By Cindy Szymanski, CFP®, Financial Advisor   The Treasury Department is sure to make the latest acronym in the retirement investing world more popular: The “QLAC” or Qualifying Longevity Annuity Contract. This past July, the Treasury Department issued final rules on this investment product in order for Americans who may have inadequate retirement savings save [...]

By Ken Bloom, J.D., LLM, Bloom Asset Management It is very common for parents (or grandparents) these days to want to help their children or grandchildren financially.  That is especially true in today’s difficult economy, when many young people are struggling to get good jobs, buy their first home or even afford to attend college. In [...]

By Rick Bloom, J.D., CPA Bloom Asset Management With the baby boomers, which I am one, entering into retirement, there have been more and more articles written about Social Security. In the old days you retired and then you began to collect Social Security. It was relatively easy and there wasn’t much to really think [...]

By Jack K. Riashi, Jr., CFP ®, Financial Advisor If you do a Google search on “Alternative Investments” you get nearly 11 million results, which is incredible.  The key question is why are people doing searches on alternative investments?  Let’s explore….. Alternative investing originated in the institutional world via corporate and public pension funds, foundations and [...]

By Scott Whyte, AAMS®, Financial Advisor, Bloom Asset Management When I hold a seminar on Social Security, I try to cover topics that would impact a broad audience.  That’s why I generally don’t spend time discussing the Windfall Elimination Provision because it is primarily a consideration for those who have worked in a federal, state [...]

By Brian Weisberger, Investment Analyst What is old is new again. We always joked around that if you wait long enough that thing that was so “in-fashion” years ago will come back around and be the new “in” thing again. Well, it is happening in the financial world. No, I am not talking about fractional [...]

By Jonathan Goldberg, J.D., CPA Bloom Bloom & Associates   If you have ever been to the hospital or even a doctor’s office these days, you have probably heard the acronym HIPAA being used.  The Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) is a medical privacy law to safeguard one’s medical information.  Generally, [...]

By Cindy Szymanski, CFP®, Financial Advisor Bloom Asset Management With the constant changes and premium increases in health insurance, more and more employers are going with high deductible health care plans for their employees in order to trim their costs. If you enrolled in a high deductible company health care plan, you can also open [...]

By Jack Riashi, Jr., CFP®, Financial Advisor Bloom Asset Management And the debate rages on and on and on….You can’t open a financial magazine or newspaper these days without an article about how most investors should use passively managed index mutual funds to construct their investment portfolios. Famous investors like Jack Bogle and others have [...]

By Scott Whyte, AAMS®, Financial Advisor, Bloom Asset Management During the month of May, I presented seminars on Social Security at both the Sterling Heights and Troy public libraries. A topic that I received several questions on was survivor benefits. As with anything having to do with Social Security, there are always nuances and complexities, and [...]

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