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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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Where There’s a Will, but Not a Way: Part 2
Read more: Where There’s a Will, but Not a Way: Part 2Time can be a funny thing depending on your perspective. When you’re experiencing an event, or a saga, time may seem to slow down. Nothing can expedite the issue to its conclusion, the clock just has to continue ticking. When you’re merely an observer to said saga, you might marvel how quickly time passes. Learning of updates can only prompt a “Wow! Is that still going on?” We say this because a few years back we wrote a story about a client who was tied up in a seemingly never-ending estate battle with their sibling. We received an update recently.…
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John Hussman: Man who Predicted
Read more: John Hussman: Man who PredictedThere’s a never-ending cast of characters out in the world who have big opinions on the direction of financial markets. They might run their own newsletters or even their own funds. A number of them are permanently bearish. It’s a way of life and they can’t see things any other way (or their wallets don’t allow them to). They do fill a niche, milking unfortunate souls of their cash or delivering them returns that can only be defended if those souls exist in a permanently dark headspace where the end is always around the corner. It would be fine if…
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