Rick Bloom's Corner

As the Coronavirus continues to spread throughout the country and the world, we have seen an incredible rollercoaster ride on Wall Street.   Some of the largest gains and losses in history have happened over the last few weeks. The markets hate uncertainty, and that is exactly what we have had.  Unfortunately, I believe the uncertainty […]

Challenges Surrounding the Coronavirus

               I first would like to remind everyone that the crisis we are facing is real and we all must take it seriously.  This is not the time to be stubborn or proud.  We must protect ourselves, particularly seniors.  There is nothing more important than your health and safety so please take the precautions […]

  Dear Rick: A few years ago, my husband unexpectedly passed away. Since that time, I have been living off a life insurance policy that my husband had through work. Originally, I thought the money would last me at least 10 to 15 years, but I now realize that was a mistake. I have, therefore, […]

Market Meltdown

  Originally, I had planned to write a different column; however, with the Coronavirus and the recent meltdown in the market I thought it was important to address what is currently happening. Obviously, the Coronavirus has caused uncertainty in the market which led to the market’s recent retreat. The Coronavirus has also caused fear to […]

Minimum Required Distributions- (Q & A)

  Dear Rick: I have a couple of retirement questions that I hope you can help me with. A little bit about myself – I am a widower who is 71 years of age. I retired at the end of last year, and this year I’ve begun to collect my pension and Social Security. I […]

Social Security Benefits

  I am a believer when it comes to Social Security that if you paid in, you’re entitled to collect every benefit you’re entitled to. As far as I’m concerned, it doesn’t matter how much your net worth is, if you paid into Social Security, you’re entitled to collect your benefits. For most people Social […]

  Over the last few years hundreds of thousands of Americans have found that when they filed their tax return with the Internal Revenue Service that it was rejected. It wasn’t rejected because the return was wrong or anything of that nature; rather, it was rejected because a return had already been filed in their […]

IRS Free-File Program

  Probably the only word in the English dictionary that I like more than on sale is the word free. I love free stuff; however, I am always leery any time I get an offer stating something is free. My general view is that there are no free rides. That being said, there is something […]

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, […]

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