Eagle Harbor Advisors

If you've seen those tempting signs advertising luxury goods at bargain prices at pop-up auctions, you'll want to read this important warning. Recent investigations reveal concerning practices at these temporary auction events: - Items advertised as "fine art" and "luxury goods" are often worthless reproductions. - One victim spent $6,000 on a "Picasso" that was appraised at just $70. - The fine print states descriptions are "opinions," not "facts." - Once auctions conclude, phone numbers on promotional signs stop working. - Operators use multiple business names, making them difficult to track. The organizations behind these auctions have faced penalties, suspensions, and license issues across multiple states. Rep. Jan Schakowsky calls for an FTC investigation into these potentially deceptive practices. Industry expert Renee Jones advises that legitimate auctions have extensive marketing, online catalogs, proper websites, and visible licensing - unlike these questionable pop-ups that disappear overnight. #ScamAlert #ConsumerProtection #AuctionFraud #FakeArt #BuyerBeware https://lnkd.in/e3gbGrXF

⏰ Business Owners: The Federal Tax Deadline is March 17 Key Filing Requirements: S Corporations: ▪️File Form 1120-S to report income, deductions, and credits ▪️Distribute Schedule K-1s to shareholders Partnerships: ▪️File Form 1065 to report business income ▪️Distribute Schedule K-1s to partners Extension Option: ▪️File Form 7004 for a six-month extension ▪️If they extended, the new deadline would be September 15, 2025 ▪️Note: An extension only extends the filing deadline, not the payment due date With the March 17 deadline approaching, double-check all documentation for accuracy and completeness. If you anticipate any issues meeting the deadlines, consult with your tax, legal, or accounting professional and consider filing for an extension. #BusinessTaxes #TaxDeadline #PersonalFinance

Here's a stunning fact: Over 29 million forgotten retirement accounts hold nearly 1.65 trillion dollars in the U.S. With frequent job changes, it’s easy for retirement accounts to get lost. Left unattended, they can even be turned over to the state as unclaimed property. Here’s how to find them: 1️⃣ Check with past employers. HR or plan administrators can provide account details. 2️⃣ Search online tools like the National Registry of Unclaimed Retirement Benefits or MissingMoney.com. 3️⃣ Use state or federal resources to track unclaimed funds. 👍 Good news: The SECURE Act 2.0 has directed the Department of Labor to create a comprehensive, searchable database to make locating lost retirement accounts easier than ever. This tool is expected soon. If you or anyone you know has questions about potential missing retirement accounts, please don’t hesitate to contact us. #RetirementStrategy #401k #FinancialWellness #SecureAct

🌍 In a significant shift in global trade dynamics, the United States has emerged as Germany's largest trading partner in 2024, with total trade volume reaching 252.8 billion euros. This marks the first time since 2015 that China has been displaced from the top position. The data shows German exports to the U.S. grew by 2.2%, while trade with China experienced a 3.1% decline. This realignment comes at a crucial time as Germany navigates economic challenges and evolving international trade relationships. 🤝 Germany's trade surplus with the U.S. expanded to 70 billion euros, highlighting the strength of transatlantic economic ties. #GlobalTrade #InternationalBusiness #EconomicTrends #TradeRelations #GermanEconomy https://lnkd.in/eSPKz_-Z

🏗️ Single-family homebuilding saw an 8.4% decline in January 2025, influenced by severe weather conditions and ongoing market challenges. These numbers reflect a complex interplay of factors affecting the housing sector. 🏠 While housing shortages continue to support construction demand, the industry faces multiple headwinds. The combination of elevated mortgage rates hovering near 7% and increasing material costs presents ongoing challenges for both builders and potential buyers. Looking ahead, building permit data suggests steady underlying demand, though builders are focusing on completing existing projects rather than starting new ones. #HousingMarket #Construction #RealEstateNews #EconomicIndicators #BuildingTrends https://lnkd.in/eU_ZHxnK

💡For many, this is annual bonus payment season. What are your plans for this year’s bonus? Before you start considering your home improvement projects, vacations, or other splurges, any time you receive a lump sum of money, it’s worthwhile to think about the following: 👉 Step 1: Pay Off High-Interest Debt Tackle credit card balances first—knocking out high-interest debt can help you manage those costly payments. 👉 Step 2: Boost Your Emergency Fund If you haven’t already, set aside 3-6 months of expenses to help pay for unexpected events. 👉 Step 3: Grow Your Wealth Evaluate your strategy with tax-advantaged retirement accounts. A financial professional can offer some guidance if you have questions. 👉 Step 4: Balance Multiple Goals Not sure where to start? One idea to consider is splitting your windfall. For example: ▪️ 50% to debt repayment ▪️ 30% to savings ▪️ 20% to long-term investments ✨ Every dollar you manage intentionally today may improve the outlook for your financial future. Don’t waste these opportunities. #SmartMoney #WealthBuilding #DebtFree #FinancialGoals #MoneyManagement

Healthcare costs can be one of the most significant and often unexpected expenses in retirement. The decisions you make today about your health might have a lasting impact on your financial and physical well-being. February is National Wise Healthcare Consumer Month, so what can you do? Think of yourself as the CEO of your health: 🔍 Ask questions about recommended tests and procedures. 📋 Research providers to see if they align with your needs. 💬 Have an open dialogue about costs—knowledge is power when it comes to navigating care choices. Taking a proactive approach to healthcare isn't just about saving money—it's about looking to receive the best care possible. Small steps today can lead to better health and financial confidence tomorrow. #HealthCarePreparation #RetirementWellness #SmartChoices #FinancialHealth

🏆 History was made at Madison Square Garden! Monty, a spirited giant schnauzer, became the first of his breed to win Best in Show at the prestigious Westminster Kennel Club dog show. After coming close in previous years, this determined champion finally had his moment: ✨ Already won the American Kennel Club championship 🌟 Beat out six other exceptional finalists 💫 Going out on top - retiring from showing at age 5 As his handler, Katie Bernardin, noted through tears, "He always tries so hard." Here's to persistence paying off and breaking new ground! #WestminsterDogShow #DogShow #ChampionshipMoment https://lnkd.in/eq3ayhkk

The latest inflation data tells an important story about consumer prices. January's snapshot reveals some key trends: ⬆️ Overall inflation rose to 3% from 2.9% last month 🛒 Notable increases in: 🥚 Grocery prices (with eggs up 15.2%) ⛽ Gasoline costs 🚗 Car insurance rates 🛎️ Hotel accommodations What does this mean for the broader picture? The Federal Reserve remains cautious, with Chair Powell noting, "We do not need to be in a hurry" regarding rate adjustments. This suggests a measured approach to monetary policy as we navigate through 2025. #EconomicTrends #Inflation #MarketInsights https://lnkd.in/eEvSXddH