Retire Right

← Retire Right26 Aug Β· 39 min

435 Aged care planning: the $585k decision nobody was ready for (a real case study)

435 Aged care planning: the $585k decision nobody was ready for (a real case study)26 Aug39 min

Retire Right is brought to you by Tallowwood Wealth Advice. Specialist retirement financial advisers. You can book a complimentary appointment wherever you are in Australia by visiting https://www.tallowwoodwealth.com.au/

In today's episode, Nathan Fradley from Fradley Advice presents a full aged care case study with a live visual walkthrough of the numbers that a real couple faced when one spouse needed to unexpectedly and urgently enter care. He touches on:

πŸ‘‰ an introduction to the case study

πŸ‘‰πŸΌ what is a RAD and DAP

πŸ‘‰πŸ½ how means testing works for the age pension vs aged care

πŸ‘‰πŸΎ their aged care fees

πŸ‘‰πŸΏ what they did after seeing Nathan about their situation

πŸ‘‰πŸ» how they got into a better financial position

πŸ‘‰ what would Nathan have done in their situation?

πŸ‘‰πŸ½ key takeaways from this case study

*Names in this case study have been changed for privacy

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