Blog Investment & Financial News
FAFSA Changes Coming
Written by Guest Contributor: Brady Woodford along with Chelsie M. Smith, CFP® What is FAFSA? Started in 1992, the Free Application for Federal Student Aid (FAFSA) is a form the federal government provides for upcoming and returning college students to apply for financial aid. FAFSA provides students and families with fixed-rate federal loan options or grants…
Employee Spotlight: Susan Van Tress
This month we are highlighting Susan Van Tress, our Chief Operations Officer. Susan has been with Leonard Rickey Investment Advisors for 23 years and works out of our Richland office. Get to know more about Susan below! If you could pick any superpower, what would it be and why? I would have the power to…
Employee Spotlight: Molly Hoff
If you haven’t had a chance to get to know Molly in our Yakima Office, here is your chance to learn some fun facts about her. She has been with Leonard Rickey Investment Advisors since 2005! Thank you for all you do! Q: What do you love most about your job? A: The people…
When do I start my Required Minimum Distribution?
The Required Minimum Distribution (RMD) from an IRA or Employer-Sponsored retirement account began at age 70.5 for many years. It was then increased to age 72, then to age 73, and for some to age 75. So, the question remains for some; at what age will I start my Required Minimum Distribution? Below is a…
UPDATE: Washington State Long Term Care Payroll Tax
A new payroll tax set to begin in 2022 to help fund Long Term Care for Washington residents was delayed 18 months. The WA Cares Fund is intended to provide some Long-Term Care benefits to residents and is funded by a .58% payroll tax. It is now set to begin in July 2023. Exemptions Workers…
Introducing our Kirkland Office!
We are excited to announce that we have joined the Kirkland, WA community! Our new office is located at 826 6th St. S, Suite 100, Kirkland, WA  98033 (by Google). Our Seattle office at Boeing field is closed. An advisor will be in our Kirkland office every week to meet with clients. We are also accepting…
Charles Schwab and TD Ameritrade Update
As you may already know, Charles Schwab purchased TD Ameritrade in 2019. If your accounts are with TD Ameritrade, they will transition to Charles Schwab over Labor Day Weekend 2023. On or about Tuesday September 5, 2023, Charles Schwab will become the custodian of your accounts. Leonard Rickey Investment Advisors’ role will stay the same.…
2023 2nd Quarter Investment Commentary
The S&P 500 broke out of its yearlong trading range, producing positive returns for the third quarter in a row. Excitement around artificial intelligence propelled growth stocks to outsized gains. Economic data came in better than expected as growth continued to be resilient, and inflation continued to moderate. Our technical indicators were positive while our…