The recent crisis facing the global economy is unprecedented and markets are reacting (as you would expect) with volatility. Historically, events like this in the past have resulted in short term panic until there is some kind of clear vision of normality returning – and it will at some point.

For those with a SMSF and for those nearing retirement, it can be a stressful time. While this anxiety is natural, it is important to understand that superannuation is long term strategy and that retirement strategies can be planned to weather this storm. While you can certainly reduce risk by looking closely at your current position and asset classes, this requires a level head and the need to resist the urge to act on impulse.

And let us not forget the current financial crisis may also present many opportunities for growth, provided you make the right decisions at this time, taking into account all factors and your own financial position.

Our experienced team of business advisers, accountants, wealth management experts, insurance consultants and financial planning experts are across the unfolding issues and understand the new government support programs. We are making special times available to provide personal and tailored advice for our clients looking for a helping hand in these uncertain times. I urge you to make an appointment soon so we can talk through the options, and to reassure you that, with guidance, this is a situation that can be managed and the wellbeing of your business and your family protected.

As they say ‘this too will pass’: we just need to hang in there for a rough ride in the meantime. Be assured we have an experienced and dedicated team to help you in these situations, and to ramp up again when the skies have cleared.