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By Rick Bloom, J.D., CPA Bloom Asset Management Last week at a talk I gave I was approached by a couple who wanted to know my thoughts on reverse mortgages. They wanted to know if they were gimmicky or something that they should consider. My answer was that I did not think reverse mortgages were [...]

By Ken Bloom, J.D., LLM Bloom Asset Management Fall is a perfect time to begin tax planning for 2014, because waiting too long can be disastrous. This year tax planning is especially challenging because Congress has failed to act on many tax breaks that expired at the end of 2013. Given the gridlock in Washington [...]

By Jack K. Riashi, Jr, CFP®, Financial Advisor, Bloom Asset Management If you haven’t heard the news by now, Bill Gross, the long-time portfolio manager and co-founder of PIMCO, announced he left the firm to take a position to manage a new bond fund at Janus Funds on Friday, September 26. While the timing of [...]

By Scott Whyte, AAMS®, Financial Advisor, Bloom Asset Management The Social Security Administration(SSA) announced recently that they have resumed mailing benefits statements which let workers know what they can expect to receive when they start drawing Social Security benefits. The SSA phased out the mailing of statements in 2011, which allowed them to save about $70 [...]

Planning for Death

By Jonathan Goldberg, J.D., CPA, Bloom, Bloom & Associates Recently, talented actor and comedian Robin Williams committed suicide. Joan Rivers had a complication from surgery and died due to the complication. Both cases provide us with an example of the importance of having a well thought-out estate plan. When someone dies, it does not matter [...]

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 [...]

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