Better is possible when it comes to personal finance. Blooom is working to make retirement possible for everyone, no matter the size of their account or where it is held.
Blooom: Revolutionizing Retirement Planning for Everyone
Are you worried about your retirement? Do you feel like it's impossible to save enough money to retire comfortably? If so, you're not alone. Many people struggle with retirement planning, whether it's because they don't know where to start or because they don't have enough money to invest.
Fortunately, there is a solution. Blooom is a company that is working to make retirement possible for everyone, no matter the size of their account or where it is held. With its innovative approach to retirement planning and investment management, Blooom is changing the game when it comes to personal finance.
What Is Blooom?
Blooom was founded in 2013 by Chris Costello and Kevin Conard with the goal of making professional investment management accessible and affordable for everyone. The company offers personalized investment advice and management services for 401(k), 403(b), 457, TSP, and IRA accounts.
The team at Blooom believes that everyone deserves access to professional financial advice regardless of their account balance or income level. They understand that many people are intimidated by investing and may not know how much they need to save for retirement. That's why they've created an easy-to-use platform that simplifies the process of managing your investments.
How Does It Work?
Getting started with Blooom is easy. All you need to do is sign up on their website and link your existing retirement accounts. Once you've done this, Blooom will analyze your portfolio using its proprietary technology called "Smart Rebalancing."
Smart Rebalancing takes into account your age, risk tolerance, goals, fees, taxes and other factors when creating a personalized investment strategy tailored specifically for you.
After analyzing your portfolio using Smart Rebalancing technology ,Blooom will provide recommendations on how best optimize your investments based on these factors . You can then choose whether or not you want them implemented automatically through their service .
Once everything has been set up ,you can sit back relax while bloooom manages all aspects of investing including rebalancing portfolios as needed so as ensure optimal performance over time .
Why Choose Blooom?
There are several reasons why choosing bloooom makes sense if you're looking for help with managing your investments:
1) Affordable pricing: Unlike traditional financial advisors who charge high fees based on assets under management (AUM), bloooom charges a flat fee starting at $10 per month regardless of how much money you have invested . This means more savings in terms of fees compared traditional financial advisors who charge between 1-2% AUM annually .
2) Expertise: The team at bloooom consists highly qualified professionals who have years experience in finance industry . They use cutting-edge technology such as Smart Rebalancing which ensures optimal performance over time .
3) Transparency: With bloooom ,you get full transparency into what exactly happening within portfolio including any changes made along way . This means no hidden costs surprises down line unlike traditional financial advisors who often hide behind jargon complex fee structures making difficult understand what exactly happening within portfolio .
4) Convenience : With bloooom ,you can manage all aspects investing from comfort home without having leave house even once ! This saves both time effort compared traditional methods which require frequent visits offices meetings etc ..
Conclusion
In conclusion,BlooooooM has revolutionized way we think about personal finance especially when comes saving towards our future retirements . Their innovative approach makes investing simple accessible affordable anyone interested taking control finances without needing extensive knowledge expertise required navigate complex world finance industry today!