Managing uncertainty

Dealing with the effects of COVID-19 (coronavirus) on your retirement, investments, and insurance

FAQ: Investments and retirement

We're here to help with answers to questions such as, "Should I take my money out?" and "How long until the market recovers?"

See our FAQ

FAQ: Insurance coverage

How COVID-19 applies to your insurance coverage, whether you get it as an employee or you've purchased it yourself

Get answers

Featured article

4 options to consider if you need emergency cash

If you need cash to help you get through a transition period after being affected by COVID-19, you may have options to consider.

Photo of a couple looking for emergency cash options.

CARES Act and other legislation

A few key points

More flexibility

Required Minimum Distributions (RMDs) are waived in 2020.

Penalty-free withdrawals are available under certain conditions.

You can suspend loan payments for a year from a retirement plan loan under certain conditions.

$1,200 cash payment

Most Americans making less than $75,000 receive a one-time cash payment of $1,200.

Expanded unemployment insurance benefits

Unemployment insurance expanded with a $600 per week higher benefit through July 31, 2020.

Read the full story

What you need to know about the CARES Act

Learn what it means for you and your family.

Photo of a man who is understanding what the CARES Act means for his family.

How it affects your RMD

Your 2020 RMD: Take it or pass?

New guidance from the IRS expands your opportunity to rollover an RMD by August 31, 2020.

Photo of a woman who is considering whether she should take a RMD in 2020.

Staying invested during volatility may pay off.

The bottom line? Imagine you invested $100,000 on January 1, 2008. But the markets went down. Your balance dropped to $64,388 in one year.1

Move money into a CD

What would've happened if you’d moved your money to a CD with a guaranteed 2% return

Stay in the market

What would've happened if you kept your money invested in the market

The bottom line? Staying in the market could have meant 74% more after five years.2

Photo of someone looking at stock market performance on their phone.
Can you be friends with a bear (market)?

When it seems like investments are “on sale” do you jump in? And if so, where? How?

Photo reflecting the disconnect between the markets and the economy.
Economic commentary: a recap of Q2 and looking to Q3

What all the mixed messages may mean for your investments.

Whatever you need, we're here to help.

Thoughts on market volatility from our customer contact center people

  • Market volatility is normal.

  • It’s more about time in the market, than timing the market.

  • Make sure you have a well-diversified portfolio.

1 Example for illustrative purposes. Based on S&P Index returns as of December 31, 2007 through December 31, 2008. 

2 Example for illustrative purposes. Returns related to a 2 percent interest-bearing CD. Market returns based on S&P index returns as of December 31, 2008 through December 31, 2013. Past performance does not guarantee future results.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.