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If Aged Care is Confusing – Get Advice
Read more: If Aged Care is Confusing – Get AdviceMany people think they can’t afford to get aged care advice, but the reality is you probably can’t afford not to get advice. RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions. It might even feel like you’ve landed in a foreign country where you don’t understand the language or the rules. Navigating your way through aged care and the jargon is not easy. Frustration, confusion and anxiety are feelings you are likely to experience, especially if you have arrived at this point with little preparation.…
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2024 Q1 March Quarter Review
Read more: 2024 Q1 March Quarter ReviewEconomic Overview Q1 2024 was another positive quarter from both an economic and investment perspective. Global markets notched strong gains led by the enthusiasm for all things artificial intelligence, while the important US economy continued to prove resilient. The expectations for rate cuts have also continued to play a role in underpinning market performance, but there is some recognition the number of cuts may be fewer and the pace of them may be slower than was previously hoped. Australian shares lagged their global counterparts, but still delivered a very healthy mid single digit return, and the ever-volatile Australian listed property…
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Getting your RAD back
Read more: Getting your RAD backMoney you pay as a lump sum for your residential aged care room will be refunded to your estate – so what do you need to know about when and how your money is refunded. Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away. When entering care you will have the choice to pay for your room as a lump sum or a daily fee. If you…
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Investing Has Been Solved
Read more: Investing Has Been SolvedA few years back, entrepreneurial guru Tim Ferriss, had the author and documentary maker Sebastian Junger on his podcast. Junger, who has taken plenty of risks in his career, including spending substantial amounts of time embedded with US soldiers in Afghanistan, was asked by Ferris what advice a 70-year-old Junger would offer to his current self. Junger offered the following: I think I would say to myself that the world is this continually unfolding set of possibilities and opportunities. And the tricky thing about life is, on the one hand, having the courage to enter into things that are unfamiliar. But…
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Blended
Read more: BlendedIt’s said that grey divorce is on the rise. Around a quarter of divorces are marriages that were twenty years or longer. Thirty years ago, it was around one in five marriages. And while it might not be a huge difference, there’s one thing that has changed since the 90’s. Wealth. There’s a lot more wealth in housing and superannuation than there was back in the 90’s. While a divorce earlier in life might potentially be ruinous, later in life there’s usually more of an asset base there. A house, superannuation, and other investments. In some cases, it won’t be…
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