At Securian Financial, the health and safety of our customers, employees and communities is a top priority. We know you have many questions and concerns about your retirement account during these unprecedented times. We strive to keep you informed, answer your questions and respond to requests. Due to high call volumes, you may experience delays when contacting us. We appreciate your patience as we navigate together.
The Coronavirus, Aid, Relief, and Economic Security Act (CARES Act) is designed to help provide economic relief for individuals, families and businesses. It includes key retirement plan provisions that creates a new COVID-19-related distribution option, expands the availability of loans from qualified plans and grants a temporary waiver of Required Minimum Distributions (RMDs).
These changes; however, are not mandatory so your employer will need to decide if they will implement the changes for your retirement plan.
If you are facing a job loss or other economic hardship during this time, you may be tempted to access the money you have in your retirement account. But before you move ahead, it's important to understand and carefully weigh the potential advantages and disadvantages and evaluate not only how it impacts your current situation, but how it will impact your future retirement.
Not all plans offer loans, withdrawals, or provisions through the CARES Act, so check with your employer or log into your account for more specific information.Learn more
The ups and downs of the market can be stressful but it’s important to keep the big picture in mind when you’re saving for retirement. Market volatility is a normal part of investing and historically, downturns have been followed by recovery.
Securian Financial has weathered economic ups and downs while staying true to our customers for 140 years. As a mutual holding company, we’ve always focused on our customers. We take a long-term approach that positions us strongly during this time of economic uncertainty.
Securian Financial is in a position of strength as we navigate this situation. We are one of the highest rated insurance groups in the nation by the independent rating agencies that evaluate the financial strength of insurance companies.1 Our strong balance sheet, well-diversified investment portfolio and capital strength position us to weather market volatility and economic turmoil. We will be here when you need us.Learn More
Listen to this brief audiocast. Securian Financial associate Pete Tartaro, CFP® professional, has ideas, no matter where you are on the path to retirement.Listen now
Practical tips to help you manage and take charge of your accountWatch video