Retirement
Department of Commerce launches new, improved Retirement Marketplace
The Washington State Department of Commerce announced Feb. 12 that it has launched the new Retirement Marketplace, a one-stop website that helps owners of small businesses and individuals comparison shop for retirement savings plans. All plans on the marketplace are from private financial firms that have been verified by the state Department of Financial Institutions. …
AARP study: Age discrimination costs economy billions a year
Age discrimination against people age 50 and older robbed the economy of $850 billion in 2018, according to a new AARP report. Research shows that the 50-plus population contributed 40 percent of the U.S. Gross Domestic Product, or GDP, in 2018, creating 88.6 million jobs and generating $5.7 trillion in wages and salaries through jobs…
Your financial planner and your attorney should be talking
By Beau Ruff Sometimes the concept of financial planning is considered distinct from the more laborious and esoteric task of estate planning. The financial plan is the “low hanging fruit” that is first to be addressed. However, in many important respects, the two should be considered contemporaneously to establish a more robust, holistic plan. A…
Retirement planning starts with honest assessment of your spending today
By Ben Messinger For many of us, retirement funding is a central fixture of our financial plan and one of the most important considerations is determining the income necessary to sustain a desired lifestyle. Knowing the true income need for your lifestyle is the foundation of determining what capital resources must be acquired, which is…
AARP pushes for automatic IRAs to boost retirement savings
AARP Washington is championing a bill to require employers that do not offer retirement plans to make an “automatic enrollment” Individual Retirement Account available to their workers. House Bill 2516, the “Secure Choice Retirement Savings Program,” was pending in the House of Representatives in mid-February. AARP says the bill is a necessary antidote to a…
Be alert to significant changes in retirement plans
By Shelley Kennedy It 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 new laws, collectively…
Chiropractor moving to metal manipulation
Practitioner to retire, return to first career as welder When Bob Tollison, a Tri-City chiropractor, wants a workout, he doesn’t head to the gym. Instead, his preferred fitness routine is a visit to the Plumbers and Steamfitters Local Union 598 in Pasco, where he dons his gear and perfects his welding skills. The skills needed…
Investment advisor offers pet care plan
Forever Friends plan aids pets after their owners die Many seniors’ wills include provisions for who gets their dog, cat, horse, guinea pig or other furry or feathered friend when they die. But what if the appointed guardian for the surviving pets can’t or won’t take them? What if the pets unintentionally end up at…
Planning key to independence in retirement
By Eileen L. Griffin A recent Wall Street Journal column attempted to dispel the myth of an impending retirement crisis in the United States. It said most private sector employees are well prepared for retirement, having saved and invested for many years with both employer-sponsored plans and Individual Retirement Accounts. Recent data indicates 61 percent…
Tender Care Village needs volunteers before it can add new members
Marie Duncan has been living alone for 45 years and she’d like to continue to enjoy her “little view of the river” from her Kennewick home for as long as she can. The 92-year-old credits the Tender Care Village for enabling her to remain independent at her own home. “It’s just wonderful. I just can’t…
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