On June 19, 2020, the IRS released Notice 2020-50 to help participants take advantage of coronavirus relief provided under the CARES Act. The Notice includes guidelines for expanded qualification criteria, a safe harbor example with a one-year extended payoff date for loans with suspended repayments, and cancelation of deferral elections to a nonqualified plan due to a coronavirus-related distribution.
While wide-ranging opportunities exist, selectivity is key.
Defining potential winners and losers—near and longer term.
Central bank money printing is supported by stable dynamics.
Recent economic data has been alarming, but we believe that there are three reasons for optimism, despite market uncertainty.
More steps needed to support small businesses and their employees.
T. Rowe Price is giving back during this time of need.
These values, put in place by our founder, Thomas Rowe Price, Jr., have guided our firm through numerous extraordinary market events over our 80-year history.
While economic conditions and events change and evolve, the best long-term investment strategy is to keep steady and stay the course—regardless of, as Mr. Price wrote, “rumors, reports, and prognostications.”
This paper includes a letter from our founder to investors during a different period of market volatility at the beginning of World War II.
Participants need reassurance in uncertain markets. Use these resources to prepare them for what’s ahead.
Amid uncertain markets, sticking to your long-term plan may be your best move.
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.