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Banking & Finance

Spokane-area community banks counter failure fears

Institutions here more balanced than larger ones that recently failed
April 13, 2023
Erica Bullock
Many community and regional bank leaders here are focused on alleviating customer fears that two recent large bank failures could lead to further collapses in the banking industry. Such fallout hasn't materialized at community banks in the Inland North
Read More

Kick-Start V venture-capital fund generates $3.8M

Capital will be invested in 15 to 20 companies over next three years
April 13, 2023
Karina Elias
Spokane angel investor Tom Simpson says he has completed fundraising for Kick-Start V, a $3.8 million venture capital fund to invest in local and regional startups.
Read More

Noncompete agreements have varying support

Case here demonstrates ongoing complexities of restrictive covenants
March 30, 2023
Karina Elias
At the start of the year, the Federal Trade Commission proposed a rule that would ban employers from imposing noncompete clauses, a practice it claims suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses.
Read More

Crypto donations are unpopular as giving strategy

Digital money's volatility, speculative nature raises concerns among advisers
March 16, 2023
Erica Bullock
Some financial advisers here say they're uninterested in recommending or servicing cryptocurrencies as planned giving strategies due to the speculative nature of cryptocurrency valuations coupled with a lack of regulation.
Read More

Donor-advised funds are useful for strategic giving

Tax-advantaged tool assists in enhancing philanthropic impact
March 16, 2023
Casia Chappell
In the midst of tax season, charitably inclined people who itemize their deductions will, at some point, endure the hassle of checking folders, emails, and letters to track down a year's worth of donation receipts to provide to their tax professionals.
Read More

Some tactics can reduce liabilities for passing wealth

Gifts to future generations aided with efficient plans
March 16, 2023
Michael Maehl
When it comes to gifting assets to future generations, many families are rightfully concerned about the potential tax effect. In other words, how and when should they pass down their assets to ensure that the greatest amount possible actually gets to
Read More

Griffiths, Dreher & Evans acquires firm

Janice Penar CPA/PFS served more than 75 clients
March 2, 2023
Virginia Thomas
Spokane Valley-based investment advising and accounting firm Griffiths, Dreher & Evans PS CPAs has acquired a smaller accounting firm with clients here and in Cheney. Deanna Dreher, a certified public accountant and shareholder
Read More
odd Radwick, president of Radwick Financial Group LLC, of Winthrop, Wash., is an insurance and financial adviser. He can be reached at 509.996.3425 and at  todd@radwickfinancial.com

Fixed index annuities are option in inflationary era

Payouts can keep pace with rising cost of living
February 16, 2023
Todd Radwick
Fixed indexed annuities-and their ability to guarantee zero market losses while providing a guaranteed life income-are to small business owners and the private sector what defined benefit pension plans are to government employees in the public
Read More

Living in retirement requires strategy

Defining goals will help tailor savings, resources to fit individual situations
February 16, 2023
Michael Maehl
Arriving at your retirement date with no real idea as to how you'll be able to live without that regular paycheck is not a good strategy. Consider using the following guidelines to help create your retirement roadmap.
Read More

Federal incentives launched for starting retirement plans

Dollar-for-dollar tax credit included in spending bill
February 16, 2023
Clay Randall
Congress waited until the last minute, Dec. 29, 2022, to pass the comprehensive Consolidated Appropriations Act of 2023. While largely a spending bill, one of its components, the SECURE Act 2.0, is a far-reaching set of changes and additions to the
Read More
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