■ Dow Jones industrial average: Down 2%, or 350 points, to 17,596.35. The blue chips fell back in the red for the calendar year — the index landing 227 below its 2014 finish. 
■ S&P 500: Down 2.1%, 44 points, to 2057.64 
■ Nasdaq: Down 2.4%, 122 points, to 4958.47

Kiplingers provides 3 Ideas for retirement income:

Unilever (UL)

If you’ve ever set foot in a supermarket anywhere in the world, then you are familiar with Unilever’s brands. Among many others, they include: Axe, Ben & Jerry’s, Bertolli, Dove, Lipton, St Ives, VO5, and Vaseline. If there was ever a set of products that was apocalypse-proof, it would be Unilever’s.

But while its products may be mundane consumer staples in the West, Unilever has excellent growth prospects abroad. Unilever gets nearly 60% of its revenues from emerging markets, meaning that we should see healthy growth for a long time to come.

The company has raised its dividend every year for 42 consecutive years and currently yields 3.4%.

While not exceptionally cheap at current prices, Unilever is a certainly a stock to buy on any pullbacks.

Talk with your financial planner for income ideas first!

Here's a tip from CNBC:

You can head to Retirement Estimator on the Social Security Administration's website for a ballpark estimate. Enter some basic information—your name, Social Security number, date of birth, mother's maiden name and last year's income—and the tool will calculate your benefits based on your earnings history. You'll get estimates for the amount you'll receive if you take your benefits early—at age 62.  Another estimate for benefits at your full retirement age—whether it's 65, 66, or 67—and you can also find out the maximum benefit you'll receive if you wait until age 70. 

Triple Crown Indicator..

Art Cashin, of UBS, says the markets declined nine out of ten times a horse won the Triple Crown.

Barron's Suggest 7 Income Funds

Make sure to consult with your financial advisor.  

BlackRock High Yield Bond (BHYAX) is a good choice for investors who want to put some assets in junk bonds, which can be volatile, but may hold up better in a rising rate environment than investment grade bonds. Janachowski calls this “one of the best managed high-yield funds.” It has a 5.06% trailing 12-month yield and a three-year average annual return of 8.72%. It shouldn’t make up more than 5% or 10% of a total portfolio, however.

A part time job sounds good to many retiree's.

New T. Rowe Price research on retirement saving and spending behaviors found that 22 percent of retirees who retired with a rollover IRA or 401(k) were still working at least part time.

More people are waiting longer to retire, and that's affecting when they claim Social Security benefits.

While more than a third of workers still claim Social Security retirement benefits when they turn 62, the earliest age possible, a growing number are waiting until their mid-60s or later, according to a new study.

Interest rates are extremely low!...Money sitting in money markets, CD's or short term bonds is giving you a few bucks each month...not much!  Kiplinger's provides some stock and REIT's that provide income.  Definitely more risk than your money markets, so talk with your financial advisor first.

12 Stocks To Get Dividends Every Month

Realty Income

Yield (as of May 4): 4.8%

52-week high: $55.54

52-week low: $40.56

5-year dividend growth rate: 5.7%

Last dividend increase: 0.3% in March 2015

Also pays in: Every month

This real estate investment trust pioneered the strategy of buying or building free-standing drugstores, restaurants, cinemas, fitness centers and similar buildings and leasing them to familiar chains, which pay the rent, maintenance and taxes. Realty Income (O) pays dividends every month and raises the rate several times a year, though slowly and usually by small amounts. The REIT is safe and consistent, with more than 500 consecutive monthly dividends to its credi

Money Magazine article provides several strategies married couples should consider.

If there’s one set of rules worth understanding, it’s spousal benefits. Every year, couples leave literally billions of dollars on the table because they make the wrong claiming choices. Here are three secrets to getting this claim right, and how they apply to your situation:

1. To get spousal benefits, the primary earner must file for retirement benefits first. Spousal benefits can equal as much as half of the amount the person would receive in individual Social Security benefits at full retirement age (FRA). For anyone born in 1943 through 1954, FRA is 66; it will gradually rise to 67 for people born in 1960 or later.

2. If you file for a spousal benefit before your FRA, you will end up with a smaller amount. You can file as early as age 62 but if you do, you will be hit with benefit reductions. Retirement benefits will rise each month they are deferred between FRA and age 70. Spousal benefits peak at FRA, so there is no reason to defer claiming them past that point.

3. Use a file-and-suspend strategy. If both spouses defer claiming until FRA, the higher-earning spouse can file and suspend benefits then. This way, the lower-earning spouse can file for spousal benefits, allowing his or her individual retirement benefit to grow due to delayed retirement credits. Then you can each file for maximum retirement benefits at age 70.

Compare State Tax Rates

Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-rate mortgage edged up to 3.67 percent from 3.66 percent last week.

The average rate for a 15-year mortgage, popular with homeowners who refinance, rose to 2.94 percent from 2.93 percent last week.

If you're income is too high for Roth contribution this year, go ahead and contribute to your traditional IRA. You won't get a deduction but those funds will grow tax deferred.  

Form 8606 documents those contribution amounts and they will be tax-free when you do withdraw those funds.

IRS Instructions on Form 8606