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Banking & Finance

Volatile expectations call for market-risk mitigation

'Too much of a good thing' fuels investor nervousness
April 12, 2018
Richard Cloutier
Equities are continuing their recent selloff and prices are showing more volatility. The S&P 500 is dropping close to its February lows-its first major pullback since early 2016. The U.S. economy currently is expanding at an annual rate of about 2.5 pe
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Gesa Credit Union set to open fourth Spokane-area office

Tri-Cities-born credit union looks to expand further here
April 12, 2018
Keith Erickson
In response to a growing customer base in Spokane, Gesa Credit Union will open its fourth Spokane-area office next month. The Richland, Wash.-based credit union, celebrating its 65th anniversary this year, has enjoyed steady growth in the Lilac City sinc
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—Samantha Peone

Financial planning for caregivers

McDirmid helps clients with special-needs dependents
March 15, 2018
Samantha Peone
According to the Danbury, Conn.-based National Organization for Rare Disorders, 30 million Americans-about 1 in 10-live with a rare disease, which is a disease that affects fewer than 200,000 people. There are about 7,000 known rare diseases, NORD say
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

Adviser: Set realistic retirement funding plan

Saving can be less stressful if using adjustable scale
March 15, 2018
Todd Radwick
Saving for retirement can be a daunting and intimidating task. Various formulas abound, are everywhere, and readily provided by financial planners, advisers, and websites. They allow you to plug in your information to account for your goals, time left to
Read More
—LeAnn Bjerken

Tax law changes expected to reduce charitable giving

New strategies emerging to maximize deductions
March 15, 2018
LeAnn Bjerken
As the end of tax season looms, financial experts both here and nationally are predicting provisions in the new Tax Cuts and Jobs Act could change how taxpayers plan to contribute to charity this year. Most agree the changes are likely to alter taxpayer
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—Kevin Blocker

Global Credit Union is considering building two new retail buildings

Two structures envisioned on downtown's west end
March 15, 2018
Spokane-based Global Credit Union is considering construction of two commercial structures on the western edge of downtown. One structure is planned on a lot just north of its corporate office building at 1500 W. Fourth and the other across Fourth Avenue
Read More

The good, bad, ugly about donating under new rules

Larger standard deduction complicates write-offs
March 15, 2018
Rob Blume
The new Tax Cuts and Jobs Act takes effect this year, and Americans are hard at work deciphering what the changes mean. One goal of the new tax law was to simplify filing for more taxpayers. Consequently, the standard deduction has nearly doubled, elimina
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Blockchain technology makes its way into the Inland Northwest

Mechanism supporting cryptocurrency said to be alluring to some
March 15, 2018
Samantha Peone
Christopher Armitage, co-founder and co-owner of West Plains-based cleaning business Armitage Cleaning LLC, predicts that 10 years from now blockchain technology will be so omnipresent in society that people will use it daily without even appreciating how
Read More
—LeAnn Bjerken

Chimney Rock Mortgage strives to keep lending local

Financer hopes to make 200 home loans this year
March 1, 2018
LeAnn Bjerken
Despite potential challenges posed by recent upticks in interest rates, Mike Hogan, loan officer and branch manager for Spokane-based Chimney Rock Mortgage LLC, says he believes there are still opportunities for growth in Spokane's home lending markets.
Read More

Most of old Ridpath Annex to be demolished

Washington Trust to remove top four floors as part of renovation
March 1, 2018
Samantha Peone
Washington Trust Bank, which owns the former Executive Court building at 501 W. First downtown, plans to remove the second through fifth stories of the five-story structure, says Katy Wagnon, spokeswoman for the Spokane-based bank. Construction begins on
Read More
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