Macquarie University has made available an online retirement village calculator to enable retirees to estimate and compare the costs of moving into a retirement village.
The calculator, developed by Associate Professor Tim Kyng of the Faculty of Business & Economics, estimates the relative costs of different retirement village contracts – allowing potential residents to compare contracts and their features.
Professor Kyng developed the calculator after having his own frustrating experience while assisting his mother in choosing between retirement villages.
The retirement village calculator project was funded by a grant from Financial Literacy Australia.
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