Formal residential aged care is accessible to people who require assistance with the activities of daily living. Residents with the minimum care needs are usually able to move about indoors independently but may require some help with personal care and medication management.
Lifestyle communities, retirement villages, assisted living apartments, independent living apartments and lifestyle residences offer mentally active people choices of housing styles and support services.
Lump sum payments on retirement and compensation settlements need to last a lifetime. Funds released by a change of residence or an inheritance, bring their own challenges.