Life can be unpredictable. That is why every person, especially the elderly, need financial advisers to ensure they’re ready for whatever lies ahead. Dealing with complex financial issues for the elderly, at a time when their main concern is their wellbeing can be daunting. This does not even include the difficulties of handling confusing and time-consuming details.
With the help of a financial adviser, your loved ones may concentrate on their health and well-being while knowing that their financial concerns are in good hands. A financial adviser can help you manage your money and guarantee financial security. In this way, they make it easier for the elderly to achieve their financial goals.
How Can Financial Advisers Help You?
First and foremost, financial advisers will take into account all of your available financial assets. As a result, they will assess your business investments, family home, cash flow, and investment strategies.
Furthermore, they will examine your accommodation payments and care fees to place you in the best financial position now and in the future. With all of this in mind, financial advisers can help with:
- Retirement planning
- Budget planning
- Wealth management
- Income protection
- Portfolio administration
- Savings planning
Financial planners also give advice on managed funds, financial products, and can help organize your finances. They help you negotiate with your creditors if you have debts. Note that it is vital to choose the right financial adviser for your situation.
Precept Financial Services can provide advisers tailored just for you, depending on your needs. Our financial advisers can help you focus on the information and issues that are important to you and your specific financial situation. As professionals in finance, we understand the rules and how to make them work for you and your unique situation.
Things A Financial Adviser Can Assist With
Of course, everyone’s situation is unique, but there are a few key areas to consider when seeking financial advice for elderly care. These are some of them:
- How to maximise government pensions
- How to minimise your nursing home fees
- Funding accommodation payments
- Negotiating with aged care facilities
- Financial strategies for multiple care options
- Selling your home against the impact of the age pension and care fees
- Reviewing and planning for any tax implications
Speak to one our accredited Aged Care Specialists
Do you want to manage your finances better? Is your loved one having difficulties navigating their aged care costs against their finances? Worry not! Precept advisers are qualified, certified, experienced and budget-conscious.
Please contact us today and ask to speak to one of our aged care specialists Ryan Sullivan or AC Bosch for a complimentary meeting to help you make informed decisions about investments and financial issues for your current and future needs.
This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
Please see our Financial Services Guide for more information.
Precept Financial Services Pty Ltd (ACN 140 538 147) as trustee for SF Unit Trust trading as Precept Financial Services is an authorised representative and credit representative of Charter Financial Planning, Australian Financial Services Licensee and Australian Credit Licensee No. 234665