Author: Bloom Investment Counsel, Inc.

The Benefits of Family Legacy Planning

Written by Bloom Investment Counsel, Inc. on March 25, 2024. Posted in Estate Planning. No Comments on The Benefits of Family Legacy Planning

If you are planning your family legacy, you should establish a thoughtful and well-defined framework for decision-making and responsibility among family members. This should be based on shared purpose, mission, and values and is known as a family governance plan.

The plan defines the necessary roles for the management of your wealth and family business and outlines how decisions should be made. A family governance plan can also set out mechanisms for potential future events such as selling a business or assets.

Take Control of Your Personal Finances

Written by Bloom Investment Counsel, Inc. on March 18, 2024. Posted in Wealth Planning. No Comments on Take Control of Your Personal Finances

take control of your finances, personal finance

Taking control of your personal finances is a crucial step towards financial freedom and security. In today’s fast-paced world, it is more important than ever to clearly understand your financial situation and make informed decisions regarding managing your money.

Managing your personal finances can seem daunting, but the right tools and strategies can make it much easier. When you take control of your personal finances, you can effectively budget, save for the future, and make smart investments that align with your goals.

Know The Difference: REITs vs. Direct Real Estate Investing

Written by Bloom Investment Counsel, Inc. on March 18, 2024. Posted in Investing. No Comments on Know The Difference: REITs vs. Direct Real Estate Investing

Investment in real estate can be a strong addition to your investment portfolio and can improve its diversification.

There are two main approaches to investing in real estate: investing directly in individual properties, or investing in Real Estate Investment Trusts (REITs). Over the past few years, an increasingly larger percentage of investors hold some form of real estate in their portfolios.

The Benefits of Estate Planning While You’re Young

Written by Bloom Investment Counsel, Inc. on March 11, 2024. Posted in Estate Planning. No Comments on The Benefits of Estate Planning While You’re Young

Estate planning is often associated with older individuals who have accumulated significant assets over their lifetime. However, there are numerous benefits to starting your estate planning journey while you’re young. By taking proactive steps now, you can ensure that your assets are protected, and your wishes are carried out in the future.

Tax Planning 101: Maximize Your Savings

Written by Bloom Investment Counsel, Inc. on March 11, 2024. Posted in Financial Literacy. No Comments on Tax Planning 101: Maximize Your Savings

With proper tax planning you can grow your wealth faster and use it in the way that you want, including taking care of your family in the long-term and even building a legacy of philanthropic goals.

Tax planning can be especially complex for High Net Worth (HNW) individuals as the tax landscape is multi-faceted, with tax laws and regulations constantly changing.