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Wealth Simplicity I Rob Gilmour

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Market Update – Reality Comes To Australia

March 23, 2020 By Rob Gilmour

It’s been a time in history we will never forget.  Justifiably, markets have fallen into the quickest bear market in history.  Yet unlike the GFC, the problem at hand is very clear, COVID-19.  It is now up to the brightest minds in medical science who are collaborating around the world to develop treatments to ease the burden on health systems and create a vaccine so we can eventually live with COVID-19.

Federal Government Reduces Superannuation Minimum Drawdown and Provides Assistance for Retirees

Over the weekend, there were several new initiatives released by the Federal Government that could impact you. This includes a reduction in the minimum pension required to be drawn down in the 2019-20 financial year and the next financial year 2020-21.  Also announced were cash payments to households that include people that hold a Commonwealth Seniors Healthcare Care card.

Details can be accessed via the link below:
Federal Government Superannuation Changes and Assistance

Last week (18 March) I recorded a podcast with Phil Muscatello for Share for Beginners.  In this episode, I talk about the markets in more detail and how investors can approach such a volatile market.Details can be accessed via the link below:
Podcast – Looking Beyond the Noise

As always, these videos are not meant to replace a conversation, so please do not hesitate to reach out. You can book a time directly in my diary for a catch up by clicking the link below:
Book a meeting with Rob

Finally, during these difficult times, it’s hard not to get caught up in the emotion of what is unfolding in front of us, being calm and optimistic for the future will help us all get through!

The information provided should not be considered personal financial advice as it is intended to provide general advice only. The content has been prepared without taking into account your personal objectives, financial situations or needs. You should seek personal financial advice before making any financial or investment decisions.

 

 

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