March 2024 Financial Pulse

March 2024 Financial Pulse

March 04, 2024

PREPARING TO RETIRE?

Educators, are you preparing to retire?

As you approach this significant milestone, it's crucial to be well-informed about the steps involved in transitioning into retirement. While it's not always easy, proper preparation can make the process smoother.

BEFORE you apply for retirement, here are a few tasks you will need to do, just to get started:

READY to apply? Here are the steps you will need to take:

1. Choose your pension payment option and beneficiary information.

2. Choose your insurances.

3. Make your tax withholding selection.

4. Enter your direct deposit information.

5. Submit your application.


CONSULT a professional.

You have worked hard to educate others. Now is the time to ensure you're well-prepared for retirement. Download your full Michigan State of Retirement Services retirement checklist here:  DOWNLOAD

To get the most out of your retirement and ensure the smoothest transition, set up a complimentary consultation with one of our local financial advisors to ask questions and get a second review of your plan. Contact us today! 

THE MONTH IN BRIEF

Stocks extended their tech-led advance last week as signs of a resilient and still-enthusiastic consumer boosted momentum.

Nasdaq Sets New High

Stocks traded in a narrow band early in the week but ended the five-trading sessions with a powerful advance.

While the Dow dipped lower, artificial intelligence (AI) names powered the gains in the S&P 500 and the Nasdaq Composite. The Nasdaq bobbed around the 16,000 level for most of the week before posting consecutive record highs on Thursday and Friday, surpassing its 2021 record. It was the last of the three major stock benchmarks to reach a record high this year.1

Economic news also helped boost markets. The Personal Consumption Expenditures (PCE) Index, the Fed’s preferred inflation gauge, rose 0.3 percent in January versus December—and 2.4 percent on a 12-month basis. Both were in line with expectations. Stocks ticked up on Thursday following the release of the report.2

1. The Wall Street Journal, February 29, 2024

2. CNBC.com, February 29, 2024

Advisory Services offered through Capital Analysts or Lincoln Investment, Registered Investment Advisers. Securities offered through Lincoln Investment, Broker/Dealer Member FINRA/SIPC. www.lincolninvestment.com M3 Investment Services and the above firms are independent and non-affiliated. Social Security  claiming services are not offered through, nor supervised by, The Lincoln Investment Companies.

S&P 500 Index is an index of 500 of the largest exchange-traded stocks in the US from a broad range of industries whose collective performance mirrors the overall stock market. The Dow Jones Industrial Average is a widely watched index of 30 American stocks thought to represent the pulse of the American economy and markets. Investors cannot invest directly in an index. The NASDAQ is an index that tracks the cumulative results on a market capitalization basis of all stocks trading in the NASDAQ system. Investors cannot invest directly in an index.  Past performance is no guarantee of future results. 3/24