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November 2022 Newsletter

Autumn Arrives

We are very fortunate to live in a country where the citizens determine the leadership and the direction of the country. However, this privilege comes with great responsibility. As Thomas Jefferson once said, “We do not have government by the majority. We have a government by the majority who participate.”

It is up to each of us to determine the values that we feel are most important and wish to see represented in our government. Then we must identify those candidates that share our personal values and cast our ballots accordingly. 

Whether you are voting by mail or in person, please do your homework and be an educated voter. Our democracy depends on it. 

Election Day is November 8

AXIOM NEWS

Axiom Participates in Global Conference

CEO Vaughan Scott recently attended the Family Firm Institute’s 2022 Global conference in Boston. Vaughan is on the faculty of the Institute’s Education Network and teaches a course on family wealth. The theme of the event was Family Enterprise and the Fourth Economy: Internal and External Pressures to Change and Adapt. Vaughan hosted a session titled “How Identity is Changing the Face of Family Enterprises.” It is through attending informative and timely conferences like this that we at Axiom stay current with the ideas, issues and solutions that help us ensure your and your family’s future is as bright as possible.

Celebrating Our Team

We like to spotlight our team members in a way that gives you a more personal look at who they are and what they bring to the table. This month we celebrated Dave Scott’s 80th birthday! Dave serves as General Counsel for Axiom, after a successful 40-year career as a trial lawyer who handled complex product safety cases. Dave also has a commercial pilot’s license and is multi-engine and instrument rated. 

Important Priority
“I write all the company’s client agreements. I’m trying to make those shorter so the clients can easily understand them. I’ll take out as much lawyer stuff as I can.”

Work Philosophy
“I’m a natural born salmon. I like swimming upstream. The more difficult something is, the happier I am.”

Best Business Advice
“It’s twofold. ‘Make a client’s case your primary concern. Don’t worry about the money. The money will take care of itself.’ And the other great advice is, ‘Protect your integrity. It’s worth money to you.’”

For more on the “Other Side” of Dave, click here.

IU Father’s Weekend

Vaughan spent a fun, action-packed Father’s Weekend at Indiana University with his daughter, Jacqueline, who is a senior there. Jacqueline is president of her sorority Alpha Delta Pi. We hear the sorority put on a mean cornhole tournament that the Scotts sat out, but they celebrated on the football field when IU posted a 35-22 win over Idaho.

NEWS YOU CAN USE

Good News for Social Security Recipients

Those of you who collect Social Security got some welcome news recently. Benefits for approximately 70 million Americans will be increasing 8.7% next year. That’s the largest such increase since 1981. The cost-of-living adjustment (COLA) is tied to inflation, so hopefully this additional money will help offset some expenses next year. To read what the increase could mean for you, click here

Keeping Interest Rates in Perspective

It’s been quite a roller coaster ride in the markets this year, as we’ve watched the Fed try to tame inflation and keep the economy in balance. While all indications point to more interest rate increases before the end of the year, we remain hopeful the Fed can make the proper adjustments in this unprecedented time. Click here for more on how to keep the changes in perspective. 

Understanding the Business Cycle

The economy is constantly cycling through up and down activity, as the markets fluctuate daily. Having a better understanding of the various cycles can help you evaluate current business conditions. Experts use the cycles to make economic forecasts. Here are some quick tips on how to view these changes.

NOVEMBER HAPPENINGS

Murder on the Orient Express

Just after midnight, a snowdrift stops the Orient Express in its tracks. Isolated and with a killer in their midst, detective Hercule Poirot must identify the murderer before they strike again. An Agatha Christie classic! Nov. 1-13 at the Derby Dinner Playhouse in Clarksville.The ticket price includes dinner, show, tax and parking. Find more info here.

Bernheim Forest ColorFest

Bernheim’s annual fall festival, Colorfest, is back after a two-year hiatus. ColorFest is two days of affordable family fun surrounded by the spectacular beauty of fall at Bernheim. Families can enjoy favorite activites like the corn pit, mud pie kitchen, pumpkin rolling, nature games and giant slides. Other highlights include live music, hands-on nature activities, local food and drink, and Kentucky art and craft vendors. Runs from 10 am to 4 pm both Saturday and Sunday, Nov. 5 and 6. Click here for more info. 

Don’t Let the Pigeon Drive the Bus!

Theatre suitable for ages 3 to 12 at the Derby Dinner Playhouse. Kid-friendly buffet included in ticket price. Hop on board for an unforgettable ride! Based on the award-winning children’s book, this new musical features a mix of delightful songs and is sure to get your wings flappin’.Click here for details. 

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