Age discriminationagainst people age 50 and older robbed the economy of $850 billion in 2018,according to a new AARP report.Research shows thatthe 50-plus population contributed 40 percent of the U.S. Gross DomesticProduct, or GDP, in 2018, creating 88.6 million jobs and generating $5.7trillion in wages and salaries through jobs held...
By Beau RuffSometimes theconcept of financial planning is considered distinct from the more laboriousand esoteric task of estate planning.The financial planis the “low hanging fruit” that is first to be addressed. However, in manyimportant respects, the two should be considered contemporaneously to establisha more robust, holistic plan.A brief review ofeach...
By Ben MessingerFor many of us, retirement funding is acentral fixture of our financial plan and one of the most importantconsiderations is determining the income necessary to sustain a desiredlifestyle. Knowing the true income need for yourlifestyle is the foundation of determining what capital resources must beacquired, which is then...
AARP Washington ischampioning a bill to require employers that do not offer retirement plans tomake an “automatic enrollment” Individual Retirement Account available to theirworkers.House Bill 2516, the“Secure Choice Retirement Savings Program,” was pending in the House ofRepresentatives in mid-February.AARP says the bill isa necessary antidote to a retirement crisis that...
By Shelley KennedyIt might not have made the headlines but a recently passed piece of legislation could affect the individual retirement accounts and 401(k)s of millions of Americans beginning in 2020. So, if you have either of these accounts or if you run a business, you’ll want to learn more.The...
In the runup to the 2020 Legislature,Gov. Jay Inslee made headlines with a stark warning to the Boeing Co: Build yournext plane in Washington or billions in tax credits could be in jeopardy.Tax breaks for the aerospace industryaren’t at the top of Olympia’s agenda —the short, 60-day session that beganJan....
The stars lined up for West Richland taxpayers in December,when the city sold nearly $12.5 million in bonds to pay for its new policestation at the former Tri-City Raceway.Their 2020 property tax bills won’t go up as much asinitially projected. The city is paying less to finance its debt than...
More than $1 million has been invested in Richland-based Hummingbar, providing the startup with quick success, place on grocery store shelves nationwide.A Richland company continues to grow in local investments less than a yearafter churning out its first nutrition bars made from hemp. Hilary KelsayHumming Hemp’s Hilary Kelsay, chief executive...
Ideal Option grew from one to 65 clinics over eight yearsA nondescript and unassuming collection of buildings along Kennewick’s busy West Gage Boulevard provides a lifeline to patients saddled with opioid addiction, including the rising use of fentanyl pills. What started as a small clinic grew into a veritable campus and...
A prominent Tri-City homebuilder filed for personal bankruptcy in late January, 11 months after asking the court to liquidate his business.Marco Solferino, owner of Solferino Homes, also known as M | S Homes, and his wife, Nicole, filed for personal bankruptcy under Chapter 7 of the U.S. Bankruptcy Code on...
