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.

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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: The new economic stimulus package

A few key points about the new legislation

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 is expanding with a $600 per week higher benefit for up to four months.

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.

Staying invested during volatility may pay off.

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

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How staying invested can help you in the long run

It’s never about timing the market. It’s more about time in the market.

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We’ll get through this together.

Our CEO, Dan Houston, on how we’re helping

  • Working with employers to ease access to retirement funds

  • Freezing or eliminating certain fees for individuals

  • Extended payment grace periods for employee benefits

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.