Consumer Information is a radio segment brought by NSW Fair Trading, the consumer protection agency. Steve Lee of the NSW Fair Trading joins SBS Korean program to give information about what you should consider when you seriously think to move into a retirement village.
A retirement village is a residential complex where residents have entered into a contract with the operator of the complex, either to occupy the premises and/or to receive services. Retirement villages are mainly or exclusively occupied by residents who are aged over 55 years, or who have retired from full-time employment.
Moving into a retirement village is an important financial decision and lifestyle choice.
Benefits can include a home that is easily maintained, in a private and secure environment with people of a similar age. However, retirement village residents are not automatically entitled to aged care services, even if these are on site.
Prospective residents should explore different villages and learn about the costs involved.
The full interview with Steven Lee is available on the podcast above.
Steven Lee of the NSW Fair Trading joins SBS Korean program Source: SBS Korean Program
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