Versuchen GOLD - Frei
A conversation that changes lives
Money Magazine Australia
|March 2023
The future wellbeing of ageing parents is a sensitive issue that should be tackled early to avoid financial and family stress
You’ve probably heard the expression, “You’ll have to take me out of here in a box.” You may even have heard it from your own parents.
Reality, sadly, often gets in the way of this desire. To put it bluntly, some people outlive their ability to look after themselves at home and necessarily need to move into some form of aged care late in their life.
Rather than pretending this will never happen, it is far healthier, and potentially much less stressful for everyone in a family, if you can have a frank, “What if the worst happens?” conversation ahead of time, just in case.
Believe me, this is much better than being forced to make hasty decisions on the run in an already high-pressure situation.
Let’s look at the elements of “The Conversation”. Who should be having it, and when?
Ideally, The Conversation is something that you and any siblings will have together with your parents. It should happen when everyone is in a good state of mind and obviously while everyone – especially the older generation – has the mental capacity to be discussing serious matters.
Try not to spring it on your parents. Flag it ahead of time and arrange a suitable time and location. Ideally, this won’t be the parents’ home, where emotional attachment might make the idea of leaving unbearable (and/or it is too easy for Mum to distract herself making tea). Perhaps make an occasion of it – a nice lunch at a quiet restaurant?
Diese Geschichte stammt aus der March 2023-Ausgabe von Money Magazine Australia.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Money Magazine Australia
Money Magazine Australia
Staying true to purpose
When it comes to super funds, Australians are spoilt for choice with 21 industry funds, 57 retail funds and a variety of public service and corporate funds to pick from. This breadth of choice also highlights how difficult it is to take out our top award of Best Super Fund - a title that goes to Hostplus.
1 mins
December-January 2026
Money Magazine Australia
WHAT SUPERANNUATION UPDATES DO PEOPLE NEED TO BE ACROSS?
Let's start with the fundamentals. From July 1, 2025, the superannuation guarantee rate increased to 12%, marking the final scheduled rise under current legislation.
1 min
December-January 2026
Money Magazine Australia
HOW CAN CONSUMERS GET A MUCH FASTER NBN SERVICE?
In September 2025, the NBN experience changed for millions of Australians. It got faster. A lot faster.
2 mins
December-January 2026
Money Magazine Australia
Make money from your home
From garden sheds to driveways, our homes could be hiding more earning potential than we realise.
3 mins
December-January 2026
Money Magazine Australia
HOW CAN CONSUMERS TAP INTO LOWER FEES?
Fancy an extra $5000 in your bank account? Walk this way. The common thread in this year's banking award winners' rollcall is the theme of higher savings.
2 mins
December-January 2026
Money Magazine Australia
HOW OUR WINNERS ARE CHOSEN
Hundreds and thousands of providers were examined to identify the award winners in the superannuation, managed funds, exchange traded funds, banking products and insurance categories in Money's Best of the Best 2026.
5 mins
December-January 2026
Money Magazine Australia
Crunching the numbers
Know the facts before taking the plunge with first- home buyer's schemes.
5 mins
December-January 2026
Money Magazine Australia
Profit and loss in the Pilbara
This solid miner is up against strong offshore headwinds.
3 mins
December-January 2026
Money Magazine Australia
Theory of adaptability
Whatever your thoughts about AI, it's here to stay and these are some of the humans doing great things with it.
2 mins
December-January 2026
Money Magazine Australia
Powerhouse of investing
Australian investors can choose from almost 400 exchange traded funds (ETFs). While this is great for investors, it can be hard distinguishing the merits of different fund managers. Our Best ETF Manager award sorts through the crowd, and this year, the top accolade goes to US-based BlackRock Investment Management.
1 mins
December-January 2026
Translate
Change font size

