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NOVEMBER 2024


As retirement draws nearer, it is important to expand your focus beyond accumulating assets, and start planning how you will generate annual income from those assets. Our first article looks at three important planning considerations for an effective retirement income strategy. Let us know if you would like to discuss how we might help you with your planning.


When Americans roll over their 401(k) plans into IRAs, they’re often unknowingly making a costly mistake by leaving too much of their savings in cash. This “billion-dollar blind spot” stems from the perception that cash holdings in an IRA are a safe way to preserve wealth. Our second article argues such a strategy exposes savers to a “cash drag” that costs investors returns over time. Give us a call if you would like to discuss how this may impact you.


This month's "What's Happening Now" section shares stories on interesting travel essentials, why China is raising their shockingly low retirement age, and an incredible 59-day train journey passing through 12 countries.


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,

The Three A's of Retirement Income


You’ve spent your entire working life saving and investing in tax-advantaged retirement accounts like 401(k)s and IRAs. As retirement draws nearer, however, it is important to expand your focus beyond accumulating assets, and start planning how you will generate annual income from those assets.

Read More

Americans have this 'billion dollar blind spot' when rolling over 401(k) plans to IRAs

Cold, hard cash — it’s a safe and reliable staple of many investors’ retirement portfolios. But when Americans roll over their 401(k) plans into IRAs, they’re often unknowingly making a costly mistake by leaving too much of their savings in cash.

Read More

What's Happening Now

9 Essentials I Tell All of My Friends to Pack for Vacation

China is raising their shockingly low retirement age for the first time since the 1950s 

This 59-day Train Journey Passes Through 12 Countries

Market Update


Stocks closed lower in October as Wall Street couldn't maintain the momentum from September's strong showing after the Fed lowered interest rates. Equities began October on an upswing on the heels of a better-than-expected jobs report. In fact, during the first half of the month, the Dow and the S&P 500 reached record highs. However, investors began moving away from risk as the unrest in the Middle East intensified and sentiment grew that the Fed may not cut rates in November. Toward the end of the month, disappointing earnings data from big tech companies raised concerns about rising AI costs and the potential for profit pressures. Among the market sectors, only communication services, financials, and energy managed to outperform. Health care, materials, real estate, and consumer staples lagged.


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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