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Don’t panic – your starting fee may only be temporary
Read more: Don’t panic – your starting fee may only be temporaryCashflow planning is important when moving into aged care, but plans can be thrown into chaos if your first invoice shows much higher fees than expected. This article sheds light on interim fees. The first statement you receive when you move into residential aged care can be a shock, as fees might be far higher than expected – possibly even hundreds of dollars a day higher. This might not be an error but rather be just a matter of understanding how “interim fees” are applied. If you are required to pay a means-tested fee as a contribution towards the cost…
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The festive season brings families together
Read more: The festive season brings families togetherWhen your family gathers over the festive season, it might present an opportunity to start planning for future care needs. Christmas is a time for families and the New Year is for resolutions. This year, combine the two by making a resolution to pay more attention to how your older parents are coping and start family conversations to develop a plan for future care and support. You may have been busy through the year and not noticed the small things. But how well parents are coping may become more obvious when you have time to catch up with family over…
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2022/23 Federal Budget Review
Read more: 2022/23 Federal Budget ReviewThe final Federal budget before the imminent Federal election has been released. Given the proximity between these two events, the budget wasn’t expected to be overly frugal and there are goodies. There are one off payments and tax rebates coming to try and keep everyone happy. Some warranted, others debateable. It’s worth remembering we’ve had strong equity markets, record house price growth, record stimulus and the lowest interest rates the country has seen. There’s $250 billion sitting in household savings accounts and the unemployment rate is projected to fall below 4%. The idea that a large number of people in…
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2021 End of Year Wrap
Read more: 2021 End of Year WrapIt’s that time of year again. We’d once again like to thank all of you for the support and engagement in another challenging year. We assumed we may have been able to break away from Covid this year, but it wasn’t to be the case. It almost seems like 2021 has been an extension of 2020! Thankfully in Tasmania we have had better fortune than most throughout 2021. Freedom from Covid throughout most of the year, along with freedom of movement within the state. We can only hope the newest variant of Covid is less severe, will be blunted by…
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Magellan Challenges Active Adviser Beliefs
Read more: Magellan Challenges Active Adviser BeliefsClick video to listen to story. If you didn’t know, Hamish Douglass is probably Australia’s best known fund manager and is the figurehead of one of the most recognisable funds management businesses in the country: Magellan Financial Group. For years his flagship global fund has outperformed the market based on his convictions. It has afforded him rockstar status, a cult like following with investors, and the ability to get his message almost unfiltered into the media as many of Australia’s finance journalists have acted as stenographers when reporting on his thoughts and comments. Until recently. Magellan’s stellar performance has evaporated…
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