Currently there are 169,387 confirmed cases of COVID-19 worldwide, and more than 30 million American children will stay home as schools close across the United States on Monday. American life has been put on hold as we know it, with a large majority of bars, restaurants and large gatherings all ceased in major cities.
Financially, The Federal Reserve took drastic measures on Sunday night and cut the benchmark interest rate to zero in an effort to stabilize the markets. It appears this helped little as stocks plunged with the S&P 500 down 10.01% as of 10:30ET this morning, according to the Wall Street Journal.
So, what does this all mean for you?
You’ve probably established some financial goals by now and if you’re able, you should continue to maintain the discipline developed through the years. Try to focus on the long-term and not short-term fluctuations of the market.
And of course, if you’re nearing retirement, you don’t want all your hard-earned money washed away in the current market turmoil!
GPIS Federal Benefit Experts are Here to Help!
We have experts standing-by who work with federal employees just like you. Our federal benefits specialists are experts at protecting your assets from downside market risk while also providing upside growth opportunities for future years. GPIS’ top priority is making sure each federal employee we work with retires with the peace of mind that comes from knowing they made the right decisions to maximize their federal benefits and have adequate retirement income.
Your FREE Retirement Analysis will cover:
✔ Determining when you can retire
✔ Your Social Security benefits and how they work
✔ FERS & CSRS retirement options
✔ FERS special supplement information
✔ Maintaining enough health insurance through retirement
✔ Survivor benefit options
✔ Civil Service off-set and retirement info
✔ How to properly fill out your retirement paperwork
Don’t forget that in these turbulent times, GPIS is here to help!
 Latest numbers according to data compiled by Johns Hopkins University, as of 6:30 a.m. ET.
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We are here to help. Our goal is to provide you with the knowledge and tools to make educated decisions when it comes to your benefits and retirement. Contact us today!