In this episode of the "Retire As You Desire" show, cybersecurity expert Kent Webster joins me, Bill Bloom, to discuss essential strategies for protecting yourself from online threats and scams. Kent shares insights into the sophisticated world of cybercrime, highlighting the prevalence of organized cybercriminal operations targeting individuals worldwide. Key Topics Covered: 👉 Understanding Online Threats and Scams: Discover the tactics used by scammers, such as phishing and confidence scams. ...
Nov 01, 2024•48 min
In this episode, we bring together crucial insights from four essential areas of personal finance to help you achieve your financial goals and secure a prosperous future. Whether you're planning for retirement, seeking smart investment strategies, looking to maximize your tax benefits, or aiming to manage your debt effectively, this episode is packed with valuable advice and actionable tips. Key Topics Covered: Mastering Retirement Planning 🏖️ Smart Investing for Long-Term Growth 📈 Maximizing ...
Oct 25, 2024•48 min
In this episode, we dive deep into the complexities of retirement planning, focusing on how divorce, widowhood, and disability can impact your future retirement income. Whether you’re navigating these life changes or planning ahead, this episode offers crucial insights and actionable strategies to help you optimize your retirement benefits. Key Topics Covered: 👉 Divorce and Retirement Income: Understand the Impact: Learn how divorce affects retirement income and Social Security benefits. Maximi...
Oct 18, 2024•49 min
In this episode of the "Retire As You Desire" show, I had the pleasure of interviewing my close friend, Kent Webster, a fellow millennial who shared his journey towards financial success. Kent opened up about his struggles with debt, having graduated with $60,000 in student loans and $20,000 in credit card debt. Despite facing financial challenges, Kent emphasized the importance of discipline, budgeting, and measurement in managing his finances. Kent highlighted the pivotal moment when he and hi...
Oct 09, 2024•48 min
The episode began by highlighting the surprising fact that Social Security benefits can indeed be subject to federal income tax, based on an individual's combined income and filing status. The host emphasized the importance of understanding how and why Social Security benefits are taxed, as well as the potential impact it can have on one's retirement income. Throughout the show, the host provided detailed explanations on how to calculate combined income, which includes adjusted gross income, non...
Sep 27, 2024•48 min
The Truth About Social Security In this episode of the Retire As You Desire show, we delve into the crucial topic of Social Security and its role in retirement income planning. Social Security can be a major source of income for retirees, making it vital to understand how it works for informed financial decisions. Episode Breakdown: Importance of a Retirement Income Plan We discuss the need for a solid retirement income strategy, whether or not Social Security is your primary source of income. I...
Sep 22, 2024•49 min
Living Abroad in Retirement In today's episode of the Retire As You Desire TV Show, Bill Bloom delved into the exciting topic of living abroad in retirement. Episode Breakdown: 1. Considerations Before Moving Abroad Bill discussed the importance of income in retirement and how it impacts one's choice of location. Factors such as lifestyle preferences and savings play a crucial role in deciding where to live post-retirement. 2. Receiving Income While Living Abroad Bill highlighted the key aspects...
Sep 13, 2024•48 min
In this episode, we delved into the fun aspects of retirement and explored why retiring as you desire is essential for a fulfilling life. We discussed the significance of buying back your time in retirement, emphasizing that financial freedom is not just a catchphrase but a state of being where you can live off your assets on your terms. We highlighted the importance of eliminating financial stress in retirement, as it can impact your mental and physical health, relationships, and overall well-b...
Aug 30, 2024•48 min
In this episode, we delved into the topic of finding the perfect place to retire in the great state of Illinois. As a retirement income planning expert based in Chicago, I shared valuable insights on the best and not-so-great places to consider for retirement in Illinois. We began by highlighting the advantages of retiring in Illinois, such as the lack of taxation on retirement distributions, making it a financially appealing option for retirees. The state's diverse economy, strong job market, a...
Aug 23, 2024•48 min
In this episode, we delved into the dangers of retirement, focusing primarily on the fear of running out of money, which is the number one concern for retirees. Throughout the episode, we explored various factors that contribute to this fear and discussed strategies to plan for a secure retirement income. We began by highlighting common retirement dangers such as health care costs, loneliness, and loss of purpose. Emphasized the importance of planning for income in retirement, addressing the pre...
Aug 20, 2024•49 min
Delve into the four phases of retirement with Bill Bloom and discover how to make the most out of this significant life transition. Episode Summary: Phase One: Discover why every day can feel like Saturday in retirement and how to embrace the newfound freedom. Phase Two: Learn about the challenges retirees face, including loss of routine, identity, relationships, purpose, and power. Phase Three: Explore the importance of trying new activities, eliminating negativity, and setting up "playchecks" ...
Aug 09, 2024•44 min
Episode Summary: In this episode, we delve into the financial challenges faced by entrepreneurs and the importance of strategic saving and investing for a secure retirement. The host shares inspiring stories and lessons learned to help listeners avoid common pitfalls. Key Takeaways: The impact of compounding interest on long-term savings. The significance of making investing a monthly priority. Common mistakes entrepreneurs make with their finances. Strategies for financial education and proacti...
Aug 02, 2024•45 min
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 grand...
May 10, 2024•10 min
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 vers...
May 03, 2024•12 min
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/
Apr 19, 2024•4 min
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 t...
Mar 15, 2024•5 min
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 ser...
Mar 08, 2024•4 min
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...
Mar 01, 2024•2 min
Title: Watches Are NOT Investments: Beyond The Fads and False Numbers Introduction: In the sometimes ‘mirky’ world of investments, the allure of unconventional assets can be tempting, especially when the likes of the Wall St Journal boast about watches outperforming the stock market. However, as we will discover, the truth behind such claims may not be as promising as they appear. For the discerning professional seeking robust investment vehicles, this blog aims to shed light on the pitfalls of ...
Feb 23, 2024•2 min
OK so I know that this is a strange topic for the host of the ‘ Retire as You Desire’ podcast to be talking about, but believe it or not; there are a multitude of reasons why you shouldn’t retire! Retirement is often hailed as the golden age. A time to live life on your terms. What this tends to translate as though, is; stop working, play golf and shuffle off this mortal coil in short order. I want to challenge this outdated, conventional notion of retirement and offer you three reasons why one ...
Feb 16, 2024•4 min
Are you feeling suffocated by the burden of debt, preventing you from achieving your financial goals? I've been there, grappling with over $54,000 in student loan debt. In this comprehensive guide, I'll walk you through a systematic and efficient approach that propelled me to financial freedom in just three years. Step 1: Confront Your Financial Reality Before we dive into the intricacies of debt reduction, grab a pen and paper. Sorry, I know this is probably the hardest part, but it's time to f...
Feb 09, 2024•5 min
What if you could shift your financial destiny with only $35 a week? Our latest guest, bestselling author Daniel White, is here to show you how. Daniel's newest book, Financial Freedom System, is as interesting as it is inspiring - born out of a personal journey of overcoming financial stress and finding a new approach to money that put him first. He unveils his concept of building a strong financial foundation, an idea sparked from a simple prayer and a vision of an airplane. He didn't let the ...
Jul 10, 2023•29 min
What if you could unlock your highest potential and create a meaningful legacy? Join us as we sit down with the extraordinary Dr. Jeff Spencer, whose journey from aspiring Olympic cyclist to a world-renowned coach and mentor has taught him the secret to crafting the path forward for others to succeed. In this powerful conversation, Dr. Spencer shares the impact of three angels in his life who shaped his mindset, creativity, and perspective. Discover the game-changing concept of 'goal guess' and ...
Jun 26, 2023•12 min
In this episode, Bill engages in a conversation with Kelly Cardenas, who is not only his close friend but also an accomplished author, podcast host, speaker, and the visionary behind Kellycardenas.com. The focus of their discussion revolves around Kelly's audiobook, "Success Leaves Clues," as they delve into the motivations that drove him to create it. Additionally, they reminisce about their initial encounter, reflect on the significance of their friendship, and offer glimpses into their respec...
Jun 22, 2023•18 min
In this episode, Bill engages in a conversation with Kelly Cardenas, who is not only his close friend but also an accomplished author, podcast host, speaker, and the visionary behind Kellycardenas.com. The focus of their discussion revolves around Kelly's audiobook, "Success Leaves Clues," as they delve into the motivations that drove him to create it. Additionally, they reminisce about their initial encounter, reflect on the significance of their friendship, and offer glimpses into their respec...
Jun 19, 2023•21 min
Purchasing a home plays a pivotal role in fulfilling the American Dream. Yet, the decision to buy or rent is a crucial one that carries implications for your financial well-being, lifestyle, and personal aspirations. In the present scenario, Bill engages in a conversation with his close friend Tony Perri Jr., who holds the position of Producing Branch Manager at HomeTown Lenders. They engage in a discussion about the process of acquiring properties and stay updated on the latest developments in ...
Jun 15, 2023•15 min
Purchasing a home plays a pivotal role in fulfilling the American Dream. Yet, the decision to buy or rent is a crucial one that carries implications for your financial well-being, lifestyle, and personal aspirations. In the present scenario, Bill engages in a conversation with his close friend Tony Perri Jr., who holds the position of Producing Branch Manager at HomeTown Lenders. They engage in a discussion about the process of acquiring properties and stay updated on the latest developments in ...
Jun 12, 2023•16 min
In the latest episode, Bill engages in a conversation with Steve Sims, a prominent figure who wears multiple hats as a Speaker, Author, Coach, and CEO of Bluefish. Their discussion revolves around the transformative power of pure passion and delves into Steve's journey of initiating speakeasies and how the pandemic brought about significant changes in his personal and entrepreneurial life. If you're seeking extra motivation to pursue your passions, this episode is precisely what you need. Recogn...
Jun 08, 2023•40 min
Bill engages in a conversation with Greg Miarecki, a trusted friend who holds the positions of Executive Assistant Dean for Career Planning and Professional Development at the University of Illinois College of Law and Director of the University of Illinois College of Law Leadership Project. They delve into a range of important topics, including the significance of vulnerability in leadership, effective handling of feedback as a leader, and the traits that contribute to good leadership. Their dis...
Jun 01, 2023•18 min
Bill engages in a conversation with Greg Miarecki, a trusted friend who holds the positions of Executive Assistant Dean for Career Planning and Professional Development at the University of Illinois College of Law and Director of the University of Illinois College of Law Leadership Project. They delve into a range of important topics, including the significance of vulnerability in leadership, effective handling of feedback as a leader, and the traits that contribute to good leadership. Their dis...
May 29, 2023•20 min
