At this stage in your life:
You've been enjoying retirement, but now it’s time to plan ahead. Managing your home and garden might be getting tougher or consuming too much of your time. Maybe a sudden health issue has cropped up—making it important and urgent for you to prepare financially for downsizing into retirement community living or some form of aged care.
Alternatively, you could be entering retirement and thinking ahead—worried about having too much fun spending your retirement funds and being left without the means to cover care later in life.
You might also be assisting a loved one, like a friend, family member Mum, or Dad, who's ready for permanent residential aged care. As their enduring power of attorney, you're overwhelmed by the complexities of Aged Care fees and Centrelink regulations, in addition to the emotional strain of seeing your loved one needing care.
No matter which situation resonates with you, what you really need is professional financial guidance and support to ease the pressure, stress and anxiety and help you find the right solution for your circumstances. Ultimately, providing peace of mind that your tailored solution is affordable and the best possible way forward for everyone.
LifePath Financial Planning can
help you with:
- Understanding your care options and the affordability and financial implications of each—helping you to determine the right care option for yourself or your family member. (Whether it be home care, a retirement village, community living, or an aged care facility).
- Calculating any means-tested fees, identifying strategies for minimising these fees and maximising Centrelink payments.
- Clarifying any confusing entry and exit fees for retirement villages or aged care facilities.
- Budgeting and cashflow management to handle healthcare costs and meet care deposits, facility fees and ongoing payments.
- The tax considerations for planning your entry into aged care.
- Gifting rules that could affect your pension and income-tested fees.
- Legislation and entitlements for support.
- The implications of selling or keeping your current home to pay for aged care costs.
- Estate planning. More than just a Will, we will help you arrange your assets so that your life savings end up securely in the right hands at the right time, in the most tax-effective manner.
Why choose us?
Industry Leader in Aged Care
Our specialist Aged Care team works with a range of Brisbane facilities, hospitals and community organisations.
THREE OFFICES IN BRISBANE
Convenient for our clients, with locations across Northside and Southside Brisbane.
A Best-Practice Organisation
Dedicated to providing unbiased, quality recommendations based purely on each client’s financial goals and personal objectives.
Our Free Resources
Uninformed financial decisions can be very costly and may result in undesirable lifestyle outcomes. Use this guide understand your Retirement Community options and the strategies available to you.
Wondering what aged care options are available? LifePath Financial Planning outlines the types of care available for seniors, from home care to community living to residential aged care.
Uninformed financial decisions can cost thousands of dollars and, in some cases, restrict the options of care available. Use this guide to access all the financial planning information you need to know about this life stage from assessing your eligibility to the fees and charges associated with aged care.
Navigating the financial complexities of ageing and aged care can be a daunting task for individuals and families. Here at LifePath, we understand the unique financial challenges that come with planning for later life. Our dedicated, compassionate team of experienced financial experts is here to provide you with comprehensive financial planning and advisory services tailored to your specific needs. Whether you're focused on leaving a financial legacy, planning ahead for your own aged care or assisting a loved one, we're here to guide you through every step of the journey.
Preparing for—or entering—later life? Need financial advice about downsizing into a retirement community or transitioning a loved one into aged care? Let’s connect.
The first meeting is on us. There’s no cost and no pressure. Just a conversation with our compassionate, knowledgeable team to make sure we’re the right fit for you or your family.
What LifePath financial planning clients say
James gave me expert advice on the topics listed above – mainly in relation to my mother’s entry and exit of an Aged Care facility. He explained all the financial considerations in relation to maximising her assets and cashflow whilst minimising tax and in the ongoing management of the RAD….
I am sending this email to compliment your Financial Adviser, Rob Creaton. Since I have partly retired, and more recently retired, I have been working with Rob who has assisted me with planning my ongoing finances. Rob has been so supportive. He has patiently listened to me, advised, and actioned…
Brenton has been our financial advisor for a number of years. Through Brenton’s expert advice and understanding of the constant changes in the financial arena we have been able to make the most of our financial investments. His valued advice has been a catalyst to achieving our financial goals and…
My wife and I are entering a Retirement Village and requested James to review our financial situation. He quickly and expertly guided us through the complicated details of the Retirement Village contact. He impressed us with his knowledge in this area and gave us advice that will benefit our family…
Hi Brad, I am getting some great feedback from clients who have met with you and your team. We really do appreciate your support and will continue to refer our clients to you for advice.
We sought advice from James prior to selling our home and moving into a retirement lifestyle village. He was able to help structure our investments to achieve the best possible outcomes for our situation. He has also given us a greater understanding of the Aged Care system and future impacts…
COVID has not been fun for anyone and although the market goes up and down, we are confident that the decisions we made with Brenton’s advice are good ones. I have since recommended LifePath to several people, and those who have engaged with Brenton are all enjoying and benefiting from…
James provided expert, professional advice when my family was faced with managing my father’s transition into residential aged care. James was consistently calm, patient and understanding of my father’s needs and the preferences of my siblings and myself. James facilitated a transparent, practical and smooth transition by managing the complex…
James has advised me on my investment portfolio for a number of years. He always takes care to make sure that he understands my goals, that I understand the various options available to me, and then makes a recommendation and then explains why he thinks it is the best path…
I first met Trent Allen eight years ago when my family and I sought advice on how to navigate the aged care maze for our parents. We were very appreciative of his perspicacious nature, guidance and timely advice. Today, I am equally grateful for his advice and guidance as I…