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Rachel Lane

Rachel Lane

Rachel Lane is author of the best-selling book Aged Care, Who Cares? and Downsizing Made Simple with fellow finance expert Noel Whittaker.

Aged care residents are paying the price for the complexity of a system created by government.

The expensive new problem facing aged care residents

What might appear as a small technical issue is costing some aged care residents thousands of dollars.

  • Rachel Lane

Latest

There are two questions everyone should ask their financial adviser.

For many retirees, this 37-page aged care ‘test’ is a waste of time

The means assessment test for aged care is not compulsory, and for some, you’d be better off not filling it in at all.

  • Rachel Lane
The delay to aged care reforms from July to November will cost the budget almost $1 billion.

Why Labor’s shiny new aged care scheme is a $10b rip-off

Aged care has become a masterclass in overpromising and underdelivering – while quietly saving the federal budget billions of dollars.

  • Rachel Lane
Tim Tams.

Like a fancy pack of Tim Tams, aged care now gives less for more

Shrinkflation has started to hit most products on our supermarket shelves – and now it’s coming for our aged care.

  • Rachel Lane
The Ferrari 296 GTS is priced at $688,000, which is still cheaper than the cost of aged care.

Why your aged care could cost more than a Ferrari

While we baulk at the price of a luxury car, for many Australians, the most expensive purchase they will ever make isn’t a Ferrari – it’s aged care.

  • Rachel Lane
As the festive season rolls around, the giving of financial gifts is often a point of interest for retirees and pensioners.

How gifting your grandkids money could actually increase your pension

If you’re gifting from a financial asset – like money in the bank or shares – giving it away won’t hurt your pension. In fact, it could help.

  • Rachel Lane
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Aged care can be difficult to afford, so it’s important to give retirees as much choice as possible.

Should retirement village residents be able to buy now, pay later?

Choice is supposed to be at the heart of the retirement village experience. But when it comes to paying, many companies offer only one option. 

  • Rachel Lane
Whether you choose to sell your home to pay for your aged care is totally up to you.

Thinking of selling your home to afford aged care? Think again

The decision of whether to sell your home to afford aged care has always been fraught, but new changes have made the choice even trickier.

  • Rachel Lane
The lifetime cap protects you from paying endlessly towards your care, but the daily living and accommodation fees keep ticking along.

If you’re heading to aged care, beware this common misconception

When is a lifetime cap not a cap? When it’s in the perennially confusing world of aged care.

  • Rachel Lane
Without changes, the scheme risks leaving those who need it most struggling to stay at home safely.

Unless this one thing changes, many won’t be able to afford aged care

Many older Australians will be shocked by just how much they’re expected to pay for their aged care under the government’s new scheme.

  • Rachel Lane