Rick Bloom's Corner

A Tax Problem – (Q & A)

  Dear Rick: I have a tax problem that I hope you can help me with. I am in my early 40s and about seven years ago I invested a substantial amount of my IRA into a real estate venture. I was told at this time that it was very safe and secure. Unfortunately, it […]

Investments and our Ever-Changing World

  The other day at the dog park I was approached by a man who appeared to be in his early to mid-70s. The gentleman told me he was not happy with a couple of my recent columns. Of course, I asked him what he disagreed with and he explained to me that he sells […]

A Tax Problem – (Q & A)

  Dear Rick: I have a tax problem that I hope you can help me with. I am in my early 40s and about seven years ago I invested a substantial amount of my IRA into a real estate venture. I was told at this time that it was very safe and secure. Unfortunately, it […]

Holiday Shopping

  It seems every year I’m writing this column earlier and earlier. Just the other day I read a story that Amazon, Walmart, and other large retailers are now starting their holiday sales. It used to be that holiday shopping started after Thanksgiving, not anymore. Because the holiday shopping season is starting earlier and earlier, […]

Annuities – (Q & A)

  Dear Rick: I need your help. I am in my early 60s and because of health issues, I have to retire. From reading your past columns, I have decided to delay social security for a few years. My wife is going to continue to work, but her salary won’t cover all our living expenses. […]

FAFSA Application

  If you have a child who is going to be in college next fall, the time to apply for financial aid is now. It used to be that you could not submit your FAFSA form before January 1st, however, those rules have changed. As of October 1st you are now allowed to file your […]

Selling a Home – (Q & A)

  Dear Rick: My brother and I own a house together that we inherited from our parents. We have owed the house for about five years and we finally have decided to sell it. My brother thinks that we can sell the house on our own. We think the house is worth around $300,000 and […]

End-of-the-Year Tax and Financial Planning

  It’s hard to believe that there are only a couple months left in 2017. It’s amazing how fast time goes. This is a reminder that if there are things from a financial standpoint that you need to do before the end of the year, the clock is ticking. In doing any year-end planning whether […]

Severance Pay and Taxes – (Q & A)

  Dear Rick: I have an issue that I hope you can help me with.  I recently lost my job. I worked for the same company for over 25 years and the owner of the business died and his family has decided to close the business.  The business continued to pay my salary for six […]

Long-Term Care Insurance Premium Increase

  One of the issues I am asked about far too often is regarding what happens when you receive a letter from your long-term care insurance company stating your premium is going to increase substantially. This is an issue that has become all too frequent when it comes to long-term care. In today’s world, it’s […]

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