Anxiety over our health is being matched by anxiety over our finances as the full force of the coronavirus becomes apparent across Australia.
Australians have seen their super balances fall alongside world markets, a devastating impact on their day-to-day finances as work dries up and growing uncertainty about the long-term impact on their families’ fortunes.
David Haynes, head of policy for the Australian Institute of Superannuation Trustees, and Angus Sullivan, Group Executive Retail Banking Services at the Commonwealth Bank, today fielded questions from News Corp readers about how best to manage their finances as the coronavirus pandemic continues.
They urged Australians to speak with their superannuation funds or financial advisors as markets become increasingly volatile, but said history showed there will eventually be a rebound.
Here’s what else they had to say:
Q. We are self-funded retires. We have his super investment in conservative and mine in balanced. We are about 5 and…