When the coronavirus pandemic hit financial markets in March 2020, almost 40 per cent was wiped off the value of shares in less than a month.i Understandably, many investors hit the panic button and switched to cash or withdrew savings from superannuation.
With the benefit of hindsight, some people may be regretting acting in haste. Although for others, accessing their super under the early release due to COVID measures was a difficult but necessary decision at the time.
As it happened...
New COVID Support from Federal and NSW Government
On 13 July 2021, the Federal and NSW Governments announced extra support for NSW residents impacted by the latest Sydney lockdown. Here is a summary of the support now on offer:
Federal support - Covid-19 Disaster Payment
a payment of up to $600 per week (up from the previous $500) for individuals impacted by Covid lockdowns.
The full $600 payment is for workers who have lost more than 20 hours of work per week.
Investing in recovery
In his third and possibly last Budget before the next federal election, Treasurer Josh Frydenberg is counting on a new wave of spending to ensure Australia's economic recovery maintains its momentum.
As expected, the focus is on jobs and major new spending on support for aged care, women and first-home buyers with some superannuation sweeteners for good measure.
With the emphasis on spending, balancing the Budget has been put on the back burner until employme...
How Financial Advice can pay good dividends during tough times
In a period of market instability due to COVID and low interest rates, many investors are struggling to know where to invest. For those at or nearing retirement, the struggle is even greater. Cash and term deposits used to be considered a safe haven, but with interest rates at historical lows, more investors are being pushed to consider alternative investments.
It may be tempting to jump on the latest trending in...
19 November 2020Read More
Getting Retirement Plans Back on Track
After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or an uncertain investment outlook.
Whatever your circumstances, a financial tune-up may be required to get your retirement plans back on track. You may even find you're in better financial shape than you feared, but you wo...