Aged Care
Should You Stay, Downsize or Relocate in Retirement?
Retirement is an opportunity to assess where you live and how you want to live. Questions to help you decide where to live Retirement may be a time to think about whether you want to stay where you are, downsize or move into a retirement home. Your children may have moved out, and the family…
Navigating grief in the aged care system: why support must start long before end-of-life
New research shows grief in aged care begins long before death, starting at the moment a loved one enters residential care. Families describe a long, evolving journey shaped by loss of role, communication, and meaningful rituals – pointing to the need for grief support across the entire aged care experience. Grief in aged care doesn’t…
Private vs government-funded elderly care: what’s best for your loved one?
Older Australians can access both government-funded and private aged care services, each with different costs, eligibility rules and flexibility. Understanding the differences between these options can help you or your loved ones make informed choices about the right support at home or in care. Elderly care is currently one of the most invested programmes by…
LP Financial Planning: Proudly Leading the Way in Aged Care Advice
We are thrilled to share some exciting news with you! One of our founding directors, Brad Monk, was invited to participate in a national webinar hosted by Challenger Limited, a leading company in retirement and aged care income solutions. The webinar, titled “1st July 2025 Aged Care Advice Opportunities,” was a significant event with over…
Is a retirement village right for you?
The retirement living sector is growing rapidly in Australia as the population ages and demand increases for a spot in a retirement village. For many people, the idea of having someone on site to help with property and garden maintenance is enough for them to make what can be a major change later in life….
Caught in the middle: help for the sandwich generation
If you are feeling a bit like the meat in the sandwich you are not alone. The ‘sandwich generation’ is a growing social phenomenon that impacts people from all walks of life, describing those at a stage of their lives where they are caring for their offspring as well as their elderly parents. The phenomenon…
Federal Budget 2024-25 Analysis
What does the Federal Budget mean for me? Treasurer Jim Chalmers has high hopes that his 2024 Federal Budget will rein in inflation earlier than expected, ease cost-of-living pressures and build a stronger economy in the future. It’s a Budget for the here and now, he says, but also for the decades to come. More…
LifePath Financial Planning On Channel 7 News
We were thrilled to have Channel 7 come into our office to interview our client Michelle regarding the importance of receiving age care advice from her experience. You may be aware the Government released the final report from the Aged Care Taskforce, which contained 23 recommendations to reform the fees and funding across home care…
Star ratings for Aged Care help make family choices easier
Moving into aged care can be a challenging time, both for those making the move and families supporting their loved ones. It’s understandable that everyone wants to find the most suitable accommodation and the appropriate standard of care, however, it can be confusing to make that choice. A new star rating system for aged care is giving…
Planning your aged care needs
The wave of older Australians will continue to grow over the coming decades. As such, we can no longer afford to ignore the issues around aged care with more than one million retirees already accessing aged care services in Australia. Planning ahead can help to demystify aged care and reduce stress levels. With awareness and…
RAD versus DAP payment history
If you move into residential care, you may be asked to pay for accommodation. You can choose to pay a lump sum Refundable Accommodation Deposit (RAD) or a Daily Accommodation Payment (DAP). RADs have been the most popular choice, but more and more residents are using a combination of RADs and DAPs. The graph below…
Navigating the options of aged care
Successfully transitioning between in-home care services, retirement villages and full-care accommodation is all about making timely, well-informed decisions. Buying, selling and moving house are among the most stressful times in life. Even more so when you are retired and your health begins to decline, along with your financial assets. The earlier you can start planning…