Derby: Did You Know?
It’s that wonderful time of year— Kentucky Derby time. This year the race falls on May 6. Here are some fun facts about the oldest continuously held major sporting event in the United States.
Only four winning horses have been bred outside the U.S.
Out of every winning horse in the entire history of the Kentucky Derby, the only four are Sunny’s Halo, Tomy Lee, Northern Dancer and Omar Khayyam, the latter of which became the first “foreign” winner to win the big race in 1917.
Secretariat is the record-holding horse.
In 1973, Secretariat made a record-breaking run, setting the time-to-beat to 1:59.40. This broke the previously-standing record time of 2:00.00 set by Northern Dancer.
There are two slowest-paced winning horses.
When the racetrack was still 1½ mile in length in 1891, Kingman managed to secure a win at 2:52.25. Later in 1908, when its length was adjusted to 1¼ mile, Stone Street became the winning slowest-paced record holder at 2:15.20.
The youngest winning jockey was only 15 years old.
When winning the race in 1892, Alonzo Clayton was only 15. His career started at 12 when he left home to become an exercise rider. At 14, he became a professional jockey.
The oldest winning jockey was 54 years old.
With an impressive track record of winning the Kentucky Derby four times, Bill Shoemaker is revered as one of the sport’s most successful jockeys. In 1986, he became the oldest jockey to win the big race, at age 54.
And speaking of horse racing, we want to remind you that our office will be closed Friday, May 5 for Oaks Day.
If you need to process trades/money movements, you can call our customer support line, hosted by TradePMR, at 888-723-3767. Our advisory team will also be happy to respond to voicemails left on our main office number, 812-913-7701, as soon as they can.
Axiom Updates
New Name, Same Great Service
We have changed the name of Axiom Insurance Solutions to Spring Street Solutions. As we’ve grown and branched out to working with clients outside of Axiom, we wanted a new name that better reflects the broader services we’re offering. We now collaborate with other registered investment advisors (RIAs), giving guidance to them and their clients regarding all their life insurance needs. And should you be in the market for life insurance, please reach out. We’d be happy to assist you.
Single Family Offices in the Spotlight
CEO Vaughan Scott was the panel moderator for an event in Nashville, sponsored by the MidSouth Alternative Investment Association (MSAIA). The topic of the panel was “Multigeneration SFO’s: Balancing Operating Businesses, Real Assets, Financial Assets & Family Foundations.” MSAIA connects some 800 investment professionals in the MidSouth, through informal gatherings and charity events. Vaughan is pictured here with Greg Dyra, Co-founder and President of the organization.
A Learning Opportunity
Axiom is excited to annouce a new internship program this summer. We’re looking foward to working with our first two interns and will be introducing you to them in future Newsletters. One is from Ball State, the other attends Indiana University. Please keep us in mind if you know someone who would be a good fit. Candidates must have completed a minimum of two years of a four-year degree program. Preferred areas of study are business, finance or a related field. Topics we’ll be covering during our program include financial planning, insurance and retirement planning, and portfolio and fund analysis.
News You Can Use
New Advantages to 529 Plans
The 529 Plan for Indiana now allows a credit of $1,500 on IN tax returns. Even grandparents and friends can receive the tax credit, if they contribute to a CollegeChoice 529 plan. Be sure to take advantage of all the benefits. For more information go to the Indiana Treasurer of State site or here for Indiana 529 College Savings Plan options.
What Investors Should Know About Secure Act 2.0
Congress recently passed legislation that will have significant effects on retirement savings for individuals. It’s the Secure Act 2.0. In an earlier Newsletter, we told you this pushes back the age at which retirement plan participants need to take required minimum distributions (RMDs). Other changes include additional qualified charities elegible for QCDs and changes in catch-up contributions to employer-based retirement plans. Click here to find out more about the many new advantages.
May 10
100 Wise Women
The Leadership Louisville Center is kicking off its “100 Wise Women” series for 2023 on May 10. The keynote speaker will be Diane Medley, Executive Chairman, MCM CPAs & Advisors. This successful series was created to help women form a network where they can grow, gain confidence and make connections. To register, click here.
June 7
Charity Golf Scramble
Axiom is proud to be a sponsor of the Education Foundation Golf Scramble, presented by the Indiana Members Foundation. The event will be held at the Elk Run Golf Club in Jeffersonville, IN. Proceeds will benefit Greater Clark County schools and Indiana University Southeast. Click here for more info.
June 21
Habitat For Humanity Women Build
The Axiom team will again partner with Habitat for Humanity Clark & Floyd Indiana on its Women Build project. We’d love to have you join us onsite during our build day, June 21. To register for the morning shift, please click here. For the afternoon shift, go here. If you have questions about the build and what it involves, contact our team captain, Michelle Konkle at [email protected]. If you aren’t able to be at the build, you can also help this worthy cause by donating here.
The Merry Month of May
Kentucky Kingdom Opens
Be one of the first to take to the skies on world-class roller coasters and enjoy big fun for little ones in King Louie’s Playland, where you can play all day on more than a dozen pint-sized attractions. Click here to start planning your visit. You can purchase your park admission now to save time at the gate! May 13. Opens at 11a.m.
Fleur de Flea Vintage Market
The Fleur De Flea Vintage Urban Market returns to the Waterfront Plaza Memorial Day weekend, May 27 and Labor Day weekend, September 2. Over 200 vendors from all over the region will be participating. Enjoy the day browsing vintage treasures along the scenic Ohio River. Find more info here.
Tilly the Trickster
Tilly is a mischievous girl who loves nothing more than causing a little trouble, and she has a trick for everyone. But when the tables are turned, will Tilly decide to change her trickster ways? Based on the book by Molly Shannon. Suitable for ages 3 to 12. Kid-friendly buffet included in ticket price. Starts May 20 at the Derby Dinner Playhouse.