THE HALFWAY POINT
It’s hard to believe that we’re reaching the halfway point of 2025. June is a notable month for several reasons. It’s the beginning of summer, it’s the time many schools let out for a long break, and it’s known for a variety of holidays and observances. Here are some special things about June:
Summer Start
- This year, Friday, June 20 is the official start of summer and marks the longest day of the year.
- Celebrate Father’s Day on June 15.
- June 14 is Flag Day.
- Juneteeth is on the 19th of June. It celebrates the official emancipation of enslaved people in the United States. Juneteeth is a federal holiday. The markets will be closed and so will the Axiom offices.
Strawberry Moon
- The full moon in June is called the Strawberry Moon, a traditional name related to the short strawberry harvesting season. This year it falls on June 11.
AXIOM NEWS
Congratulations!
A big congratulations to Vaughan and Jill Scott on the marriage of their daughter Jacqueline to Shawn Fitzpatrick. The two actually went to the same grade school and high school but didn’t really hang out together. It wasn’t until their college years in Bloomington that the relationship blossomed. Jac and Shawn were married May 23 at St. Mary’s Catholic Church in New Albany. The ceremony was followed by a reception at Huber’s Orchard & Winery. Here’s to a long and happy life together!
New Addition to our Team
Axiom welcomes our new financial advisor, Cullen Ebert. Cullen brings a valuable banking background to the firm. After earning his business degree from Indiana University, he spent two years as an analyst with PNC Private Bank in Cincinnati. Cullen explains that he is “passionate about empowering individuals and businesses to make informed financial decisions and secure their financial future.” We’re excited to have Cullen on our team.
News You Can Use
New Rules on Inherited IRAs
When you inherit an IRA from a parent, there are special tax rules that apply to this sort of account. It’s important you stay up to date on the planning necessary to minimize your tax liability. Pay special attention to the recently enacted “Ten-Year Rule.” This rule dictates that most beneficiaries, excluding certain exceptions, must empty the account within 10 years of the original owner’s death, according to the IRS. This means all funds must be distributed, typically through annual Required Minimum Distributions (RMDs), by the end of the 10th year. For more information on inherited IRAs, click here.
Americans Moving Abroad
The business of moving abroad is booming. Reasons for moving to another country vary from the desire for adventure to dissatisfaction about the direction in which our country is going. Some Americans hope to retire abroad, others are seeking what’s known as a digital nomad visa, while some say they will move with a skilled worker visa. Go here to find out the number one country that Americans are flocking to.
JUNE FUN
Whiskey Row Car Show
Rev up your engines and cruise to downtown Main St. for a spectacular car extravaganza on Louisville’s own Whiskey Row! See the city transformed into a car enthusiast’s paradise, with streets closed down to showcase an impressive array of vehicles, live music and vendors. From classics to modern marvels, this car show has it all. June 14. Downtown Louisville East Main St. 10am to 4pm. Go here for details.
Pitch, Hit & Run
Louisville Bats and Kentuckiana RBI host MLB’s Pitch Hit & Run. It’s a free “official” skills competition giving boys and girls, ages 7 to 14, an opportunity to showcase their baseball and softball skills, while earning a chance to attend and perform during the MLB World Series! No prior baseball or softball experience is necessary to participate. June 14 at Louisville Slugger Field. 12pm to 4pm. Details can be found here.
Gatsby at the Gardens
Slip into your finest flapper fringe or dapper duds for a Great Gatsby garden party at Waterfront Botanical Gardens. Stroll the grounds, enjoy delectable bites from True North Catering, sip on swanky cocktails from the cash bar, and dance the night away to the sounds of live jazz by the Gatsby Jazz Band. The drinks are cold, the jazz is hot, and the Gardens are calling. This is a 21+ event. June 18. 1435 Frankfort Ave. 6pm to 8pm.
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