614.888.2121 • 877.389.2121 • Chornyak.com

SEPTEMBER 2023

In our first article on the latest Investment Perspectives, we discuss why GDP matters for investors, explore ways to structure a core holding of long-term bonds, and determine if the market can cast aside seasonal weakness and build on the July rally. Give us a call if you have any questions or would like to discuss this further.

The estate and gift tax exemption limit is currently at a historical high. In anticipation of a significant decrease of this limit in 2026, our second article outlines a few strategies to help leverage this unique situation through tax-efficient wealth transfer. Let us know if you have an interest in looking at how this may impact your financial planning.

This month's "What's Happening Now" section shares stories on why one age group is carrying the most stress and burden as longevity increases, what 5 farmers really think about modern farmhouse styles, and inside the world's 5 smallest hotel rooms.

We'd like to hear from you. Please feel free to contact us by phone at 614-888-2121, toll-free 877-389-2121 or email jchornyak@janney.com with any questions or comments.

Sincerely,

August Investment Perspectives

In the latest Investment Perspectives we discuss why GDP matters for investors, explore ways to structure a core holding of long-term bonds, and determine if the market can cast aside seasonal weakness and build on the July rally.

Window of Opportunity: Leveraging the Estate and Gift Tax Exemption

The estate and gift tax exemption limit is currently at a historical high. In anticipation of a significant decrease of this limit in 2026, here are a few strategies to help leverage this unique situation through tax-efficient wealth transfer.

What's Happening Now

Longevity challenging people to reimagine their later years

What 5 Farmers Think About Modern Farmhouse Style

Micro Hotels: Inside the World's Smallest Hotel Rooms

Market Update

August proved to be a tough month for stocks, with each of the benchmark indexes listed here ending the month notably lower. Investors tried to decipher mixed economic data throughout the month, attempting to gauge the course of the economy, while trying to determine what the Federal Reserve will do with interest rates moving forward. Market update provided by Broadridge Investor Communications Solutions, Inc.

Chornyak & Associates Financial Planning Consultants

at Janney Montgomery Scott

716 Mt. Airyshire Boulevard, Suite 200, Columbus, Ohio 43235

614.888.2121 • 877.389.2121

Janney Montgomery Scott LLC Financial Advisors are available to discuss all considerations and risks involved with various products and strategies presented. We will be happy to provide a prospectus, when available, and other information upon request. Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. Market Update Prepared by Broadridge Advisor Solutions.

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