Rick Bloom's Corner

Filing Bankruptcy – (Q & A)

  Dear Rick: My New Year’s resolution was to get my financial house in order. Plain and simple, it’s been a mess and I know I need to get my act together. After reading one of your recent articles, I did a personal balance sheet and a cash flow statement. I must tell you the […]

  Dear Rick: My husband and I are expecting our first child, hopefully by the end of the month. My husband and my original game plan was that once I had a child, I would stop working. Unfortunately, after going through our finances my husband and I both realize that that was not practical. Therefore, […]

Getting Your Financial House In Order

  Happy New Year! First, I would like to wish you and yours a very happy, healthy and prosperous 2020. It’s hard for me to believe that it is 2020. I can’t believe it was 20 years ago that everyone was worried about Y2K and how it would affect our computers. Obviously, things have changed […]


  With all the childishness and bickering in Washington, it’s hard to believe that anything can pass on a bipartisan basis. However, that is exactly what happened this week when Congress finally passed and sent to the President, legislation known as the SECURE Act. The President is expected to sign the legislation which will be […]

Filial Responsibility Laws (Q & A)

  Dear Rick: I have a couple questions I hope you can help me with. My situation is that I no longer have a relationship with my parents. We had a falling out about five years ago. My brother, who I do have a relationship with, recently asked if I would be willing to help […]

Personal Loans

  I read an article the other day that was somewhat of a surprise to me. The article was regarding consumer debt in America. It wasn’t surprising to see that the amount of student loan debt and debt to finance new cars have risen substantially over the last number of years. However, what was somewhat […]

  Dear Rick: My mother is a widow and is in her early 8Os. Since my father died five years ago, she has handled all her own affairs, including her investments. Over the last number of months, I’ve noticed my mom has slowed down and I have convinced her that I should take care of […]

Scams Surrounding Black Friday

  I first would like to take this opportunity to wish you and yours a very Happy Thanksgiving. What makes Thanksgiving or any holiday special is that we get to spend time with family and friends, so I hope you take this opportunity to enjoy your loved ones. Recently, I received an email from a […]

Year-End Charitable Contributions

It’s hard to believe that the holiday season is upon us! One thing that happens this time of year is that many of us make year-end charitable contributions. I think it is great that so many of us want to help those less fortunate. As I’ve said many times in the past, Americans are the […]

Roth IRA Conversion ~ (Q&A)

  Dear Rick: I got divorced in 2018. In the divorce settlement I received the house, our IRAs of about $75,000 and a monthly income for 10 years when I turn 65. Ever since I got divorced, I have not filed a tax return because I have no income. The money I receive from my […]

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