108 episodes

Navigating the ever-changing waters of life can be rough, but when it comes to retirement you don’t need to do it alone. The Retire As You Desire Podcast asks those hard questions regarding finances in preparation for your retirement with Bill Bloom RICP®, principal of Bloom Financial Company and your host. Join Bill, a money simplifier, each week by discussing intentional questions to propel you toward your desirable retirement. Understanding retirement does not have to be difficult. If you understand, then you will make better decisions on how to have a happy and successful retirement for you and your family. There is one life to live--so take the helm, plan ahead, ask questions, and tune in with Bill on the Retire As You Desire Podcast!

For a list of important disclosures, please visit my website at bloomfinancialco.com.

Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

Retire As You Desire Bill Bloom

    • Business
    • 5.0 • 19 Ratings

Navigating the ever-changing waters of life can be rough, but when it comes to retirement you don’t need to do it alone. The Retire As You Desire Podcast asks those hard questions regarding finances in preparation for your retirement with Bill Bloom RICP®, principal of Bloom Financial Company and your host. Join Bill, a money simplifier, each week by discussing intentional questions to propel you toward your desirable retirement. Understanding retirement does not have to be difficult. If you understand, then you will make better decisions on how to have a happy and successful retirement for you and your family. There is one life to live--so take the helm, plan ahead, ask questions, and tune in with Bill on the Retire As You Desire Podcast!

For a list of important disclosures, please visit my website at bloomfinancialco.com.

Views expressed in this podcast are for general informational purposes only and are not intended to provide or be a substitute for specific professional financial, tax or legal advice or recommendations for any individuals. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed.

    How to Help Your Grandchildren Save for Their Future

    How to Help Your Grandchildren Save for Their Future

    So this gets very complicated because in 20 years from now, who knows what the cost of college will be?

    We can guess.

    But it's been one of the fastest growing costs perspectives in the United States over the past 30 years, and not to mention some of our clients and some of the people who we work with. They didn't go to college and they've been able to save millions of dollars.

    So they don't really believe in college. And some people say, you know what, I want to have money set aside for my grandkids.

    If they want to go to college. So I'm going to give you some really great ideas today to help you save and plan for your grandchildren's future. So here's idea number one. It's a traditional way of doing things.

    • 10 min
    Are You Thinking of Taking Social Security Soon?

    Are You Thinking of Taking Social Security Soon?

    Retirement planning, particularly when it involves deciding when to take your Social Security, is a critical aspect of securing financial stability in one's later years. 

    For those approaching retirement age and considering when to start receiving Social Security benefits, there are numerous factors to weigh up and decisions to make. 

    In this comprehensive guide, we'll delve into the intricacies of retirement planning if you are taking Social Security soon, examining the advantages of: 


    Early versus delayed benefits


    Tax considerations


    Strategies for optimizing your retirement income

    • 11 min
    Income Strategy For Retirement 💰

    Income Strategy For Retirement 💰

    Are you concerned about how you're going to set up your income payments in retirement?



    It can feel daunting going from a regular salaried income pattern, to relying on social security and investment income.

    But don't worry!

    There are lots of strategies at our disposal to help make the transition seamless!



    Find out more at: https://www.bloomfinancialco.com/

    • 4 min
    Three Questions for Your Financial Advisor

    Three Questions for Your Financial Advisor

    Welcome to the Retire As You Desire podcast, where we empower you to take control of your financial future. In this episode, we're diving into three crucial questions you should be asking your financial advisor. But first, don't forget to subscribe to our YouTube channel for valuable educational content!

    Question number one: What's your financial advisor's net worth? It's not about comparing, but understanding if they're managing their own finances effectively. After all, if they can't handle their own money, how can they manage yours?

    Question number two: Where do they invest their own money? Transparency is key here. You want to align your investments with your advisor's approach and ensure they're walking the talk.

    Finally, question number three: Which products do they avoid, and why? A true fiduciary considers all options to best serve your needs. Beware of advisors who limit themselves to certain products without considering the full spectrum.

    Join us as we navigate the world of finance together, providing valuable insights to help you retire as you desire. Don't forget to share this episode with your friends and family to spread financial literacy and empowerment. Remember, we're here to help you achieve your financial goals!

    • 4 min
    🚩4 Red Flags When Working With a Financial Advisor: AVOID THESE AT ALL COST 🚨

    🚩4 Red Flags When Working With a Financial Advisor: AVOID THESE AT ALL COST 🚨

    Four Red Flags: How to Identify a Trustworthy Financial Advisor

    The business of personal finance can be daunting, especially when it comes to entrusting your hard-earned money to a financial advisor. Making the wrong decision is fraught with peril, considering the array of investment options and the potential for financial mismanagement. 

    It’s your hard earned cash on the line! So what can you do to identify a trustworthy financial advisor?

    In this blog, we'll explore the four red flags that serve as warning signs before partnering with a financial advisor. By understanding these indicators, you can confidently seek a professional who aligns with your financial goals and prioritizes your interests.

    1. "No" Syndrome:

    The first red flag is when a financial advisor adamantly advises against specific financial products, be it annuities or mutual funds. While certain investments may not suit everyone, a one-size-fits-all approach is seldom in the best interest of the client.

    How to Find a Good Financial Advisor: Look for advisors who operate under fiduciary standards. Fiduciaries are obligated to consider a wide range of products and tailor their recommendations to individual client needs. A refusal to explore certain options may indicate a lack of commitment to your financial well-being, but it also constitutes a dereliction of duties. 

    Walk away!

    2. The Cookie-Cutter Approach:

    Another warning sign is the adoption of a rigid, one-dimensional methodology. If your financial advisor insists on a singular approach, such as exclusively setting up traditional IRA accounts or favoring a particular investment product, it again raises concerns about their fiduciary responsibility.

    How can they be looking out for your best financial interests, if they take no interest in your financial interests?

    In other words: they need to tailor your investments, to achieve your particular goals. Not someone elses! 

    A trustworthy advisor should customize your investment strategy based on your unique financial situation, goals, and risk tolerance. A cookie-cutter approach often overlooks individual nuances, potentially compromising your financial success.

    3. Co-Mingling Investments:

    Pooling client investments with those of the advisor is a practice that raises eyebrows. While having similar types of investments is common, replicating the same portfolio for all clients can lead to conflicts of interest and price manipulation.

    Ensure your advisor maintains transparency regarding investments and doesn't concentrate all clients into identical funds. This practice could compromise the integrity of your portfolio and may not align with your personalized financial objectives.

    We wouldn’t dream of doing that for our clients here at Bloom Financial. How can I be making objective decisions about your finances, if I have a personal vested interest in the outcome?

    4. The Silent Treatment:

    The most crucial red flag is if an advisor fails to listen to your concerns, preferences, and risk tolerance. A financial advisor's role is not just about managing money but understanding your financial aspirations and tailoring strategies accordingly.

    If you a talking to a prospective financial advisor, and they are showing signs of apathy towards your brief: walk!

    . The right advisor should actively listen, consider your feelings, and craft a plan that resonates with your financial goals.



    Conclusion:

    Selecting a financial advisor is a pivotal decision that requires careful consideration. Trusting someone with your money is a big decision and not one that you should take lightly. 

    By identifying these four red flags, you empower yourself to make an informed choice. Seek a financial advisor who operates under fiduciary standards, embraces a customized approach, avoids co-mingling investments, and, most importantly, listens to your unique financial needs.

    Don't settle for less – your financial future deserves a dedicated advocate who values your

    • 4 min
    How I Saved $4,200 in Less Than 30 Minutes!!

    How I Saved $4,200 in Less Than 30 Minutes!!

    I found $4200 in savings, in just 30 minutes!! Here's how...



    This was a really simple exercise. What I did is I opened up my phone, opened up my bank credit card, and then I went through all my transactions.



    And I looked at the things that I'm not using.



    It was simple as my Sirius XM. I had a couple of different memberships for technology that I'm not using anymore So what I did is I canceled all of them. It only took me less than 30 minutes.

    So it's really simple.



    But when I added everything up, it equated to an extra $4,200 of extra money as I found money every single year.



    So think about that. If you could take that 40 $200 that you're not spending any more and invest in that, it's a huge win.

    • 1 min

Customer Reviews

5.0 out of 5
19 Ratings

19 Ratings

Uncle Rug ,

Excellent Source of Retirement Info

Can’t write enough praise about the meaningful content Bill keeps dishing out. Sharp character.

PA Consulting Firm ,

🔥CHRIS 💰ROSS🔥

OMG WHAT AN EPISODE! Mic dropped. I will have to re-listen again. Bill, you’re right. Part 2 is needed with this guy.

MTM Wisconsin ,

Cutting Edge Content

I’m enjoying this new and significant podcast. Bill’s doing something unique with a quick money focused episode and an in-depth conversation with a successful entrepreneur or leader episode each week. Real wisdom and real people!

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