COVID-19 Market Insights
To help you during this uncertain time, we’ve compiled a series of articles and insights into how you can deal with this volatile market.
COVID-19 Resource Center
BOK Financial is closely monitoring developments concerning COVID-19 to determine what changes, if any, need to be implemented to our operations, processes and the systems we use to support our clients. We’d like to take this opportunity to remind you of our business continuity and preparedness plan and to assure you of our commitment always to deliver best-in-class products and solutions.
Since 1978, the Federal Reseve Bank of Kansas City has hosted central bankers, policymakers, academics and economists at an annual end-of-summer gathering at Jackson Hole, Wyo., to discuss the world’s pressing economic issues.
In August, the pandemic drove the group online to tackle this year’s theme, “Navigating the Decade Ahead: Implications for Monetary Policy.” To kick off the discussion, U.S. Federal Reserve Chair Jerome Powell unveiled the first significant change in the central bank’s fundamental strategy since 2012.
Fraudsters and scam artists have always looked for new ways to prey on consumers. Many are now using their tactics to take advantage of consumers' heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law enforcement have issued warnings on the surge in coronavirus scams and offer advice on how consumers can help protect themselves.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders cope with financial fallout from the virus. The rules were welcome relief to many people, but left questions about the details unanswered. In late June, the IRS released Notices 2020-50 and 2020-51, which shed light on these outstanding issues.
In a downturn, your employer may look to tighten the purse strings. But that doesn’t necessarily mean you have to.
By Megan Ryan
Companies hit especially hard by the COVID-19 pandemic are taking drastic measures to stay afloat, including cost savings that can have a direct impact on employees.
One such measure: suspending the employer match on employee 401(k) retirement accounts.
The Wall Street Journal
Veronica Dagher
6 April 2020
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For many adherents of the Financial Independence, Retire Early movement, known by the acronym FIRE, the economic and stock-market downturns caused by the coronavirus pandemic are the first test of their strategy.