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Banking & Finance

Redirecting gifts can make donors feel betrayed

Study finds contributors' negative reactions linger if contributions diverted
March 12, 2020
Guest Commentary
Americans love donating to charities. Charitable giving continues to grow in popularity as online donation platforms make it easier than ever to give. In 2019, over $500 million was donated online in the U.S. on Giving Tuesday,
Read More

Older investors outnumber young with financial plans

Saving often isn't priority before reaching mid-40s
March 12, 2020
Kevin Blocker
Paul Viren, owner of the financial investing firm Viren & Associates Inc., in downtown Spokane, says two-thirds of his nearly 600 clients are Baby Boomers. The average age among all his firm's clients is 56.
Read More
Natasha Nellis

Spokane's service network tries to do more with less

Organizations continue to face drops in membership
March 12, 2020
Natasha Nellis
Service organizations long have been a staple in the Spokane community, and despite dwindling membership numbers, they are still hard at work giving back to the community, with well over $500,000 in donations given in 2019.
Read More

What to do before saying 'I Do'

Address options such as joint accounts, prenups
March 12, 2020
Virginia Thomas
A wedding is typically a happy event, but what comes afterward can be anything but pleasant, if the newlyweds haven't planned how - or whether - to integrate their financial lives.
Read More

Spiceology Secures $500K in capital

CEO says company ahead of Q1 target
February 27, 2020
Kevin Blocker
Spiceology Inc., the Spokane-based spices and rub company, has raised $500,000 in venture funding and hopes to secure more in the near future, confirms company's CEO Chip Overstreet.
Read More

Inland Northwest Composite shows fourth quarter increase

Hecla Mining posts strongest Q4 gains
February 13, 2020
Natasha Nellis
The composite value of the region's seven publicly traded companies rose 7.7% to $12.5 billion in the fourth quarter of 2019, marking the fourth straight quarter in which the composite has risen, according to an analysis by Spokane-based financial
Read More

Designing the future requires cash-flow planning

Nonsavers may be stuck in perpetual debt crisis
February 13, 2020
Guest Commentary
Imagine building a house without blueprints or having any construction experience. The outcome is going to be unfortunate, if not downright dangerous. The same is true about financial planning. Unless we don't care what happens, we all ought to have a
Read More

Angel alliance launches fourth fund

Spokane-area investment group raises $2.75 million
February 13, 2020
Virginia Thomas
A group of investors has pooled their resources to help launch regional startups through Kick-Start IV, the fourth such angel investment fund composed of Spokane investors.
Read More

Study: Women face higher retirement hurdles

Research finds those in two-income houses at highest risk of falling short
February 13, 2020
Natasha Nellis
A lack of preparedness early in life is placing women - particularly married women - at a higher risk of falling short in retirement, says a new study by the Boston College Center for Retirement Research.
Read More
—Virginia Thomas

SECURE Act takes down the stretch

Provision removal makes it harder to sock away generational wealth
February 13, 2020
Virginia Thomas
The new federal SECURE Act makes it harder to sock away generational wealth on a tax-deferred basis, which creates the need to plan more carefully when giving or receiving an inheritance.
Read More
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