Rick Bloom's Corner

Medicare Open Enrollment

October 15 is an important day for seniors. On October 15, open enrollment begins for Medicare. This is the one time of year that you can make a change in your Medicare coverage. Whether it’s changing from or into a Medicare Advantage Plan or changing your Medicare D Prescription Drug Plan, the open enrollment period […]

When to Retire

  Dear Rick: My wife and I just received an inheritance, and I would like to know if you think we have enough to retire. My wife thinks we would be working for a few more years, while I think we should retire. Our current situation is that we have no debt and including vacations, […]

Federal Student Aid

  It seems that college kids have just gone back to school and you already have to start thinking about next year. For those of you who currently have children in college or children that will be entering college next year, now is the time to start thinking about federal financial aid. As of October […]

Investing

  Dear Rick: About five years ago I wrote to you seeking your advice about investing, and you told me that the best investment I could make would be to pay down my debt. At the time, I had a substantial amount of charge card debt. I took your advice and now five year later, […]

Finances After Divorce

  Dear Rick: I have a couple of different questions that I hope you can help me with. My situation is I’m in my early 50s and was divorced earlier this year. I was married for over 25 years and during that time period we always filed a joint return. Last April my husband and […]

Year-End Planning

  With the weather as nice as it’s been, it seems a little early to write a column like this; however, the calendar says otherwise. What I am referring to is year-end planning. It’s hard to believe we’re talking year-end; however, as we enter the fourth quarter of 2018, we realize there’s not much time […]

Voting Your Proxy Statement

  Dear Rick: I’ve been a mutual fund investor for years and the other day I received a call from a company and they basically were encouraging me to vote my proxy statement. I’ve never voted in the past and I was surprised that I received a phone call. My first question is why do […]

Knowing When to Accept a Deal or Offer

  I recently had a call from a client who stated that he received an offer that sounded so good that he couldn’t believe it. He wanted my opinion as to whether he should pursue the deal or not. Basically, the deal dealt with refinancing his home using a home equity loan. The client currently […]

(Q & A) Pre-Nuptial Agreement

  Dear Rick: I have an estate planning issue I hope you can help me with. About 10 years ago I got married for the second time. At that time I decided that it would make sense to do a pre-nuptial agreement, which we did. As part of that pre-nuptial agreement we both agreed to […]

Estate Planning

  Michigan just lost another icon with the death of Aretha Franklin. Amidst all the tributes and stories about Aretha and her career, I read an article that stated she passed away without a will or a trust. According to her attorney, he advised her to do some estate planning, but for whatever reason, it […]

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