Rick Bloom's Corner

  Dear Rick: My mother is a widow and is in her early 8Os. Since my father died five years ago, she has handled all her own affairs, including her investments. Over the last number of months, I’ve noticed my mom has slowed down and I have convinced her that I should take care of […]

Scams Surrounding Black Friday

  I first would like to take this opportunity to wish you and yours a very Happy Thanksgiving. What makes Thanksgiving or any holiday special is that we get to spend time with family and friends, so I hope you take this opportunity to enjoy your loved ones. Recently, I received an email from a […]

Year-End Charitable Contributions

It’s hard to believe that the holiday season is upon us! One thing that happens this time of year is that many of us make year-end charitable contributions. I think it is great that so many of us want to help those less fortunate. As I’ve said many times in the past, Americans are the […]

Roth IRA Conversion ~ (Q&A)

  Dear Rick: I got divorced in 2018. In the divorce settlement I received the house, our IRAs of about $75,000 and a monthly income for 10 years when I turn 65. Ever since I got divorced, I have not filed a tax return because I have no income. The money I receive from my […]

  Dear Rick: I read one of your recent columns where you talked about converting money into a Roth IRA, and using your minimum required distributions for charitable contributions. I have a couple of questions I hope you can help me with. My first question deals with my conversion. Am I allowed to convert my […]

Holiday Season Shopping

  It’s hard to believe, but before you know it the holidays will be here. I know this because I just saw my first Black Friday ad for the season. It seems every year stores are starting earlier and earlier with their holiday sales. We should never forget that the goal of these ads is […]

Medicare Open Enrollment

  It’s that time of year once again, where seniors have the opportunity to change their Medicare coverage. In fact, it is the only time of the year that a senior can make changes in their Medicare D Prescription Drug Program or change their Medicare coverage into a Medicare Advantage Plan. Open enrollment has just […]

GE’s Buyout Offer

    The other day GE announced that they will be offering many of its retirees a buyout of their pension. This is not something unusual and we’ve seen more and more of this over the last number of years. Not too long ago, Ford offered buyouts of its pension, and more recently, General Motors […]

Mortgage Question ~ (Q&A)

  Dear Rick: I have a question that I hope you can help me with. I am in my early 60s and retired. My financial situation is very secure. I have no dependents and I am single. My pension more than covers all of my living expenses. At this point I have not touched my […]

35 Years Ago

    My brother Ken and I just celebrated our 35th year in business. It was the summer of 1984 when we opened our business, and if I look back over the last 35 years, it is amazing how much our world has changed. Back in 1984, there was no such thing as cell phones, […]

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