I want to keep moving – Andy

by JBS Financial 12:46 am 26 Sep 2017

I’ve always been a very active person and have always appreciated the benefits associated with staying active and fit. However staying active was a lot easier when I didn’t have responsibilities such as mortgages, bills and kids. If you’re like me and work in an office then you’ll understand that I don’t move around much at all during work hours and laughing doesn’t really count as exercise. Also throw in there the complications with public transport such as all the delays and cancellation of trains and all of a sudden finding the motivation to exercise becomes a monumental task. So it really does come down to the passion I have for exercise and staying fit, which pushes me to find new ways to keep active.


It was only after our second child was born that I started to take notice of how little exercise I do every day. My pre–kids weekly routine would be going to the gym between 3 – 4 days a week and sometimes I’d play a quick game of indoor soccer with the boys. However after our second child was born, that dropped to a nice round number of 0 days at the gym. As my partner doesn’t work and looks after the kids all day, she can’t wait to unload them on me as soon as I’m home. The kids in turn love hanging onto daddy as he’s the one who bends easily and gives them unlimited treats. Then on the weekends, it would be either taking the family out, gardening or visiting friends and families. So there really is no time for exercise.


I figured if there’s any time to fit in exercise it would have to be during the weekdays. The question was how? One fateful day the trams weren’t running, due to ‘another’ fault. As such I was forced to walk the entire 2 kilometres to work. After walking the distance once I figured it wasn’t such a big deal and in fact it worked in my favour as walking the distance was a form of light cardio. Also during the weekdays I’d notice that sometimes by the time I get home, the kids would be fast asleep after a day of running amuck. This gives me clear passage to grab my gym gear and run out the door. Although it’s not consistent I usually get 1 -2 days of gym a week. This meant I was getting 1 -2 days of weight exercises as well as 3 – 4 days of light cardio a week, by walking to work.


As personal trainers would tell you, training hard is not enough you also have to eat right. Having the correct and balanced diet also plays a crucial role in staying fit and active. In my case however, I can’t help but eat all the foods which are on top of the food pyramid. So what do I do instead? I just eat less during each meal and reduce my sugar intake to bare minimum, except for Fridays where I treat myself to chocolate at work, with the promise that the JBS team will do Tough Mudder training the following week. The training never seems to go ahead as planned for some reason.



Trying to stay active and fit in our modern lifestyle is never easy. However if we have a reason to stay healthy and active, we will always find ways even if it’s by accident. For me it’s not just for myself but also for my family. After all I still want to be able to keep up with my son at physical activities when he gets older so he can’t laugh at me.


– Andy Lay –

Ins & Outs of Aged Care

by JBS Financial 3:57 am 19 Sep 2017

It’s hard to be passionate about Aged Care and in fact a lot of the time it’s very overwhelming and daunting, and can be a very emotional time for the family when they have to move a loved one into care.


Often one of the biggest questions is how do we fund it!? Especially when it comes to paying the Refundable Accommodation Deposit (RAD), with most people then stressing over what to do with the family home? Add onto that the fact it can be something that could be time critical, and selling a home isn’t something that can be done overnight.


The good thing is that this isn’t the only option you have. Although most Aged Care providers will probably try to make you pay a RAD, you actually don’t have to straight away. In actual fact you have 28 days from the date you enter Aged Care to make a decision on whether or not you have to pay a full or partial RAD, or if you want, you could even pay a Daily Accommodation Payment (DAP) or a combination of both.


If you elect to pay a DAP at a later time you can then decide to pay a RAD, but it doesn’t happen the other way around, so if you select RAD as your payment, unfortunately you’re stuck on this option. If selling the family home is the only viable financial option, by selecting a DAP you have the flexibility to not rush to sell the home and can instead pay the DAP up until the home is sold and when you can afford to pay the RAD.


However, the DAP isn’t necessarily cheap either, it’s normally worked out based on what RAD you are required to pay to secure a room. For instance, if the RAD is $450,000 and the current Maximum Permissible Interest Rate (MPIR) is 5.73%, then your DAP is $70.64 per day ($450,000 x 5.73%) / 365. If you pay a part RAD then you’re also required to pay a part DAP, and an option you have is to have the DAP deducted from the RAD to help ease cash flow.


Now you can see why it’s hard to be passionate about Aged Care, you have RAD’s, DAP’s, MPIR’s, and a whole lot of other acronyms that are hard to get excited about, and we haven’t even gone into all the fees yet, yikes!


Here at JBS we are passionate about helping our clients through every stage of their life including assisting their loved ones make decisions around Aged Care. When the time comes, rather than stressing about what to do, pick up the phone and talk to JBS. We can help assess what the best option is for you or your loved one and help you put in place a strategy to help fund Aged Care, and where possible help to reduce the impact of the fees.


– Peter Folk –

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