COVID-19 - Stay Informed!

COVID-19 Financial News & Observations

Our first priority is helping you take care of yourself and your family as uncertain life events arise. We want to learn more about your personal situation, identify certain issues and plan for your goals. In this time of uncertainty, we thought these articles would aid you in feeling a little better concerning market volatility amid the coronavirus pandemic.

Lessons from Coronavirus: Protecting Your Retirement Funds During Stock Market Crash

Kathy Pierce | March 2020

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The haunting news of the coronavirus, called COVID-19, unleashed its fury on the stock market in February. Fears escalated, sending stocks off a cliff. No sector was safe as panicked sellers aggressively began to unload. The speed at which the Dow tumbled into correction territory was stomach-churning. The last time the stocks slid into such a deep ravine was during the Great Recession of 2008.

Indexed Annuities: The Good, the Bad, and the Truth

Stan Garrison Haithcock | March 2020

Annuities, a financial product offered by insurance companies, can provide you with an income stream that you can't outlive. With many companies no longer providing pensions, annuities have become an appealing option to round out your financial plan. The only challenge is wading through the various annuity types and figuring out which one is best for you. An indexed annuity is one popular option, but you should review the terms carefully before buying one.

Lincoln Retirement COVID-19 Video UPDATE

Jamie Ohl | March 2020

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Lincoln Financial Group’s EVP and President, Retirement Plan Services Jamie Ohl discusses the recent market volatility driven by COVID-19 and how to stay the course on your retirement plan.

ACLI Explains Annuities

Kathleen Coulombe | March 2020

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Americans are living longer than ever, many 20 to 30 years after they retire. A solid financial plan for retirement means more than just setting—and reaching—a savings goal. It’s important that you have enough money to meet your financial needs for many years. One way to guarantee a steady stream of income for life is through an annuity. An annuity is an insurance contract that can help you build savings for retirement and convert your savings into income you cannot outlive.

ACLI | Peace of Mind in Retirement

March 2020

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Planning for retirement -- and keeping that plan on track -- can be difficult. You have to make sure your money grows so that it lasts as long as you do. There's a product offered by life insurers that helps people with this challenge. It's called a variable annuity.

How COVID-19 May Impact Your Retirement Planning

Eric Brotman | March 2020

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The world has been in a panic since the outbreak of coronavirus, causing almost unprecedented market volatility. Some have been quick to compare this to the credit crisis of 2008 that lasted five years. Depending on the duration of the health crisis, I foresee it more closely mirroring the financial events that followed the attacks on September 11, 2001—sharp drop in the market that recovered relatively quickly.

How Can I Protect my 401(k) From a Coronavirus-Driven Market Downturn?

Alessandra Malito | March 2020

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How can investors protect their 401(k) and other retirement savings from being depleted when they’re watching the stock market drop? All three major stock indexes fell at the market open on Monday. The S&P 500 US:SPX fell more than 7%, causing a halt in trading for 15 minutes, while the Dow Jones Industrial Average US:DJIA fell more than 5% and the Nasdaq Composite US:COMP was down 4.3% that morning. The indexes rebounded at the open on Tuesday.

The Coronavirus Pandemic And Your Retirement Accounts—What You Should And Should Not Do

Teresa Ghilarducci | March 2020

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Most economists, me included, expect the Coronavirus outbreak to cause a recession. Since many people made bad financial investment decisions in the last recession, I am writing to remind us what to do and what not to do. But let me start with two important considerations. First, pause with gratitude if you have a retirement account—nearly half of workers do not. If you don’t have a retirement plan this is a good time to get one.

Your Money and the Coronavirus: You Asked, Experts Answered

Tara Siegel Bernard, Ann Carrns, Jeff Sommer and Ron Lieber | March 2020

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The coronavirus is officially a pandemic. The bull market is officially over. None of us knows what comes next. It’s hard to make rational financial decisions when there’s so much uncertainty. We asked readers of the Your Money newsletter what most concerns them right now.

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