Aged care spending will need to increase even more: Actuaries warn

Federal expenditure on elderly care will more than double by the end of the decade, putting even greater strain on the budget, according to new study, which warns that older Australians may have to draw on their savings to aid them in their later years.

This is  where Life Planning comes in. We are getting older and living longer. This is creating a whole new dynamic in wealth planning for our later years. It’s not simply an issue of who to leave what in your will, it’s a matter of life planning. Check the full article here: