Eagle Harbor Financial
Navigating Your Future


The CPI report, released Wednesday, was unchanged for May, better than consensus estimates. Stocks and bonds in the U.S. moved higher with the S&P 500 up by nearly 1.4% mid-week as of Wednesday’s open while the yield on the 10-year Treasury rallied nearly 15 bps. Fed is expected to keep rates unchanged after the May meeting concludes Wednesday.
https://www.avantax.com/about/articles/mid-week-market-minute-6-12-24

International developed and emerging market stocks were lower while the S&P 500 index finished slightly higher last week. Through last week, the S&P 500 has advanced 5.3% for May, and the Nasdaq Composite index is higher by about 8%, ending the week at a record high. Key data will come on Friday with the April personal consumption and expenditures report.
https://www.avantax.com/about/articles/market-recap-week-ending-05-24-24

The S&P 500 index rose 1.9% last week. With 92% of S&P 500 companies having reported first-quarter earnings as of the end of last week, nearly 80% beat earnings forecasts. April’s CPI is due out Wednesday with expectations for core CPI (ex-food and energy) to come in at 3.6% on a year-over-year basis.
https://www.avantax.com/about/articles/market-recap-week-ending-05-10-24

Thinking of volunteering in retirement? Some considerations.
Volunteering in Retirement For many, retirement includes contributing their time and talents to an organization in need.

🩺💙 During National Nurses Week, we want to express our deep appreciation for the unwavering commitment of nurses. Their expertise, resilience, and compassion are essential in keeping our communities healthy. Let's take a moment to acknowledge their tireless efforts and the invaluable role they play in our healthcare system. Thank you, nurses! 🙌

📚 Attention students and families 📚 Don't forget that FAFSA submissions for the 2023–24 award year close June 30, 2024 at 11:59 p.m. CT.

How much you can increase your Social Security benefits? It might be worth the wait.

A tax-smart approach means we keep an eye on tax legislation, the future tax landscape and how it might affect your long-term plans.

Have you heard about the new retirement contribution limits from the IRS? Read about it in our new article.
New Retirement Contribution Limits for 2024 A look at the new, record-high retirement contribution limits from the IRS.

Does your business have a retirement strategy that fits your short, long-term needs?
Choosing a Retirement Plan that Fits Your Business To choose a plan, it’s important to ask yourself four key questions.

A tax-smart financial plan can help you keep more of what you earn.

The IRS announced adjustments for 2024, which address a few key areas:
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024.
What does that mean for you?
There are changes to capital gains tax rates, annual exclusion for gifts, estate tax exclusion, and more.
Have questions about the new rules? My office has 2024 tax resources that you may find helpful.
This material is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax professional before modifying your tax strategy.

Welcome to a new chapter in an already fantastic story. 🌟 Wishing you all the joy, peace, and success the New Year can hold.