Hello Paul,

Could I please make comments on your article

1) Selling the home and buying another will incur stamp duties, agent commission and selling expenses - perhaps needs to be rethought

2) Paying a RAD has two problems - it increases the means tested fee and allows the provider to deduct 2% per year for 5 years

3) The HEAS will only allow $618 p/f ($16068 per annum). This is not enough to pay for shortfall.

4) An aged care loan, paid monthly will have less interest, not be means tested, and have no 2% deduction

Regards,

Paul

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