JUNE 2022

Life changes from year to year, and at times, in significant ways. It’s the more significant changes—marriage, buying a vacation home, expanding your business, a career change, an untimely death—which can cause large shifts in financial priorities. When these events occur—or better yet before they occur—it is an appropriate time to re-evaluate your goals and the financial plan you put in place to help you achieve them. When used appropriately, strategic borrowing can help you enhance your overall wealth plan. Our first article describes examples when borrowing may be needed, and some solutions that may be beneficial.

Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover.  The good news, though, is that there are ways to protect yourself from these inevitable market downturns. After all, your retirement shouldn’t be an endless series of sleepless nights. And, with careful income planning that covers your lifestyle needs, allows for emergencies and includes a suitable amount for investment and growth, it doesn’t have to be. Our second article provides planning options to consider that may prompt you to call us to discuss additional options for your retirement planning.

This month's "What's Happening Now" section shares interesting stories on why Crypto may be worth nothing, a new passenger jet in supersonic tests, and inside the design of Amazon's quirky self-driving car.

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,
LIFE EVENTS MAY TRIGGER LENDING NEEDS

Life is full of events that may throw financial curveballs. Your financial plan should address borrowing solutions that may be immediately accessible, when and if necessary. Life changes from year to year, and at times, in significant ways. It’s the more significant changes—marriage, buying a vacation home, expanding your business, a career change, an untimely death—which can cause large shifts in financial priorities.
Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math

The math isn’t as tough as you might think. It all starts with dividing your assets into three different buckets. Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided.
What's Happening Now
Market Update

May was a volatile month for Wall Street. Stocks began May where April ended, with losses. In fact, it wasn't until the last week of May that stocks posted gains. Throughout the month, investors had to face the prospects of an economic slowdown impacted by accelerating inflation, rising interest rates, the ongoing war in Ukraine, and lukewarm corporate earnings reports. Despite suggestions from Federal Reserve Chair Jerome Powell that the central bank is not likely to raise interest rates by 75 basis points, stubbornly high inflation has set the Fed on a path of quantitative tightening and interest-rate advances that presents a risk to economic growth.

Crude oil prices gradually rose throughout the month, only to surge on the last day of May after the European Union imposed an immediate ban on two-thirds of all Russian oil imports in a further response to its invasion of Ukraine. Crude oil prices advanced over 10.0% to nearly $115.00 per barrel. Gas prices also continued to increase in May, reaching record highs along the way. The national average retail price for regular gasoline was $4.59 per gallon on May 23, up from $4.12 on April 25 and $1.57 over a year ago. Analysts suggest that gas prices are likely to continue to increase with rising crude oil prices, the impact of the ongoing Russia/Ukraine war, and demand exceeding refinery output.

Ten-year Treasury yields ended the month about where they began. Gold prices decreased nearly 3.0% in May. The U.S. dollar road the ebbs and flows of the stock market and bond prices, ultimately ending the month lower than it started.
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.

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

Janney Montgomery Scott LLC Member: FINRA, NYSE, SIPC