Rick Bloom's Corner

Financial Question – (Q & A)

  Dear Rick: My husband and I are going back and forth on an issue and we would love your thoughts. From a financial standpoint we’re in good shape. My husband’s pension along with our Social Security covers all of our living expenses. In addition, we have about $150,000 in our IRA, an emergency fund […]

April 17th Tax Filing Deadline

It’s that time of year again where people are rushing to organize their tax info and to have their returns completed by the April 18th deadline. This year because April 15th falls on a weekend, the returns are due on the 18th. That being said, there are some issues that are important to keep in […]

The ABLE Plan – (Q & A)

  This past Sunday, March 12, a column titled, “Communication important in these divisive times” was inadvertently published in the printed newspapers and on the paper’s website using my byline and photo. It was not my column. The column was the work of another author with the same last name and the Observer & Eccentric […]

Handling a Medical Emergency

  I want to make my readers aware that the column posted and printed in Sunday’s Observer titled “Communication important in these divisive times” under my byline and photo was not my column. The column was the work of another author with the same last name and the Observer inadvertently used my name and photo. […]

  I recently started a new job, and I’m eligible to participate in their 401(k) plan immediately. So I have two questions. Should I consider transferring my previous 401(k) plan to my new plan? And, should I invest primarily in target-date funds since they seem to make the most sense? I heard that target-date funds […]

Bond Funds – (Q & A)

  I’ve been reading on the Internet and in financial publications that when interest rates start to climb, investors should dump their mutual funds that own bonds because the funds will decline in value. On the other hand, I heard it made more sense to own individual bonds because they never lose money and you’ll […]

  Dear Rick: I have a little dilemma I hope you can help me with. I have been divorced for about five years. At the time of the divorce my ex-wife and I sold our house and split the proceeds. Since that time, I have been renting. A couple years ago, I moved out of […]

Unclaimed Property

Every year or so I write a column about unclaimed property and I thought it would be a good idea to do one of those columns now.  There are literally tens of billions of dollars of assets that owners have forgotten about that have been turned over to the government.  These include things such as […]

Jumping Back into the Market – (Q & A)

  I made a mistake when it comes to my investments that I hope you can help me with. I’m in my early 40s and in good financial shape. My salary more than covers my living expenses and other than a small mortgage, I am not in debt. My main goal when it comes to […]

  I just read a new report from Fidelity Investments. Fidelity did a new study and part of the study dealt with the issue of parents discussing their estate plans with their adult children. Unfortunately, I was not surprised by the results. According to the study, 70% of couples surveyed believed they have had detailed […]

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