Rick Bloom's Corner

Volatility in the Market

  It has been a wild week on Wall Street. The markets have been on a rollercoaster ride and unfortunately, the general direction has been down. Of course, whenever we have volatility on Wall Street the talking heads come out of the woodwork talking doom and gloom. As far as I’m concerned, the doom and […]

Moving Out of State

  I recently met with a new client to manage their money. The client has been retired for about a year and one of the main topics of conversation was their home. As the client explained, they have been in the house for over 30 years and they want to move. As they said, not […]

Investing in the Stock Market

  As I speak to investors, whether individually or at talks that I give, the number one question I get is how much higher can the stock market go? My answer to them is quite simple, and that is that I don’t know. Not only do I not know, but neither does anyone else. You […]

(Q & A) Tax Questions

  Dear Rick: My wife and I are in our mid 60s and retired. Because of a lawsuit I receive more than enough money to cover all our needs. From a tax standpoint we itemize our deductions only because of the amount of charitable contributions we make on a year-by-year basis. We average about $15,000 […]

Our Relationship with Charge Cards

  There is no doubt we live in a world that is constantly changing. This year alone we are seeing numerous changes with regard to our personal financial affairs such as the change in tax laws. Because of the pace of change, sometimes you and I have a tendency to think if it ain’t broke, […]

(Q & A) Investing in the Stock Market

  Q Dear Rick: I’m in my early 40s and the only thing I have ever done with my money is to leave it in the bank. I know the bank doesn’t pay that much, but I would rather do that than risk losing it in an investment. My homeowner’s insurance agent has been trying […]

The New Tax Law

  The holidays are behind us and by now most of us have forgotten about our New Year’s Resolutions- I know I have. Therefore, it’s time to get back to the normal craziness of our lives. As most of you know, we have a new tax law that will have some impact on the great […]

(Q & A) Looking for Ways to Save Money

  Dear Rick: Last year after being married for about 12 years, I was divorced.  I had never had to take control of my own finances, so it’s been a learning process.  One thing I have learned is that I need to watch my spending whenever I can.  That is why I’m writing to you.  […]

Reviewing Your Finances

  Happy New Year!! As we enter 2018, we will all face our fair share of challenges when it comes to our personal finances. My goal in writing this column is to tackle a variety of issues that affect your finances and to try to provide you the best independent information I can. Of course, […]

(Q & A) Tax and Estate Issue

  Dear Rick: Earlier this year I got divorced. We were only married a little over a year and we never filed a joint return. Last year at tax time, because we were having difficulties, my accountant recommended I file a separate return, which I did. It turns out that my ex-husband did not file […]

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