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Social Security History and Benefits

Submitted by Bloomfield Hills Financial on January 9th, 2019

Created as a result of the Great Depression, The Social Security Act was signed into law by President Roosevelt in 1935; mainly due to the rise in poverty of the nation’s elderly population. The act was designed to provide retired workers ages 65 and older with a continuing income after retirement.

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Why You Should Include Your Financial Advisor In The College Savings Discussion

Submitted by Bloomfield Hills Financial on December 21st, 2018

As tuition costs rise and students shoulder staggering debts in order to pursue a post-secondary education that will set them up for the new economy, the conversation surrounding college planning is evolving. Parents are looking for ways to ensure their kids are supported and teenagers are starting to develop plans to set their own savings aside.

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Start Fixing Your Credit Score Today

Submitted by Bloomfield Hills Financial on December 19th, 2018

Whether you like it or not, a good credit score is essential. Your credit score factors into everything from insurance rates, to whether you get the job you applied for. A good credit score is also needed to buy a house, obtain cell phone service, rent an apartment, and buy a car.

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Things You Should Know About Social Security and Your Retirement

Submitted by Bloomfield Hills Financial on November 16th, 2018

With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know.

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What About Penny Stocks?

Submitted by Bloomfield Hills Financial on November 9th, 2018

Stock buying can be risky, even if you’re purchasing the stock of a reputable, established company. While market dips are fairly typical with any stock, most established companies can rebound nicely from any unexpected drop in the market.

So, what about penny stocks? Is there really an opportunity to make a lot of money on stocks that typically trade below $5 per share?

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