Author: Mitch
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Are you making these mistakes with your estate plan?
Imagine if your will began with the words, “To my beloved government, I bequeath…” Nobody ever intends for their money to go to the government. Unfortunately, for many people, this is exactly what happens when they adopt a “DIY” approach to their estate plan. Or, when they create a plan and then don’t think about…
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Celebrate Presidents’ Day!
This month we celebrate Presidents’ Day! This federal holiday originally began as a way to honor George Washington’s birthday on February 22nd. Abraham Lincoln has also been recognized and celebrated along with Washington, as his birthday is in the same month. Since then, the day has grown into a more general celebration of all U.S.…
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Important Updates for the 2023 Tax Year
Changes to the Filing Deadline One thing to note before we get into the nitty-gritty: After two straight years with an April 18 deadline, this year returns to the more traditional April 15 deadline.1 (Remember, though, that filing earlier is almost always better than filing later. We’ll get you your tax documents as soon as they…
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Your Bloom Q1 Financial Checklist
As a financial advisor, I’m a big believer in checklists. They help me stay organized, keep my priorities straight, and ensure that everything I need to do for you gets done. One of the items on my personal checklist this month is to send a checklist to you. It’s 2024! A new year means new opportunities,…
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It’s that time of year for New Year’s resolutions. Do You Have a Plan for Your Digital ‘Estate’?
Even people who think they’ve ticked off all of the usual boxes on their estate-planning to-do lists may have overlooked an increasingly important component of the process: ensuring the proper management and orderly transfer of their digital assets. Just as traditional estate-planning relates to the management and transfer of financial accounts and hard assets, digital…
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Plan first, gift money second
You’ve worked hard, you’ve done a good job on saving, you invested wisely, and you managed your spending well. You have a good financial plan working, and now you have money (or other assets) to share. Now you’re wondering who to share with and how!A lot of people do not donate money during their life…
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The Omicron Variant
Have you ever received a gift you didn’t actually want? Well, investors got just such a gift recently – the kind nobody wants. I’m not talking about an ugly sweater or a pair of socks. I’m referring to a new bout of market volatility, just in time for the holidays. (Quick recap in case you haven’t…
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How To Avoid Irrational Investment Behavior
In my 34 years as an investment advisor, I’ve watched investors make a lot of mistakes. Part of it is the lack of knowledge. But the most common reason is as humans, we are prone to behavioral errors. People can be over confident of their skills, which could lead to excessive risk taking. To help…