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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 costs can be exorbitant, but be careful before you lend money to your parents for it.

Thinking of lending your parents money for aged care? Check this first

When a parent moves into residential aged care, it’s common for adult children to want to help out financially. But they should think twice.

  • Rachel Lane

Latest

More aged care beds are urgently needed.

‘Time they don’t have’: Why Labor’s aged care fix fails vulnerable retirees

Senior Australians have been waiting for a change in policy to help them access the care they need. The federal budget will take them halfway there.

  • Rachel Lane
Paying for your partners aged care costs could be a double-edged sword.

Paying for your partner’s aged care? Don’t make this $750,000 mistake

Increasingly, spouses are stepping in to fund aged care costs. But what starts as an act of generosity can become a financial and emotional minefield.

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

The massive ‘care gaps’ exposing Australia’s aged care crisis

The reality is this: if you want to stay at home, you need to plan not just for the cost of the care you will receive, but also for the care you won’t.

  • Rachel Lane
If one member of a couple needs aged care, it can severely limit the income of the other.

How our aged care system is pushing couples to the brink

For many couples, paying for aged care becomes a one-sided sacrifice, one which can see one member pushed to the financial edge.

  • Rachel Lane
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
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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