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It’s Always A Balancing Act…Saving, Investing And Spending In Retirement

Written by Bloom Investment Counsel, Inc. on December 6, 2021. Posted in Retirement. No Comments on It’s Always A Balancing Act…Saving, Investing And Spending In Retirement

When you retire from full-time work, whether as an employee or running your own business, you will face one of the most significant transitions in your lifetime. The road ahead becomes a balancing act, in which you must fund your desired lifestyle from a combination of your savings, investments and pensions. At the same time, you may wish to preserve some of your wealth to allocate to passion projects, personally important causes and future generations.

Here we highlight tips to help you ensure that your wealth allocations in retirement are balanced and sustainable. We also provide a bonus example to showcase how a shift in retirement investments does not have to come at the expense of wealth accumulation.

How To Choose And What To Look For In An Investment Counselling Firm?

Written by Bloom Investment Counsel, Inc. on December 6, 2021. Posted in Investing. No Comments on How To Choose And What To Look For In An Investment Counselling Firm?

You’re familiar with wealth management services offered by the Big 6 banks in Canada, but have you heard of those offered by boutique investment counselling firms? Investment counselling firms generally serve high-net-worth and ultra-high-net-worth individuals and families who choose to delegate investment decisions to a trusted professional in the investment industry.

Are you looking to understand what an investment counsellor does, what to look for when choosing an investment counselling firm and how to choose an investment counsel in Canada? This article is for you.

The Ultimate Guide To Maximize Your Giving

Written by Bloom Investment Counsel, Inc. on December 4, 2021. Posted in Philanthropy. 2 Comments on The Ultimate Guide To Maximize Your Giving

While many of us feel an intrinsic pull to want to help those in need, when it comes to the tax and insurance implications involved when giving to charitable organizations, things can start to feel overly complicated quite quickly.

Not to worry—this guide is here to break things down in an easy-to-follow format, so that you can get back to supporting your community while having the peace of mind that you’re engaging in all of the best practices to make the most of your efforts from a financial perspective!

3 Realistic Ways Millennials Can Save More Money In 2022

Written by Bloom Investment Counsel, Inc. on November 29, 2021. Posted in Financial Literacy. No Comments on 3 Realistic Ways Millennials Can Save More Money In 2022

You’ve likely heard of the phrase you only live once (YOLO), but have you heard of the term “YOLO Economy”? The so-called “YOLO Economy,” coined by the New York Times (2021), is a phenomenon in which millennials are reimagining their professional lives — some abandoning stable 6-figure jobs to start a new business, others turning a side hustle into a full-time gig or simply taking a break from the urban rat race altogether — and there is absolutely nothing wrong with that. After all, you do only live once.

However, while the financial consequences of this professional reimagining may be insignificant in the short term (due to fattened stay-at-home savings), the absence of a stable monthly paycheck may increase the financial consequences over the longer term. For those millennials who have abandoned their day jobs in pursuit of creative ways to reach the same goals through entrepreneurship with an au revoir to the corporate career treadmill, here are 3 realistic ways to save more money in 2022.

What Are Some Common Challenges High-Net-Worth Individuals Face?

Written by Bloom Investment Counsel, Inc. on November 29, 2021. Posted in Wealth Planning. No Comments on What Are Some Common Challenges High-Net-Worth Individuals Face?

While some may consider a large financial surplus as the solution to most problems, the complexity that accompanies significant wealth can present new challenges in its own right. Fortunately, with thoughtful planning and collaboration with the right professionals, these challenges can be overcome. In this article, we explore some of the key areas of concern high-net-worth individuals and families face.