sure you consult an expert to understand the implications for you first.

20.01.2022 The number of people receiving home care packages has increased by 25% in the last year which is great news. However, over a third of those with a package are receiving a lower level one than they have been assessed as needing. Also, there are still 72,000 Australians on the waiting list for any package at all.

19.01.2022 Its beginning to look a lot like Christmas... https://mailchi.mp/d51c496f6160/christmas-greetings

18.01.2022 Nearly half of all home-owners aged 55-65 are still paying off a mortgage, which can make a comfortable retirement difficult. Getting advice sooner rather than later can work wonders.

15.01.2022 A heart-warming story about how a US taxi-driver stopped an elderly lady from being scammed - because he cared enough to help her.

15.01.2022 A British woman has just turned 108 and has credited her long life to drinking champagne!

14.01.2022 Great article looking at options towards retirement.

13.01.2022 Here are some useful tips on navigating the aged care journey.

12.01.2022 While our Greensborough office is still open (by appointment) at this stage, we have suspended in home consultations. We also offer initial consultations via video or phone now.

12.01.2022 What a fabulous calendar. It was available for $20 from the Daylesford Bendigo Bank branch and Daylesfords Terry White Chemmart. However, apparently it is almost sold out already. Hopefully more will be printed! We would love one for the AgeWise office.

12.01.2022 Sometimes it just seems all too hard.... Please come and talk to us if you need financial advice for retirement or aged care solutions. We can help. www.agewisefp.com.au

11.01.2022 This TV series starts tomorrow night on ABC.

11.01.2022 U City is a brand new high-rise retirement village in Adelaide, built by Uniting Communities. It is great to see innovation and new options for retirement living.

11.01.2022 When a couple moves into aged care, it can be lovely when they still stay together. Though, not everyone wants to!

11.01.2022 12 tips of Christmas Some call it the silly season, others call it the festive season, but I call this time of year aged care season. Its a time when families come together, maybe for the first time since last Christmas, and realise that Mum or Dad or both need some (or a lot of) care and support. So, if your family gathering turns into a conversation about what are we going to do with Mum / Dad? here are my tips for navigating the aged care season.... 1. Talk about it. Conversations about care can be hard. Maintaining good communication and having a with you rather than to you attitude can make the transition easier for everyone. 2. Get an ACAT. The first step in accessing a Home Care Package, respite or moving to an aged care facility is to have an Aged Care Assessment Team (ACAT) assessment. Its free and easy process but you can be waiting many weeks, sometimes months, at busy times. 3. Care at Home. Theres a range of home care services, including Commonwealth Home Support Programme, Home Care Packages, DVA services and private care services. 4. Take a Break. Respite in an aged care facility can give carers a much-needed break. It is also a great way for you to try before you buy. 5. Do the Downsize. Retirement villages and land lease communities are becoming a popular choice for people who need some care because they provide the independence to do what you can for yourself with care and support for things that you cant (or dont want to) do. 6. Research your options. Whether you are considering downsizing to a Retirement Village or Land Lease Community or a move into residential aged care you need to do your research, take a tour, join in an activity or attend an open day. 7. Pension Changes. If you receive a pension make sure you understand the impact of your move on your pension and other entitlements such as rent assistance and concession cards. 8. Timing. If you are a member of a couple then timing your move into aged care can make a significant difference to your cost of aged care. Be sure to understand the impact of moving together or separately (even a day apart). 9. Know the rights and wrongs of granny flats. Family looking after family is not a new concept but such arrangements can have serious implications on your pension, tax, ability to fund care and estate planning. 10. Have a trusted Attorney. An Enduring Power of Attorney enables a trusted person, rather than a tribunal or a court, to make decisions for you when you cant. Make sure you have one. 11. Estate Plan. A good estate plan is more than just a will it considers assets that will be part of the estate and those that wont and provides a clear document of your wishes. 12. Get Advice. Crunching all of the numbers can be complex. Advice from a Retirement Living and Aged Care Specialist will ensure you understand the choices available, strategies to make the move affordable and there are no nasty surprises down the track.

11.01.2022 Granny flat arrangements can be a great solution, but it is vital that you understand all the implications and put comprehensive legal agreements in place first. A good place to start is to consult a Retirement Living + Aged Care Specialist.

11.01.2022 The decision to enter aged care can be difficult and the process complicated, but the Government do have a range of tools to assist, as outlined in this article from the Department of Human Services. In many cases clients also need guidance from an aged-care financial adviser to understand the options and financial implications for their particular situation.

10.01.2022 Moving into aged care can be traumatic enough, without also having to leave a loved pet behind.

08.01.2022 In case you missed Monday nights Q&A show on aged care on the ABC, here is a good summary of the wide-ranging and thought-provoking discussion.

08.01.2022 What a heart-warming story about a mothers love.

08.01.2022 Exciting news about granny flats! One of the planned changes from the recent Federal Budget impacts capital gains tax assessments for Granny Flat agreements. Granny flats can be a fabulous family arrangement, but it is important to have a legal agreement in place so that both parties are protected. However, possible very significant tax consequences have been a scary deterrent to putting such an agreement in place. From July next year (subject to legislation passing), this ...will be a thing of the past! If you are considering a Granny flat, come and talk to us as we are specialists in Granny flats as well as other retirement and aged care solutions. It's important to be AgeWise....

07.01.2022 What a great gift to win.

07.01.2022 If you would like to make an appointment for an initial consultation then go to: www.calendly.com/agewise

06.01.2022 Paul Benson is a colleague who produces an excellent podcast series called Financial Autonomy. Susan was interviewed recently on the topic of the finances of aged care. If you are interested, have a listen! https://mailchi.mp/3682a304b739/agewise-by-podcast

06.01.2022 Great article on home care and how to access it by Rachel Lane in The Age today.

05.01.2022 Agreement has been reached to finally introduce a register of enduring power of attorney documents. This should help in the fight against elder abuse.

04.01.2022 If your age pension and/or aged care fees are being affected by the income-test, then you should have received an extra bonus from the 20th September Centrelink changes. The reduction in the "deeming rates" (the income you are deemed to earn from financial investments) has finally been implemented and backdated to 1st July. Yay!

04.01.2022 Self-funded retirees should check to see if they are eligible for the Commonwealth Seniors Health Card, as people with this card will receive the next 2 x $250 stimulus payments. Also, the card provides access to some very useful discounts.

03.01.2022 Due to Stage 4 restrictions, the AgeWise office in Greensborough is currently closed. However, we are still working remotely and can offer consultations via phone or Zoom.

02.01.2022 Great to hear that some of the tools to help older people live independently at home may not be as expensive as you think. Who would have thought to look at Kmart??

02.01.2022 What a great milestone to reach. Fingers crossed, it stays this way.

02.01.2022 What a lovely idea.

02.01.2022 Residents in aged care will have access to extra leave options during emergency situations (such as the current health crisis), without facing financial penalties.

02.01.2022 Older Australians who own their own home have over 20 times the net wealth of those who rent. The trick for many younger people, however, is to get into the property market in the first place.

01.01.2022 Centrelink have a team of "grandparent advisers" who can help work out if you are eligible for financial support for providing ongoing care to grandkids or other children. Good to know!