JUNE 2024


Establishing a will is certainly not a favorite undertaking for anyone, but it’s important. In fact, it’s one of the most important things to take care of that people commonly forget about, avoid, or procrastinate.  Don’t put it off—it’s imperative that you put in a bit of time and thought now in order to ensure you protect your legacy and your loved ones when you are gone.  Our first article details the many aspects and options to consider while taking this important life planning step. Let us know if you have any questions in this regard, or if you would like our help in getting this done.

 

While we have recently shared how to take advantage of 529 plans to help you prepare for the educational needs of children, there are important legal steps to follow once those plans are achieved. If you saved more for college than you needed, here’s how to make the most of the leftover funds. Our second article outlines options to consider when your benefits of a 529 plan have been achieved.

 

This month's "What's Happening Now" section shares stories on why Americans may be wrong in thinking that real estate is the best long-term investment, a Vermont resort that is rated as one of the best in the world, and 11 of the most beautiful neighborhoods in the world.


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,

Don’t Procrastinate – Establish Your Will


Establishing a will is certainly not a favorite undertaking for anyone, but it’s important. In fact, it’s one of the most important things to take care of that people commonly forget about, avoid, or procrastinate.

Read More

Planning Strategies for Remaining 529 Balances


If you saved more for college than you needed, here’s how make the most of the leftover funds. At first thought, having a balance in your 529 plan when your beneficiary finishes college may seem unlikely. However, there are certain circumstances that may result in leaving excess funds in a 529 plan.

Read More

What's Happening Now

Americans say real estate is

the best long-term investment - they may be wrong

This Vermont Resort is Rated One of the Best in the World

11 Most Beautiful Neighborhoods in the World

Market Update


Stocks rebounded from a sour April, closing higher in May. Investors spent the month focused on job gains, gross domestic product, corporate earnings reports, and inflation data in an attempt to determine when the Federal Reserve might cut interest rates. Each of the benchmark indexes listed here reversed the prior month's losses with notable gains in May. The tech-heavy Nasdaq led the way, followed by the Russell 2000, the S&P 500, the Global Dow, and the Dow. Consumer confidence exceeded expectations in May, outpacing April's reading. The labor market showed signs of slowing, while wages inched lower since April 2023. The Federal Open Market Committee meets for the second straight month in June. Job growth in April was notably slower. However, inflation remained elevated. Investors will focus on how the Fed assesses this information in determining its policy stance 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

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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