Blog

November 3, 2016

A guide to planning for aged care

When the time comes to consider aged care, where do you start, what options do you have and will you be able to afford it? The latest Intergenerational Report tells us that Australians aged 65 years and over accounted for 14% of the population – and that figure is rising. Whether you’re concerned about your future self or a loved one, aged care is an issue most of us will have to manage at some time in our lives. At the time of Federation, Australians at birth had an average life expectancy of around 50 years. The most common causes […]
November 3, 2016

Tap into the amazing power of compounding

When you invest over a period of time, compound interest is your best friend. In effect, it means you are earning interest not just on your own capital, but also on the interest you’ve already earned. Over the long term, this might be phrased as “interest on interest on interest on interest on interest …” or more simply, “free money”! So how do you get this free money? This is how… A simple start Imagine we place $100 in an investment that earns 10% pa. At the end of one year, we’ve earned $10. Imagine we spend all the interest […]
October 27, 2016

What is your aged care funding strategy?

We’re an ageing population; the media keeps reminding us, as does the government, but are we prepared for what this means? As a society? As individuals? One thing’s for sure – it’s something we cannot ignore. According to the Australian Institute of Health and Welfare (AIHW), in 2014, 3.4 million Australians were aged 65 and over. Consider for a moment: this figure shows those people contemplating aged care for elderly family members are fast approaching the age when they’ll need it themselves. Sobering thought. What this means is that as aged care becomes increasingly important, the need for aged care […]