Aged Care Strategy

Securing a stable and comfortable future for yourself or ensuring the well-being of a loved one during their retirement years requires not just thought but expert financial planning. The complexities of aged care funding are intricate, often including a range of personal and sensitive subjects which need to be handled with care.

At Evalesco we deeply understand the nuances and sensitivities involved in organising finances for aged care. Our commitment to providing tailored advice is grounded in our recognition of the uniqueness of each individual’s situation. Our team of seasoned financial advisers brings a wealth of experience, empathy, and attention to detail to craft an aged care financial strategy that is unique, thoughtful, and responsible.

Aged Care Strategy is Unique for Everyone

When it comes to crafting an aged care strategy, the notion of one size fits all simply doesn’t apply. A deeply personal process, it begins with a moment of reflection, envisioning the type of support that resonates with your unique situation. Whether it’s maintaining the comfort of home with some additional help or transitioning to a residential care facility that offers long-term peace of mind, the choice is intensely personal.

Initiating open, heartfelt dialogue with loved ones becomes the bridge between your wishes and the aged care reality. Together, you can tailor a plan that not only respects your independence and dignity but also reflects your individual needs and desires.

Our Aged Care Process

At Evalesco we take pride in offering a personalised and comprehensive aged care planning service that truly resonates with your individual circumstances. We’re here to guide you through the intricate details of financial decisions that come during this stage of life, ensuring that you’re well-informed of the various options at your disposal.

Once you have an idea of your needs our aged care financial advisers will build a unique profile that:

  • Checks your eligibility for various services
  • Assesses your care needs comprehensively
  • Understands your financial situation in depth

Our aged care financial advisers can then assist you and your family as you start to consider your options. They can provide guidance on:

  • Steps to accessing quality aged care
  • Decisions about keeping or selling the family home
  • Estate planning ensuring assets are left to beneficiaries as intended
  • Funding strategies for sustained cash flow in aged care services
  • Distinguish between aged and residential care to make an informed choice

Our Comprehensive Aged Care Plans

With a deep understanding of the importance of tailored advice, our expert team is committed to sitting down with you, uncovering your specific needs, and empowering you to make choices that align with your lifestyle and future aspirations. Our Evalesco financial advisers provide robust support in areas such as:

Trust us to be your compassionate ally, making the path toward aged care as smooth and secure as possible.

FAQ's

Aged care is a term that encompasses a broad range of services designed to support older adults who require assistance with everyday activities and healthcare as they age. For many approaching retirement, understanding the intricacies of aged care is an essential facet of financial planning. At its core, aged care aims to provide tailored support that respects the dignity of individuals while fulfilling their varied needs, whether it’s in the comfort of one’s home or within specialised facilities. As expert financial advisers, at Evalesco we guide you through the financial landscape of aged care, ensuring you or your loved ones have access to the best possible care environments, while also safeguarding your retirement assets and income. Careful planning can smooth the transition into this next stage of life, bringing peace of mind to you and your family.

Navigating the complexities of aged care requires thoughtful strategy and planning. By proactively crafting an aged care strategy, you not only secure peace of mind but also ensure that your golden years are supported by robust financial structures.

The integration of aged care into your broader financial planning efforts can maximise available government benefits, manage the costs of care more effectively, and help protect your estate for future generations. A thoroughly devised strategy aligns with comprehensive retirement planning, providing clarity for individuals and loved ones during times of transition. Ultimately, the comfort in knowing that all your financial affairs are in order prepares you to enjoy the quality of life you deserve throughout retirement.

The decision to start planning for aged care is a significant one, often met with hesitation and uncertainty. However, the right time to consider your future needs is now. Entering retirement armed with a sturdy financial plan for aged care can bring peace of mind and ensure your comfort and security in your later years.

Beginning early allows you to explore the breadth of options available, from in-home care services to full-time residential facilities, and tailor them to your personal circumstances. Whether you’re approaching retirement or still years away, engaging in financial planning now is crucial. It affords you the luxury of choice and the benefit of preparing for both expected and unforeseen needs.

Navigating through an array of retirement options requires thoughtful financial planning to ensure comfort and security. At its core, aged care offers a spectrum of options from independent living facilities, catering to those who seek a community-centric lifestyle with minor assistance, to full-time nursing homes that provide comprehensive medical care. The choice hinges on individual health needs, personal preferences, and financial situations.

For such an important decision, it’s comforting to know you’re not alone. Our experienced financial advisers are here to guide you through these pivotal transitions, ensuring that your retirement plans align seamlessly with your lifestyle wishes and care requirements. Trust us to illuminate the path toward a serene and dignified retirement.

When considering the transition to aged care, questions of affordability often come to the forefront, which can stir a mixture of concerns and uncertainties. At Evalesco, we understand that retirement isn’t just a phase, it’s a crucial new chapter that demands financial stability and peace of mind. Our expert financial advisers are here to unravel the complexities of aged care affordability, providing clear, tailored guidance to ensure you or your loved ones can secure the care they need without financial strife. With careful planning and strategic decision-making, we help you align your retirement goals with real-world solutions, fostering a sense of assurance as you step into the future.

Understanding the costs associated with aged care is pivotal in effective financial planning for you or your loved one’s later years. Aged care costs are multifaceted and tailored to individual circumstances. They generally include basic daily fees, means-tested care fees, accommodation payments, and extra service fees if applicable.

The basic daily fee covers living costs such as meals, cleaning, and laundry. The means-tested care fee is an additional contribution towards the cost of care that some people may pay, depending on their income and assets. Accommodation payments can be made either as a lump sum (Refundable Accommodation Deposit) or rental-style payments (Daily Accommodation Payment), providing flexibility based on personal finances.

Navigating through these costs can seem daunting, but with careful financial planning, you can secure comfort and care without undue stress. If you have queries about structuring your finances to cover these costs, our expert advisers are here to help illuminate the path towards a manageable and strategic aged care plan.

Exploring options for aged care for yourself or for a family member is a critical subject that can have a significant impact on life quality and financial stability. It’s a decision that often comes with a lot of questions and requires careful planning. Engaging with a professional financial adviser can prove indispensable when navigating through the complexities of aged care funding.

Having a knowledgeable expert in your corner can help ensure that you’re making informed decisions that align with both your care needs and financial situation. From understanding the intricate details of government subsidies to planning for the long-term costs of in-home care or residential facilities, a financial adviser specialises in tailoring advice to your specific circumstances.

At Evalesco we believe in the power of personalised advice when it comes to navigating the complexities of aged care decisions. Our dedicated team takes the time to understand the individuality of your needs, ensuring that every piece of advice we offer is as unique as the clients we serve.

We’ll walk you through a range of options, aligning our expertise with your goals and preferences, so that the path you choose is not just suitable, but feels right for you. Allow us to guide you towards informed choices, tailored carefully to bring comfort and clarity into this chapter of life.

Embark on a reassuring aged care plan with a responsible investment adviser. Connect with Evalesco today