Somers Wealth Management of Janney Montgomery Scott, LLC

For the past three years our team member, Kate, volunteers with the Proud Partners Hospitality Team at the Tour Championship in Atlanta, GA.

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

Business Surveys Signal Sustained Economic Expansion The preliminary August business surveys remain consistent with further economic growth for both the U.S. and internationally. These surveys are also consistent with lower inflation.

In celebration of Labor Day, we recognize and honor the contributions of hardworking individuals. Your dedication makes our communities thrive.

As Election Day approaches, our Investment Strategy Group examines how presidential elections have historically impacted stock market performance in the medium to long term, offering key insights and challenging common assumptions.

And They're Off Investors frequently assume that election results determine the stock market’s direction when often it is the reverse.

Beat the heat while working toward your fitness goals in the comfort of your home.

7 indoor exercises to beat the summer heat Let's look at a mix of equipment-based and bodyweight indoor exercises to help you maintain your fitness goals when it’s a stinker outside.

Help ensure you make informed decisions about your health coverage and finances. Join Tim O’Mara, Vice President at Nationwide’s Retirement Institute, for this valuable session on Medicare.

Register today: www.janney.com/Medicare

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Evidence of Economic Resilience but Slower Growth Ahead Current economic readings remain consistent with further economic growth and lower inflation. However, leading economic indicators continue to signal slower growth ahead.

From time management to self-care, make the most of the summer season while staying productive and refreshed.

12 Ways To Maximize Your Work-Life Balance This Summer Discover 12 new ways to maximize your work-life balance this summer.

There are several advantages to using 529 Plans to help fund a grandchild’s education, including:

- Contributions are treated as gifts, which removes assets from your estate, providing potential tax benefits.
- Allows for tax-deferred growth as all earnings are withdrawn tax-free when used for permitted education purposes.
- You maintain control of the assets, unlike other types of gifts, as funds can only be used according to the will and direction of the account holder.

Read more about these advantages and other considerations when using 529 plans to help fund education for the next generation and see if this solution is right for you.

529 Plans: A Tax-Efficient Way to Fund Your Grandchildren’s Education When grandparents are given the gift of grandchildren, they are often filled with the desire to do anything they can to help, financially and beyond. In fact, according to the AARP, grandparents spend approximately $179 billion on their grandchildren every year.

The best time to adopt new investing strategies is rarely in the middle of market volatility. However, it is a great time to review your financial plan and uncover any opportunities or benefits. Here are three actions to take during a volatile market.

Three Strategies to Navigate Market Volatility However, it is the best time to review your financial plan—and act on your existing strategies to uncover any existing opportunities or benefits.

Join us for our next virtual client event with Tim O’Mara, Vice President at Nationwide’s Retirement Institute, to learn how to navigate the Medicare process and make informed decisions about your health coverage and finances.

Register today: www.janney.com/Medicare

In the latest edition of Investment Perspectives, our Investment Strategy Group discusses the importance of focusing on the macroeconomic environment, what to know about floating rate bond performance during rate cuts, and expectations for the stock market.

August Investment Perspectives In this issue of Investment Perspectives, we discuss the impact of the election on the market, floating rate bond performance during times of rate cuts, and using P/E to determine a stock's valuation.

Janney’s Chief Investment Strategist recently appeared on Yahoo Finance TV to provide insight into the market volatility last week and what to expect in the weeks ahead.

This econ. climate should be 'fertile for stocks': Strategist US equities (^GSPC, ^DJI, ^IXIC) went through a bit of a rollercoaster this week, with a large sell-off on Monday and a bit of a recovery on Thursday. Is there more volatility ahead or was this just a fluke? Janney Montgomery Scott chief investment strategist Mark Luschini joins Market Domination to...

Spice up your summer gatherings with these vibrant salsa recipes.

9 Summer Salsa Recipes Bookmark these for your next summertime soiree.

Today is Financial Awareness Day!

Tomorrow is National Financial Awareness Day-

Generation Z: Different Values, Behaviors, and Perspectives Much has been written about the Millennial generation—those born between 1981 and 1996. Often mistakenly perceived as isolated and disengaged, these tech-savvy information sharers are in fact a globally aware, highly empathetic, and cause-driven generation, with a strong collective social conscien...

Newly expanded tax credits are available for employers establishing first-time 401(k) plans for their employees that may offset most or all plan costs for the first three years. Learn more about these credits and the benefits to your business.

Discover Generous New Tax Credits for Start-Up 401(K) Plans The startup tax credit enables businesses with up to 50 employees to claim a credit of 100% of eligible start-up costs based on the number of NHCEs eligible to participate in the plan. Specifically, the cap is the lesser of $250 multiplied by the number of NHCEs eligible for the plan or $5,000. The....

Here are some things to consider if planning for retirement-

Planning for Retirement: What You Should Be Doing Now Here are some things to consider and questions to ask yourself to ensure you are on the right track toward reaching your retirement goals.

In its weekly update, our Investment Strategy Group breaks down the latest market and economic news.

Thoughts on Current Market Pullback While the recent stock market drawdown has been sharp, it has not reached the magnitude of the market decline in a typical year, and the market is still 9% higher than at the start of the year.

Did you know Medicaid can help you cover long-term care and home healthcare costs? While eligibility can be very complex, with some thoughtful estate planning, you may be able to qualify for this valuable benefit. Read more.

Restructuring Your Assets to Qualify for Medicaid In 1965, Congress established the Medicare program to enhance insurance coverage and ensure greater financial solvency for seniors— regardless of income, current health status, or past medical history. At the same time, they outlined parameters for Medicaid—a state managed, means-based program t...

Our Investment Strategy Group reviews the Federal Reserve’s decision to hold interest rates unchanged at their recent meeting and what it means for investors.

Foaming The Runway The Federal Reserve Open Market Committee left their target for interest rates unchanged at a range of 5.25 – 5.50%, the 12th month of unchanged overnight rates.

A special needs trust is a popular strategy to assist someone in need without risking their eligibility for other programs. Read more about the two types of special needs trusts:

Which Type of Special Needs Trust Is Right for You? A special needs trust is a popular strategy for those who want to help someone in need without taking the risk that the person will lose their eligibility for programs that require their income or assets to remain below a certain limit.

Did you know the Paris 2024 Olympics will feature 329 events? With the games in full swing, check out this list of Olympics related fun facts.

13 Fun Facts About the Olympics to Know Ahead of the Games In light of the 2024 Summer Games in Paris, we're sharing a few fascinating facts about the Olympics. Some may shock you!

If you don't already have one, August is National Make-a-Will Month-

Learn more about the latest market and economic news in our Investment Strategy Group’s weekly update.

Healthy Economic Backdrop Suggests Normal Pullback Stock market pullbacks of 5%-10% are a normal occurrence, usually happening several times each year. Given the healthy economic backdrop, we view the current correction as a normal pullback within an ongoing bull market.

Save some room for dessert, today is National Cheesecake Day!

National Cheesecake Day Want to celebrate National Cheesecake Day the right way? We've got the best activities, recipes, and deals to make your day cheesecake-tastic!

The SECURE Act 2.0 has numerous provisions designed to help individuals save for retirement that are either in place now or will become effective in the coming years. Learn more about the most important changes and how they could help you save for retirement more effectively.

Are You Incorporating Secure Act 2.0 Provisions into Your Financial Plan? The RMD age has been pushed back to age 73 effective January 1, 2023. In 2033, the RMD age will be increased once again, to age 75. If you turned 72 in 2022 or earlier, you will need to continue taking your RMDs as currently scheduled.

The Olympics begin- check out the schedule so you don't miss any events-

Paris 2024 Olympics - Latest News, Schedules & Results Welcome to the Paris 2024 Summer Olympic Games website. Follow the world's top athletes as they go for gold in France (Jul 26-Aug 11, 2024).