614.888.2121 • 877.389.2121 • Chornyak.com

MARCH 2025

Our first article below, Outlook 2025, offers the Janney Investment Strategy Group’s baseline prognostications for the economy, the equity and fixed-income markets, their evolution, and investment implications in the New Year. Give us a call if you would like to discuss how this Outlook might affect you.

Many Americans dream of becoming a millionaire, and most believe they’ll need more than that to retire comfortably. While it may seem daunting, you don’t need to be a top executive, famous athlete or popular musician to make big bucks. The secret is much simpler — and perhaps more boring — than that, and failing to take advantage of this one money rule could impact your retirement greatly. Our second article outlines some ideas to help with your plan. Let us know if this prompts any questions for you regarding your investment strategy.

This month's "What's Happening Now" section shares stories on whether drinking alcohol is bad for your health, the true value of having a fully paid-off home, and an iconic Florida hotel reopening after a $1 billion renovation.

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,

Outlook 2025

In our Outlook 2024 publication, we highlighted the split economic potential: the U.S. would either fall into a garden-variety, end-of-cycle slowdown, or benefit from productivity gains. It took until 3Q, but the U.S. private sector is now benefiting from a big boost in economic productivity.

The No. 1 rule to becoming a millionaire in America

The median retirement age in the U.S. is now 62, and only 36% of Americans retired when they planned to, according to a 2024 study by the Transamerica Center for Retirement Studies (TCRS) and the Transamerica Institute.

What's Happening Now

Is drinking alcohol bad for your health?

Here is the true value of having a fully paid-off home in America

This Iconic Florida Hotel Just Reopened After a $1-billion Renovation

Market Update

Looking ahead to March, investors will pay particular attention to inflation data as February brought increased concerns that price pressures may be on the rise again.

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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