Is it worth borrowing for aged care?

By Noel Whittaker
Updated June 19 2017 - 9:53am, first published June 8 2017 - 1:16am

I am 80 and living in a retirement village. I wonder what might happen if I or my wife had to move into a care home. I understand some of these care homes require a bond in the region of $400,000. At the moment we have a superannuation of about $900,000.

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