We know seeing stock market losses and the negative impact on your retirement savings is difficult. While we are experiencing these unprecedented times, remember that your retirement savings plan is meant to be a long-term investment. History shows that staying the course may still produce greater returns in the long run.

You may also wonder why you are not seeing a balance change throughout the day. That's because your retirement account information, including fund balances, are updated each night. Since investment options available from ICMA-RC are typically mutual funds or collective trust funds that are priced only once per day, the nightly update provides the latest fund balance information. Other financial instruments such as individual stocks, bonds, and exchange-traded funds are priced throughout the day, so brokerage accounts typically have up-to-the-minute pricing.

As we continue to monitor the situation, please check our website, periodically for any updates and we will continue to provide additional resources via the Coronavirus and the Markets Resource Center.