Tax Saving Strategy for the Charitably Inclined

Paul Hansen, CFP®, HFG Trust Financial Advisor

 

As the US Government persists in finding new ways to increase tax revenue, taxpayers must continue to look for legitimate options to reduce their tax liability both now and in the future.  Tax reduction strategies are often focused on delaying the payment of tax into future years so that …

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2019 Business on a Roll Award

William Wang CFP is the President and Marketing Director of HFG Trust in Kennewick, Washington.

Community First Bank & HFG Trust Receive 2019 Business on a Roll Award

 

Aristotle once said, “The whole is greater than the sum of its parts.”

While he may not have been referring specifically to the business world, the concept certainly applies: The output of a good team often …

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Managing Financial Anxiety During the COVID-19 Pandemic

Anthony Smith CFA is the Portfolio Manager at Community First Bank and HFG Trust in Kennewick, Washington.

Ten weeks ago, we wrote the Don’t Panicarticle. At the time, the S&P 500 had fallen nearly 13% from its February 19th all-time high. That article didn’t age well initially, considering the S&P continued falling (and falling some more) before bottoming out on March 23rd

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Deflation: Who Doesn’t Like Lower Prices?

Anthony Smith CFA is the Portfolio Manager at Community First Bank and HFG Trust in Kennewick, Washington.

Unprecedented fiscal stimulus. Extraordinary money creation. Historically low interest rates. Troubling meat shortages. Prices only have one way to go: Up! Right? Wrong.

Watch out for deflation.

Fiscal stimulus increases the quantity of goods and services demanded; money printing devalues the dollar; low interest rates lead to overheating economies; and …

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The 5 Estate Planning Documents Everyone Should Have

Jenny Hubbard is the Trust Administrator at Community First Bank and HFG Trust in Kennewick, Washington.

End of life decisions are some of the hardest and most emotional decisions you will ever make. As you take the time to consider your family, friends, and belongings, the process can be very overwhelming. The principal benefit of an estate plan is the preparation of a clear vision of …

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How to Maximize Your Roth IRA During a Bear Market

K. Paul Hansen CFP CPA is a financial advisor at Community First Bank and HFG Trust in Kennewick, Washington.

During periods of extreme market volatility, like we’ve had during the first quarter of 2020, wise long-term investors will find ways to channel their angst (over things they can’t control) into taking a strategic look at their accounts for potential long-term tax planning opportunities.

For those of us who have …

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3 Retirement Planning Habits to Start in Your 20s

Megan Farrow is a Wealth Planner at Community First Bank and HFG Trust in Kennewick, Washington.

Entering the real world as a career driven adult fresh out of college is one of the scariest steps I have ever taken. I attended school, earned good grades, graduated from college—now what? I’d spent my whole life knowing exactly what my next steps were until I suddenly found myself …

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CARES Act Part I: Key Provisions Explained

Megan Nichols CFP is a Financial Advisor at Community First Bank and HFG Trust in Kennewick, Washington.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act is an approximately $2 trillion emergency fiscal stimulus package created to help ease economic effects resulting from the global pandemic, COVID-19.

The following is a high-level overview of some of the act’s key provisions as they pertain to individuals and small …

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CARES Act Part II: The Paycheck Protection Program Explained

Forrest Alexander is the Business Development Director at Community First Bank and HFG Trust in Kennewick, Washington.

A significant benefit included in the CARES Act for small business owners is the Paycheck Protection Program (PPP), a partially forgivable loan program offered through the Small Business Administration (SBA). The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on the payroll …

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