Pinnacle Private Wealth Pty Ltd

Wishing all our lovely clients and colleagues a safe and prosperous Christmas and New year.

Glad to see our lovely clients appreciate what we do for them.

Check out this week’s best reviews from some very happy clients:

Mel Tull of Viridian Advisory in Warners Bay, NSW
"Mel has given us a range of financial options, and has always been open to our ideas for a solution... She always gets back to us when we make an enquiry. We feel really secure in accepting her advice and have been very grateful for her services. Thank you Mel."
⭐⭐⭐⭐⭐ from Ian, 65+ years

Ben Marlow of Direct Wealth in Paddington, QLD
"Ben has been wonderful to deal with. His good humour, friendly manner, professionalism, honesty and straightforward advice has been greatly appreciated... He is also a good listener which gives us confidence in knowing he has our best interests at heart. We look forward to working with Ben in achieving our financial goals."
⭐⭐⭐⭐⭐ from Stephen, 65+ years

Judy Dolan of Power Financial Planning Pty Ltd in Upper Mount Gravatt, QLD
"It's just like catching up with a friend when we see Judy at our yearly meetings. We always leave feeling that she has our best interests at heart, and that makes us feel secure. We are happy to leave Judy in charge of our investments."
⭐⭐⭐⭐⭐ from Di, 65+ years

Rob Galey of Pinnacle Private Wealth Pty Ltd in Sydney
“Rob's knowledge about his products are second to none. He explains every facet of my portfolio in great detail, which leaves me in no doubt that he is looking after my best interests."
⭐⭐⭐⭐⭐ from Darryl, 65+ years

Lest we forget.

The escalation in Ukraine tensions – implications for investors.

http://pinnacleprivatewealth.com.au/news/47472

Pinnacle Private Wealth - News The last few days have seen a sharp escalation in the situation between Russia and Ukraine, with Russia recognising the independence of two regions in the Donbas area of eastern Ukraine controlled by Russian separatists and ordering Russian “peacekeeping” troops into the regions.

Wishing all our lovely clients, colleagues and contacts a very Merry Christmas and a prosperous and healthy New year!

Aussies are losing millions to financial scams: Here’s how to spot one.

Financial scams are booming in the wake of the COVID-19 pandemic, leaving thousands of people out of pocket. Investment scams in particular have surged, costing victims more than $26,000 on average. Here are some key signs to look for.



http://pinnacleprivatewealth.com.au/news/46682

Pinnacle Private Wealth - News Scams and cybercrime are booming in the wake of the COVID-19 pandemic, leaving thousands of people out of pocket. Investment scams in particular have surged, costing victims more than $26,000 on average.

Here is a practical approach to creating a retirement plan that will help enable financial peace of mind.

http://pinnacleprivatewealth.com.au/news/46556

Pinnacle Private Wealth - News Many investors concentrate on building their nest egg during their working lives to pay or help pay for their retirement but fail to give enough attention to planning for a retirement that may last 25 years or longer.

It seems the bad news on coronavirus doesn’t let up. The lockdown in NSW has been extended. There is endless debate about whether governments are doing the right thing, whether the vaccines will work, and when we can reopen.
However, there is light at the end of the tunnel. Here are five reasons why investors can feel reasonably optimistic.

https://www.pinnacleprivatewealth.com.au/news/46573

Pinnacle Private Wealth - News It seems the bad news on coronavirus doesn’t let up. The lockdown in NSW looks like going longer. There is endless debate about whether governments are doing the right thing, whether the vaccines will work and when we can reopen. And coronavirus cases are on the rise again, globally posing risks t...

the Morrison Government announces an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022.

https://www.pm.gov.au/media/supporting-retirees-extension-temporary-reduction-superannuation-minimum-drawdown-rates

Supporting retirees with extension of the temporary reduction in superannuation minimum drawdown rates | Prime Minister of Australia Today the Morrison Government announces an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022. As part of the response to the coronavirus pandemic, the Government responded immediately and reduced the superannuation minimum drawdown rates...

Welcome to our latest Informed Investor newsletter - May edition.

In this issue we cover:

1. Market Update and economic commentary
2. Your investment options and strategy
3. Good news: Super contribution caps to rise
4. Saving for your child’s future
5. Transfer balance cap set to increase to $1.7 million
8. Learning the lessons of 2020: An extraordinary year

Wishing all our lovely clients, friends and colleagues a wonderful Easter 🐣

Ever Given ship blocking the Suez Canal successfully freed minutes ago.

https://egyptianstreets.com/2021/03/29/ever-given-ship-blocking-suez-canal-successfully-freed/

Ever Given Ship Blocking Suez Canal Successfully Freed | Egyptian Streets Ever Given, the 400-meter-long ship blocking Egypt’s Suez Canal, has been freed, reports local Egyptian media. Just before sunrise local time on Monday, the Suez Canal Authority had announced fresh attempts to re-float Ever Given using 10 large tug boats. Video posted on social media showed the sh...

过年好
Wishing all our lovely clients, friends and colleagues a prosperous and safe year of the Ox!

How much should you have in your superannuation at your age? And are you on track to a comfortable retirement?
Thanks to our colleagues at BT for sharing.



https://www.bt.com.au/personal/superannuation/campaigns/how-much-super.html?cid=bt:sp:7465777769822101:edm::003748

How much should I have in my super? | BT Knowing what you should have in your super at your age can help you determine if you’re on track towards being able to fund a comfortable retirement.

Wishing all our colleagues, friends and clients Season Greetings and a Prosperous New Year!

Latest key economic Indicators in Australia, thanks to our colleagues at RBA for sharing

Although it may not seem like it yet, your superannuation savings are likely to be one of your greatest assets as you approach retirement. Here we look at some of the key ways you can make sure your superannuation savings are working hard for you.

http://pinnacleprivatewealth.com.au/news/45115

Superannuation 101: Your guide to a happy retirement

Pinnacle Private Wealth - News Pinnacle Private Wealth Pty Ltd is a Corporate Authorised Representative (No.1240358) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services Licence No.223135.

Shares remain vulnerable to short-term setbacks given uncertainties around coronavirus, the speed of economic recovery, the US election and US/China tensions. But the positives should keep any pullback to being a correction and on a 6 to 12-month view shares are expected to see reasonable returns.

To help you complete your tax return, especially if you’ve just started working from home for the first time,
this checklist outlines income and expenses you need to disclose to the Australian Taxation Office (ATO)
when lodging your return. We’ve also provided an overview of the types of tax off sets and deductions you
may be entitled to claim plus other handy tax tips.

http://pinnacleprivatewealth.com.au/news/44643

Pinnacle Private Wealth - News To help you complete your tax return, especially if you’ve just started working from home for the first time, this checklist outlines income and expenses you need to disclose to the Australian Taxation Office (ATO) when lodging your return. We’ve also provided an overview of the types of tax off...

With the end of the financial year fast approaching, now is a good time to take stock and get your finances in order.
Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the impact of COVID-19) means many of us are facing unexpected pressures in a changing economic environment.
Here are some tips and strategies to consider as 30 June approaches.


http://pinnacleprivatewealth.com.au/news/44622

Pinnacle Private Wealth - News Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the shadow of COVID-19 (coronavirus) means many of us face unexpected pressures in a changing economic environment.

The widespread coverage of wide-ranging opinions of COVID-19 and its impacts on the economy can be confusing. Some reports are hopeful of antiviral drugs, while others say a vaccine is at least a year away.
There is talk of curve flattening but still rising cases and deaths. There is news of an easing in restrictions but also concerns about potential “second waves.” Here is a summary of where we are at.

pinnacleprivatewealth.com.au/news/44456

Pinnacle Private Wealth - News The blanket coverage of coronavirus and its impact on the economy can lead to a lot of confusion. Some reports are hopeful of anti-viral drugs, others say a vaccine is at least a year away. There is talk of curve flattening but still rising cases and deaths. There is news of an easing in lockdowns b...

We’ve all seen the headlines about the human toll of the Coronavirus, the costs to the economy, the loss of jobs and livelihoods and future plans thrown into turmoil as events continue to unfold.
If your financial situation has been adversely affected by unexpected unemployment, loss of business income, or a steep decline in your retirement savings and investments, we can help.
We are available to help you, or someone you care for to make the most of a difficult situation and to navigate a path forward. Now isn’t the time to go it alone.
To find out how we may be able to assist, read more below.

Multiple sources of help and explanation of the relief packages and programs our Governments have recently introduced. All relate to Covid-19 so that you don't have to hunt for information or miss out.

http://pinnacleprivatewealth.com.au/news/44222

Pinnacle Private Wealth - News Multiple sources of help and explanation the relief packages and programs our Governments have recently. All relate to Covid-19 so that you don't have to hunt for information or miss out. Your financial planner and accountant can help with any question you have.

Stage 2 – Covid-19 stimulus package.

Detail on what the second stimulus package means to your hip pocket, Centrelink payments and staff retention.

http://pinnacleprivatewealth.com.au/news/44160

Pinnacle Private Wealth - News The Federal Government has decided to allow financially stressed people to access $10,000 tax free of their super fund this financial year and $10,000 next financial year.

The sharp falls in share markets and the continued spread of the Coronavirus has many people worried about the future. It’s impacting many aspects of life at present, including investment markets. Here we look at five charts on investing to keep in mind in rough times like these. #

The Reserve Bank of Australia reduces rates by 25 basis points to 0.25%, alongside other measures

https://www.rba.gov.au/media-releases/2020/mr-20-08.html

Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system.

PM launches $17.6 billion virus stimulus plan to curb the economic impact of the coronavirus and keep “Australians in jobs and businesses in business”.

http://pinnacleprivatewealth.com.au/news/44079

Pinnacle Private Wealth - News The Prime Minister has announced a stimulus plan to curb the economic impact of the coronavirus and keep “Australians in jobs and businesses in business”.

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent. The Board took this decision to support the economy as it responds to the global coronavirus outbreak.

https://www.rba.gov.au/media-releases/2020/mr-20-06.html

Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent.

The spread of the Coronavirus beyond China’s borders has led to sharp falls in share markets in Australia and overseas. Should a pandemic eventuate, this could leave shares vulnerable to more near term falls.
While share market volatility is unsettling, the key for most investors though is to recognise that periodic share market falls are inevitable and hard to time and so it’s best to take a long-term approach to investing.