Archive of: Retirement

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People on the Move

Shelley Foltz has earned Certified Commercial Investment Member designation. She is managing broker of The Rants Group.

Carolyn Graden has earned Certified Commercial Investment Member designation. She is a commercial broker for The Rants Group.

November 2010

Around the Sound

Information about how to keep savings and investments safe will be available during free presentations at Pierce County Library System. Participants will learn techniques to safely and wisely select investments for their portfolio in today's challenging economic times. Sessions are scheduled for 11 a.m. to noon Nov. 13 at Gig Harbor Pierce County Library, 4424 Point Fosdick Drive N.W.; 11 a.m. to noon Nov. 23 at South Hill Pierce County Library, 15420 Meridian East; 11 a.m. to noon Dec. 9 at Sumner Pierce County Library, 1116 Fryar Ave.; and 11 a.m. to noon Dec. 16 at Parkland/Spanaway Pierce County Library, 13718 Pacific Ave. South. Registration required. Click here for more information.

Want to know the latest tax changes that will affect you and your company? Come to the Institute of Management Accountants' annual tax update at 4:30 p.m. on Nov. 13 at the Tacoma LaQuinta.  The dinner meeting follows at 6:40, and the presentation topic is Earth Economics - Triple Bottom Line. Click here for more information or to register.

November 2010

Securities market back at pre-crisis levels

Following 2008's dramatic decline of the securities markets, by the end of 2009 institutional investors had registered substantial gains across virtually all classes of financial instruments including pension funds, mutual funds, insurance companies, savings institutions and foundations.

November 2010

Blog watch: Special sessions, making money and financial forecasts

Find out why a special legislative in Olympia is growing more likely at WashACE Blog.

Interested in "Making Money with New Money"? The Live Wire has details about an upcoming seminar that could help you do just that.

November 2010

State recovers $11.7 million for public pension funds

Washington's investment fund for several public pension systems will receive $11.7 million from State Street Bank as part of a settlement agreement negotiated by The Office of the State Treasurer, the Washington State Investment Board and the Attorney General's Office.

The resolution stems from a contract dispute over the pricing of foreign exchange transactions executed between 1997 and 2007 while State Street was the custody bank for the WSIB.

October 2010

Social Security will not go up in 2011

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 58 million Americans will not automatically increase in 2011, the Social Security Administration announced today in confirming reports earlier in the week.

The Social Security Act provides for an automatic increase in benefits if there is an increase in the Consumer Price Index from the third quarter of the last year.

As determined by the Bureau of Labor Statistics, there was no increase from the third quarter of 2008, the last year a COLA was determined, to the third quarter of 2010. Therefore, under existing law, there can be no COLA in 2011.

October 2010

People on the Move

John Doan, Joe Ingoglia, Stephanie Pickernell and Kari Qvigstad have joined the Leadership Thurston County Board of Regents. Doan is the city administrator for Tumwater. Ingoglia is executive director of the Boys and Girls Clubs of Thurston County. Qvigstad is marketing and business development director for the Port of Olympia. Pickernell is the associate development adviser for Lucky Eagle Casino.

Jon M. Jones has been appointed to the board of the South Sound YMCA. He is president and CEO of Washington Business Bank.

October 2010

People on the Move

Zella Kahn-Jetter Ph.D.has been named dean of the School of Engineering at St. Martin's University. She has more than 20 years of experience in Catholic higher education and currently serves as the chair of the Mechanical Engineering Department at Manhattan College, a private Catholic college in New York. Kahn-Jetter will assume her deanship in January.

Colleen H. Gillespie has been named chief advisory officer of Olympia-based Cambridge Wealth Management. She has a bachelor's degree in social work from Eastern Washington University and a dual master's degree in public administration/health administration from Portland State University.

September 2010

Two-thirds of Weyerhaeuser shareholders opt for cash special dividend

Holders of about 66 percent of Weyerhaeuser Co. shares have elected to receive a special cash dividend related to the company's intent to convert to a real estate investment trust.

Shareholders of record at the close of business on July 22 were able to elect stock or cash for the special dividend of $5.6 billion, with the total cash distribution limited to 10 percent, or $560 million. The election period closed at 5 p.m. Eastern time on Aug. 23.

August 2010

People on the Move

Joel Shabel has joined GVA Kidder Mathews' Tacoma brokerage division as an associate vice president. He previously worked for Colliers International, where he completed more than $40 million in commercial real estate transactions. Shabel specializes in office properties.

Shannon King-Wilson has joined John L. Scott Graham as managing broker. She has many years of business and real estate experience.

August 2010
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