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Five Adjustments if your Spouse Moves to Care
Read more: Five Adjustments if your Spouse Moves to CareLife is filled with changes. But with preparation and good advice, you may be able to manage the changes more effectively to minimise the stress. Watching your spouse’s health decline can be difficult and stressful. And if this decline results in a move to aged care, you will both be faced with a lot of changes. These changes might include getting used to a new routine and sleeping arrangements, as well as financial, legal and emotional adjustments. In this article, we highlight five aspects that couples may need to think about and tips to help you to adjust. 1. Your…
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Financial Challenges for Couples
Read more: Financial Challenges for CouplesSecond marriages may present additional financial challenges when balancing day-to-day expenses with implications for aged care funding. You may not share finances equally, but Centrelink/DVA will assess your obligations as if you do. Life is full of ups and downs. You might have been unlucky and lost a spouse, but then been lucky to find love again. A new relationship can bring companionship and support but may also bring financial challenges, especially with funding aged care and estate plans. Some couples may be willing to share a life but may prefer to keep finances separate so inheritances can pass to…
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2022 Q4 December Quarter Review
Read more: 2022 Q4 December Quarter ReviewEconomic Overview Interest rates and inflation were again major themes in Q4, as the US Federal Reserve delivered a hawkish message to round out the year following its December meeting. This capped off a year dominated by inflation. Inflation figures in many developed economies hit the highest levels since the early 80’s. The high figures saw some very aggressive monetary policy in response, but there were signs the hawkish messages and aggressive rate moves may have started to have their intended effect. Inflation appeared to cool in some countries towards the end of 2022, most notably in the US. Financial…
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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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