8 Opportunities To Look At Now

05/22/20 • 29 min

Rick Bloom Talks Money

Today, Rick looks at 8 financial opportunities for you to consider in the current financial climate.

Flexibility in health care accounts, switching members or plans
Moratorium on federal student loan payments through September 30
Refinancing your mortgage with lower rates - what you need to look at to see if it's right for you.
Cutting back on your distributions if your spending is down.
Tax Loss Harvesting
Roth Conversions
Online Banking - where interest rates can differ
The stock market is on sale!

Also, Rick answers some listener emails.

Got a question for rick? Email him at [email protected]

Resources:

Bankrate Website: https://www.bankrate.com/

Bloom Asset Management website: http://www.bloomassetmanagement.com/

Today, Rick looks at 8 financial opportunities for you to consider in the current financial climate.

Flexibility in health care accounts, switching members or plans
Moratorium on federal student loan payments through September 30
Refinancing your mortgage with lower rates - what you need to look at to see if it's right for you.
Cutting back on your distributions if your spending is down.
Tax Loss Harvesting
Roth Conversions
Online Banking - where interest rates can differ
The stock market is on sale!

Also, Rick answers some listener emails.

Got a question for rick? Email him at [email protected]

Resources:

Bankrate Website: https://www.bankrate.com/

Bloom Asset Management website: http://www.bloomassetmanagement.com/

Previous Episode

Your Top Questions Answered

In our second episode, Rick is back to answer some of your most common email questions. We start with a breakdown of stimulus checks, and how not to fall for the many scams that are out there!

Next, what does Rick see for the economy going forward? How has a lack of spending - and tax revenue - affected us? Could higher taxes be on the way? And how does the rest of the world economy impact us? Rick is bullish on the future of the market and he explains why.

The new CARES Act has a number of provisions regarding retirement plans with regard to Required Minimum Distributions, hardship loans and more. Rick takes a look.

Here in Michigan, new insurance laws will soon take effect. Rick explains what options Michiganders will have - and some of the misconceptions about what we will save.

How can the stock market be up with unemployment so high? If you need money right now, what avenues should you look at first?

If you have a question for Rick Bloom, or feedback on the show, send him an email:

[email protected]

Resources: Bloom Asset Management Website: http://www.bloomassetmanagement.com/

Jennifer Bloom's Blog on the new Michigan auto insurance laws: http://blog.bloomassetmanagement.com/whats-the-deal-with-michigans-new-auto-insurance-law/

Next Episode

8 Things To Know Before Hiring a Financial Advisor

Rick Bloom thinks money looks better in your pocket than it does anywhere else. With that in mind, today we discuss the 8 things to know before you hire a financial advisor.