
β Retire Right26 Aug Β· 39 min
435 Aged care planning: the $585k decision nobody was ready for (a real case study)
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:
π an introduction to the case study
ππΌ what is a RAD and DAP
ππ½ how means testing works for the age pension vs aged care
ππΎ their aged care fees
ππΏ what they did after seeing Nathan about their situation
ππ» how they got into a better financial position
π what would Nathan have done in their situation?
ππ½ key takeaways from this case study
*Names in this case study have been changed for privacy
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