Rick Bloom's Corner

The New Tax Law

  After much bickering and fanfare, we have a new tax law. Of course, like everything else in our society, today there is much partisanship when it comes to whether this law is good or bad. My view is that no matter what side of the political divide you fall on, the one thing that […]

(Q & A) Michigan Education Savings Plan

  Dear Rick: I have a couple of questions I hope you can help me with. A number of years ago I bought a 529 Plan for my grandson. Sometime next year he will start needing some of the money. I was told by the 529 company that I can either have them send a […]

Read it Before you Sign it

  A couple weeks ago someone backed into my car. I took the car to the dealership for repairs and at the same time, obtained a rental car. As the agent got me a car he gave me a stack of papers and said sign here and initial it here and there. What shocked him […]

(Q & A) Investing in Company Stock

  Dear Rick: I work for a publicly listed company and I’ve been there for about 20 years. The great bulk of my retirement savings is in my 401(k) Plan. Typically, I keep about 50 percent of my money invested in company stock. The other 50 percent I have spread out in other funds. I […]

Tax Issue (Q & A)

  Dear Rick: I have a tax question that I hope you can help me with. This year I have taken some significant losses on my stock portfolio. A few years ago, I invested a substantial amount of money in a new start-up company. I knew it was somewhat of a gamble, but I was […]

Year-End Strategies

      It is hard to believe that 2018 is just around the corner.  Because of that I wanted to touch upon a couple of issues that may require your attention before the end of the year.  However, before I mention those items, I would like to once again mention holiday spending.   I cannot stress […]

Financial Planning

  The other day I met a young couple who had just had their first child. The couple had been married for about four years and had never done anything from a financial planning standpoint and realized with the birth of their child it was time to get serious. They asked me what, as new […]

Roth Conversions – (Q & A)

  Dear Rick: I was at a library talk you gave a few weeks ago and one of the items you talked about was that people should look at potentially converting some of their traditional IRAs into a Roth IRA. I sat down with my accountant and had him compute the numbers. He told me […]

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 […]

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