2020 – Page 27

Why it’s important to think about insurance ahead of retirement

Finding the right level of insurance cover is important when you’re thinking about retirement. If retirement’s coming up on your horizon, the impact of COVID-19 (coronavirus) may have thrown a warehouse-sized rack of spanners in your planning. It makes sense to concentrate on things you can control, such as insurance. Too-high premiums can chew away at the foundations of your savings, at a time when they’re more important than ever. Under-insure and one …

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Covid-19: Temporary changes to minimum pension payments | Q&AMP

Covid-19: Temporary changes to minimum pension payments In response to coronavirus (Covid-19), the Australian government has temporarily reduced the minimum drawdown for account-based pensions by half. AMP Capital senior economist Diana Mousina and technical services manager Fabian Bussoletti discuss the changes in minimum drawdown amounts and how it can benefit retirees. Watch to find out what the temporary reduction in superannuation minimum drawdown rates can mean for your retirement savings and future income payments. 0:42 …

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How to protect your mental health during the COVID-19 pandemic | Money & Life

If you’re feeling worried about the impact of COVID-19 on your financial wellbeing, you’re not alone. CoreData reports that 81% of Australians are fearful about the potential impact of the pandemic on their personal finances and the broader economy. While it is a challenging time in many respects, the added burden of financial stress can be especially hard on your mental health. Severe financial stress can lead to symptoms of anxiety and depression, even triggering …

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Managing your financial health during the COVID-19 pandemic | Money & Life

Managing your financial health during the COVID-19 pandemic With so much uncertainty about, good financial planning is more important than ever. A quick financial health-check can help you weather the pandemic and reach your financial goals. The COVID-19 pandemic has certainly disrupted our daily lives, forcing us to close entire industries and change our behaviour overnight. With the lockdown directly affecting jobs and the economy, many people’s thoughts quickly turned to their finances. Corey Wastle …

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7 little ways to be better with money | Money & Life

7 little ways to be better with money Forget New Year’s Resolutions that never work. Discover these 7 essential ways to change your money mindset and behaviour for good and feel richer for decades to come. 1. Develop your own value One of the most important investments you can make is in yourself. Whether that’s reading up on something that interests you, improving your skills and education, getting expert support from a coach or mentor …

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After the Bell: daily market update, May 4 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, May 4 04 May, 2020 Chief economist Shane Oliver runs through what was a solid day in local markets, as well as providing an update on the tensions flaring overseas between China and the US. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited …

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Staying afloat through the crisis

Staying afloat through the crisis If you had asked me when I wrote my last piece for Financy what I would be writing about this quarter, I could never, in a million years, have predicted that it would be about a global pandemic. We’re dealing with a health crisis that no one in our lifetime has experienced, which is having an impact on global and domestic economies that no one could have forecast. Entire industries – tourism, …

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After the Bell: daily market update, May 1 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, May 1 01 May, 2020 Big fall in Aussie markets today and some rattles in global markets as Trump stirs up talks of tariffs. We speak to portfolio analyst Brad Creighton about the day that was in markets and the week that was in data. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 …

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Market Update 01 May 2020 | AMP Capital

Market Update 01 May 2020 Investment markets and key developments over the past week Despite sharp falls late in the week, share markets rose over the past week as whole as news of an easing in lockdowns continued. While the Australian share market pulled back sharply on Friday led by material and property stocks, it still saw a solid gain for the week as energy, IT and consumer discretionary stocks soared. The pullback late in the …

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What does the share market need to see now? | AMP Capital

Share markets have rallied in the last month, but they’re well off their pre-coronavirus highs. Here, we look at what markets might need to see before strengthening again. Lockdown restrictions are starting to ease now across Australia, albeit slowly. At the federal level, the government has always maintained that schools are a safe place for children, and is now urging parents to send their children back. State leaders in NSW, Queensland, the Northern Territory …