6/1/04

Crude Up!

Hello:

The price of crude oil continues to rise as unrest overseas spurs concerns of supply disruption. Personal income increased last month, but spending rose slowly. The markets waffled on mediocre volume, while commodities appeared to gather strength. Watch for the Employment Report to be released Friday.

Talk to your donor about gifting the equivalent of the income with respect to decedent (IRD) to your organization. In many situations, all it takes is a conversation with their tax advisor and a change of beneficiary form for their retirement account.

Terri G. Millson, CIMC President

Ray Dicius, GEPC LPL Branch Manager