Compassionate conversations about aging parents with Nick McDonald

Money & a Good Life

The empowering conversation that can give your aging parents more independence, dignity, and joy in their later years.
Australia’s population is aging. It’s projected that in the next 30 years the proportion of people over 65 will reach 22 per cent. What this means is more and more middle-aged Australians (those typically 45 - 64 years old) will find themselves thrust into the role of managing the care for parents or elderly relatives.
But there’s a problem. Many of us shy away from the conversation about what those elderly years are going to look like – and the options for maintaining a quality way of life – until we’re forced to when a crisis hits.
That’s where our very special guest, Nick McDonald from Prestige Inhome Care, can help. Nick is one of Australia’s leading voices in removing the stigma and confusion around navigating the complex world of elder care, in particular advocating for living independently with dignity at home.
In this in-depth discussion with Ryan and Steph, Nick answers in simple terms the most frequently asked questions around aged care, from the government schemes available and costs involved, through to the steps for accessing support and how to get the conversation going within the family. Nick also shares his very personal story of managing the care for his mother with dementia and how that shaped his own view towards caring for our aged.
What you'll learn:

• How to start the conversation about aging care with resistant parents
• Why home care is increasingly becoming the preferred alternative to nursing homes
• Understanding government funding options that make in-home care affordable
• Red flags to watch for when choosing care providers
• Simple first steps to introduce care services that elderly parents will accept
• How staying at home improves quality of life and family relationships
• The importance of estate planning and documenting wishes early

Here’s to your Good Life (and your elderly loved ones). And thanks for listening.
You can find us at https://www.tribecafinancial.com.au/
Our guest:
Mick McDonald, CEO and Founder, Prestige Inhome Care
Connect with Nick: https://www.linkedin.com/in/nick-mcdonald-36777426/
Visit Nick’s website: https://www.prestigeinhomecare.com.au/
Our hosts:
Ryan Watson, CEO, Tribeca Financial
Follow Ryan: https://www.linkedin.com/in/r-watson/
Stephanie Coombes, podcast expert and media strategist
Follow Steph: https://www.linkedin.com/in/stephanie-coombes-62903825/
Tribeca Collective Pty Ltd, ABN 54 604 005 209 trading as Tribeca Financial has been appointed as a Corporate Authorised Representative (CAR No.1008603) of My Dedicated Advisory. My Good Life ® is a registered trademark of Tribeca Collective Pty Ltd.
Advice given in this podcast is general in nature and is not intended to influence decisions about investing or financial products. Our listeners should always seek their own professional advice that considers their own personal circumstances before making any financial decisions.
Tribeca Financial acknowledges the Traditional Owners of Country throughout Australia, and we pay our respects to Elders past and present.