Rick Bloom's Corner

  The other day when I was at the dog park, I was approached by a couple who had a question about their investments. I thought I would share their question and my answer with you. Basically, they told me they are not supporters of and do not like President Trump. They felt that because […]

Social Security

  A few weeks ago, I met with a potential new client about managing his portfolio.  The client’s game plan was to retire at the end of September.  At that point, he would then begin collecting his pension and social security.  He figured between the two it would cover the bulk of his expenses.  As […]

  Dear Rick: Would you know how safe my Social Security monthly payment is? I do hope and pray that it is safe. I just want your opinion. Thank you. Judy   Dear Judy: I have no doubt, whatsoever, that you will continue to receive your Social Security Benefits without cuts. When they talk in […]

               The other night I had the privilege of talking to a group of people at the Livonia Public Library.  My topic was about how to make your money last in retirement.  I thought I would share with you some of the issues that I discussed.             The first thing I highlighted was the […]

Inheritance Issues – (Q & A)

  Dear Rick: I will be getting a rather large inheritance in the near future. I’ve been told when it is all said and done it will be about $250,000. I have a couple of questions regarding my inheritance. The first is if I get divorced, does my husband automatically get half of it? I’m […]

Veteran’s Benefits

  Last weekend with picnics, barbecues and golf, we welcomed in the unofficial start of summer.  Unfortunately, for many Americans they forgot the true reason why we had a long weekend and that is because it was Memorial Day.   Memorial Day is the day we remember those who served our country and who made the […]

  Dear Rick: In about a month I am going to put my house up for sale. My best friend is an attorney who handles real estate transactions and he told me that I should try to sell the house on my own. He said he can handle all the paperwork that needs to be […]

Annuities

  I was watching TV recently when a commercial came on about annuities. The commercial made it out that annuities were the best things since sliced bread claiming that you could not lose money with them and they were an investment everyone should have, particularly in retirement. Like most commercials, there was some truth in it; […]

Home Equity Loan – (Q & A)

  Dear Rick: I have a problem that I hope you can help me with. I have talked to a couple of people but I don’t trust them. I am 55 and recently unexpectedly unemployed. I get severance pay and that ends at the end of September. I am going to try to find another […]

  Recently, I met with a longtime client of mine who told me that he and his wife are thinking about moving out of state to be closer to their daughter and grandchildren. He wanted to know what issues he should be considering in deciding whether to make the move or not. I thought I […]

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