How Safe is a Refundable Accomodation Deposit?
The team at Later Life Advice takes great pride in helping retirees make the right decisions when they move into aged care and retirement villages.
As part of our advice on managing ongoing aged care payments, we often recommend paying a Refundable Accommodation Deposit (RAD) as it can positively affect the overall cost of care.
A RAD can be in the hundreds of thousands or even millions of dollars, so it isn't surprising that we are often asked how safe that deposit is.
We've made a short video that explains how to find out what your Refundable Accommodation Deposits would be and other information relevant to the facility you're looking at.
Below is a map of all NSW Retirement Villages and Aged Care facilities sharing invaluable information, such as the star rating, rooms, costs, compliance, quality measures, staffing and, importantly, how residents feel about the provider.
Scroll around to your location and then click on the yellow dots for Aged care and the purple dots for Retirement Villages.
Given the details in the map, this is easier to use on a computer or tablet.
We're here to help you cut through the noise and paid Google ads to find accurate information that can benefit you and your family in the long term.
With over 20 years of experience helping retirees like you, our small, practical team is always happy to help you get the best result possible.