private nursing
The financial impact extends beyond lost income—it also includes the long-term consequences of missing career advancements, and the opportunity costs associated with stepping back from work.
Choosing the right medical scheme in South Africa can be challenging due to the wide range of options available. For network medical aid plans, an adult dependant might pay between R1,100 and R3,500 per month. Mid-range plans with good hospital
Home nursing is unaffordable to most families and can cost anywhere between R8 000 and R30 000 per month depending on the level of care required – bearing in mind that dementia care is a specialist field of nursing which,
It is estimated that in the last five years of life, total healthcare spend for dementia patients is almost 60% greater than the costs associated with death from other diseases, including cancer and heart disease – although keep in mind
The estate planning mechanisms required to assist with the management of a dementia patent’s affairs also come at a price. Where someone has an early dementia diagnosis, setting up a Special Trust Type A to house the assets of the
The transition from full-time work or employment to full-time retirement is a notoriously difficult one, with boredom, lack of fulfillment, and depression being common amongst retirees. Be realistic about what a ‘day in the life’ of your retirement will look
Common diseases which are a function of aging include cancer, dementia, Alzheimer’s disease, heart and vascular diseases, Parkinson’s disease, hearing loss, cataracts and refractive errors, osteoarthritis, diabetes, and depression – and, sadly, many aged people tend to suffer from several
If you are dependent on generating some form of income in your retirement years, it is wise to consider your prospects of re-entering the workforce if your ideas for earning income don’t come to fruition. If there’s even a remote
Planning to live a long life also requires that you give careful consideration to your investment strategy, bearing in mind that a thirty-year period is considered a long-term investment horizon. If you are invested too conservatively by taking on too
