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Banking & Finance

—File

Treasury4 secures more than $3.5M in seed funding

Fintech startup here said to be moving to commercialization
November 17, 2022
Virginia Thomas
Treasury4 Inc., a Spokane-based fintech startup formed last year, has secured more than $3.5 million so far in its second round of fundraising, which will be used to launch the commercialization phase of the company's software products.
Read More
—Karina Elias

Health care insurance rates soar in Spokane

Small businesses hit with double-digit hikes in some instances
November 17, 2022
Karina Elias
Small employers in Washington state face double-digit increases in health-care insurance rates for 2023, in some cases.
Read More

Downturn might be good time for Roth conversion

Bear market may make tax trade-off worthwhile
November 3, 2022
Rick Biel
One silver lining in the current bear market is that this could be a good time to convert assets from a traditional individual retirement account to a Roth IRA.
Read More

It's time to prepare for rising cost of borrowing

Higher interest rates can affect consumer behavior
November 3, 2022
Joseph Lanham
The Federal Reserve is expected to continue raising interest rates to counteract inflation. The prospect of rising rates may seem daunting for small business owners, but the reality so far may have been less worrisome.
Read More

Emotion can be inverse sign of next market trend

Daily headlines shouldn't shake long-term strategy
November 3, 2022
Michael Maehl
Last time we had a bad market was almost 15 years ago. And here we are again. The year 2022 may be known for more than just the size of the losses in the stock market. According to Morningstar, this may be the first time that all 20 types of taxable bond
Read More

SNAP commercial loan volume on track for record year

Organization hasn't recorded any defaults in past two years,financial stability director says
November 3, 2022
Erica Bullock
Increased demand for financial assistance at SNAP Financial Access led to a record $1.1 million in loans last year. This year, another record volume is within reach, says Karen Campbell, the organization's director of financial stability.
Read More
—Karina Elias

Cash stuffing craze resurfaces

Placing money in envelopes, digital money buckets are among savings methods
November 3, 2022
Karina Elias
With inflation increasing the cost of everyday expenses, 'cash stuffing” has become the latest trend on the social media platform TikTok, and other budgeting tactics also are on the rise, Spokane financial advisers say.
Read More

Embrace Adaptation for post-pandemic recovery

Automation, outsourcing, simplifying tasks can aid growth in tough times
November 3, 2022
Donald Morgan
Before COVID-19 turned the whole world upside, some in the financial industry were preparing for the future. At Independent Wealth Connections, we started adapting six years ago. I wish I could say I had a crystal ball that predicted the ramifications o
Read More
—Virginia Thomas

Mercer Global Advisors builds on Hart Capital's reputation

Former Spokane-based financial advisory firm expands service offerings under new ownership
November 3, 2022
Virginia Thomas
Since Hart Capital Advisors was acquired by Denver-based Mercer Global Advisors Inc. in the waning moments of 2020, the investment advising office has added an array of services.
Read More

Financial strategies can optimize charitable giving

Tactics range from cash to bunching contributions
October 20, 2022
Mary Lago
According to Giving USA, Americans contributed $466.23 billion to U.S. charities in 2021, and 67% of that-$326.87 billion-was given by individuals, not corporations.
Read More
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