Rick Bloom's Corner

Can You Afford to Retire?

  I recently met with a potential new client, and unfortunately, I had to give them bad news. What I told them is that based upon their current financial situation, they could not afford to retire. The couple was shocked when I gave them the news because as they said, they had met a few […]

Telephone Scams

  The other day I got a phone call. The phone rang and since I didn’t recognize the number I let it go to voicemail. When I played the message back, the voice was very harsh and told me that a criminal indictment is being filed against me for non-payment of taxes. The call went […]

  Dear Rick: My wife and I turned 66 earlier this year and have both just retired. I have a pension and my wife does not. Between my pension and Social Security, we bring in about $8,000 a month. We have no debt as our house is paid off and we plan to do a […]

Memorial Day

  Sometimes I just don’t know where time goes. It just seems like yesterday we were celebrating New Year’s and now we just celebrated Memorial Day. For most people, Memorial Day is a day off from work and a day that family and friends get together and enjoy each other’s company. But even more importantly, […]

  When it comes to Social Security most people are generally concerned with whether Social Security will be around for them or not and what is the best time for them to collect their benefit. Is it at 62, 66 or even waiting for 70? There is no doubt that these are important issues that […]

Considering Bankruptcy ~ (Q&A)

  Dear Rick: I have a problem I hope you can help me with. A few years ago I got divorced. The main reason for the divorce was the fact that my husband virtually lost all our money. He invested in a variety of oil wells and they all went belly up. At the time […]

Required Minimum Distributions

  Dear Rick: In April I turned 70, am still working and plan to work for a few more years. I have some questions regarding my required distributions that I hope you can help me with. My first question is, I was told that since I am still working I do not have to take […]


  It’s hard to believe, but it’s that time once again when high school and college students will be graduating. I first want to take the opportunity to congratulate all the graduates and their families and to wish them much success in the future. I also would like to remind the graduates that even though […]

Reverse Mortgage

  Dear Rick: I’m in a situation that I hope you can help me with. My mother is 80 years old and still very sharp but also very stubborn. Her overall health is not good, and her doctor has told her that she only has a few years left. My mother lives by herself in […]

  Last week I became a great uncle again as my niece Jennifer gave birth to a beautiful baby daughter. It got me thinking that I haven’t written an article in a while about what parents of a newborn child should do from a financial and legal standpoint. Therefore, I thought that I would mention […]

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