Rick Bloom's Corner

(Q & A) Portfolio Issue

  Dear Rick: I need your help with an overall allocation for my portfolio. My situation is that I am 58 years old, divorced with two adult children. I have no dependents and I plan to work until 62. When I retire at 62 I will receive a pension of approximately $5,000 a month. Other […]


  At a recent talk that I gave I was asked a question about commissions. I explained how they work and why I don’t like them. At that point another attendee disagreed with me and explained that he worked on commission selling new cars and he thought there was nothing wrong with that. To his […]

(Q & A) Estate Plan Issue

  Dear Rick: I have a couple of questions with regard to estate planning that I hope you can help me with. I am in my early 70s and I have never done anything regarding a will or a trust. I’ve decided now is the time. My situation is I am a widow with three […]

  At a recent library speech I gave I was asked an estate planning question that I thought I would share with you. The couple explained that they were both in their 70s and had been married about five years. This was a second marriage for each of them as each of their previous spouses […]

(Q & A) Life Insurance

    Dear Rick: I have a life insurance issue that I hope you can help me with. I am in my mid 40s and have just gotten divorced. As part of the divorce settlement my ex-wife got my life insurance policy. Therefore, at this point in time I have no life insurance. My insurance […]

  Its high school graduation time and I first want to congratulate the graduates and their families. I also want to encourage the graduates to continue their education. College isn’t necessarily for everyone; however, to be successful in our new economy you’re going to need more than a high school diploma. Whether it’s a trade […]

(Q&A) Retiring Early

  Dear Rick: I am 61 years old, single, with no dependents. The company I have worked at for over 20 years announced that they’re going out of business. My original game plan was to work until I received my full Social Security, which is another five or so years. At that point, Social Security […]

Life Insurance vs 529 Plan

  A friend of mine who recently became a first-time grandparent called me the other day seeking my advice. My friend wants to set up a college fund for his new grandson and he was all set to do a 529 Plan, and then his daughter told him that she didn’t think that was a […]

  Dear Rick: My father, who is 75, recently had a CD that matured for about $50,000, and the question is what to do with the money. My dad doesn’t need the money, and he is very conservative when it comes to investing. I wanted my dad to consider a group of stock mutual funds, […]

  Thanks to all of you who came out to the Observer & Eccentric 2018 Senior Expo and heard me speak on taxes. It was a wonderful event, and I’m already looking forward to next year. As I was taking some questions after my talk one thing became clear, and that is there is some […]

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