May 2024 Financial Pulse

May 2024 Financial Pulse

May 02, 2024

Optimize Your Retirement Income

Americans have a variety of retirement income sources available to them. It can be important to have a multi-faceted strategy where you understand all the payout options and tax consequences for each.

Defined Benefit Plans (Pensions)

If you are an educator or state employee you likely have access to a pension plan. These plans are becoming less common in the private sector. Most pension benefits are determined by the amount of years of service, final salary, and a multiplier. If you have a pension, understand the different payout options, and choose the one that best suits your needs.

Defined Contribution Plans (401k, 457, 403b)

These plans allow you to easily make contributions from your paycheck and offer tax-deferred investment options. Some also have employer matching contributions available. These are often an easy way to supplement your retirement savings and give you flexibility in your investment choices.

Other Options (Traditional or Roth IRA, Social Security)

It is important to know if you are qualified to receive Social Security and how to navigate those benefits. Understanding your (or your spouse’s) benefits can help you identify any gaps in your retirement income. IRA plans also provide another way to save for retirement with a variety of tax benefits.

Talk with one of our financial professionals about what retirement income you have access to and how to optimize your options for your needs.


U.S. Markets

Despite a late-month rally, stocks fell in April as investors struggled with a hotter-than-expected inflation report and mixed news about the economy.

The Dow Jones Industrial Average dropped 5.00 percent, while the Standard & Poor’s 500 Index declined 4.16 percent. The tech-heavy Nasdaq Composite fell 4.41 percent.1

1., April 30, 2024

Advisory Services offered through Capital Analysts or Lincoln Investment, Registered Investment Advisers. Securities offered through Lincoln Investment, Broker/Dealer Member FINRA/SIPC. 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. 5/24