March was nothing short of a tumultuous month for both stocks and bonds. Equity markets experienced the second highest level of volatility ever recorded; only surpassed by the peak of the 2008 financial crisis. March was an erratic month for bonds. US Treasury rates fell across the board to their lowest levels ever recorded, while corporate bond rates skyrocketed due to the elevated risk of company defaults during the lockdown. The Federal Reserve and Department of Treasury provided a multi-trillion-dollar backstop to help alleviate some economic pain. However, the longer-term impacts point to additional negative economic data as we find out what the actual impact of COVID-19 is on our economy.

Since March’s corporate rates shot up significantly and impacted July pension lump sum values, we advise that July is out of the question for taking your pension lump sum. Based on published interest rate data, June is currently the best month for collecting your pension lump sum value. If you are unable to collect your pension in June, it is likely August or September rates will return to levels close to what we saw before the impacts of COVID-19.

Looking to retire amidst a pandemic can be unsettling but, rest assured knowing Capstone Wealth Advisors are here to help. We have been proactive throughout this crisis, making our clients financial well-being our number one priority. If you are considering retiring in the near future, we highly encourage you to talk with one of our retirement planning specialists to discuss what your retirement timeline looks like and how to strategically plan your exit.

If you are not yet a client and would like to discuss your personal situation in more detail, please email tyler@capstonewealthadvisors.com or call our office at (877)739-6007 to schedule a complimentary consultation. There is no charge for this service to BP Employees.

Tyler E Ryan


Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

Stock investing involves risk, including loss of principal. International & Emerging Markets investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in Emerging Markets.

Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.

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