Find a helping hand for your financial retirement plan

A happy retirement often starts with asking the right questions and when it comes to planning your finances, a helping hand can go a long way!

Seeking advice from a financial planner is a great option for anyone looking to retire in the coming years, however it’s also important to ensure you’re getting bang for your buck, so to speak.

Offering her sound retirement planning advice is Rachel Lane of Aged Care Gurus, who believes that asking all the right questions to find the top person for the job, may be one of the most important decisions you make in your retirement planning.


When it comes to financial advice and financial advisors in particular many will say that they specialise in “retirement planning”. It’s important to understand that what they are talking about is how best to manage superannuation, applying for age pension and other key elements of financial planning for your retirement years. What they are typically NOT specialising in is retirement housing – things like granny flats, retirement villages and land lease communities and the various financial implications these can have. So if you are looking for a financial advisor to help you with your Retirement Planning and you want someone who understands the various financial planning strategies, pension and rent assistance implications and the amount you are likely to receive when you leave (which may be to move into aged care) then you need a Retirement Living and Aged Care Specialist®. How do you know if your adviser is a Retirement Living and Aged Care Specialist? Just ask. If they’re not, you may want to ask some further questions like, “How long have you been advising people on moving to a Retirement Village?” for example. You should also certainly ask about what other qualifications they have – ideally you want to see that they hold a Masters in Financial Planning or are a Certified Financial Planner (CFP).


Andrew Winter of Selling Houses Australia, Resident Tony Lynch from Parkland Villas Woodlands and Aged Care Gurus Founder Rachel Lane


Seeking advice from someone who doesn’t specialise isn’t necessarily going to mean that you don’t get the best advice. But it is likely that the person won’t be up to date with all of the relevant rules and regulations as well as any new products/services in the market that can best meet your needs.

It’s also likely that as a result of the fact that they don’t specialise, it will take them longer to research and develop your advice – if you are paying based on the time taken then, in a nutshell, it will cost more. This is what I call “school fees” because you are paying for the adviser’s learning.