Blog

How To Look At Legacy In A New Way

The word legacy has been used in many different ways. But something struck me about this idea, based on the original translation of the word:  A legacy is a person—living on in new ways throughout time.  Here at Deerfield, we serve clients who seek to find, create, and maintain meaning in not only their own…

Read More

5 Things to Do When Receiving an Inheritance

You’ve just received a sizable inheritance. Now what? Whether or not you were expecting to inherit a large sum of money, it can still be a bit of a jarring experience. In fact, many new clients who reach out to me get in touch because they’ve received an inheritance, and aren’t really sure what to…

Read More

Should You Pay Off Your Mortgage Before Retirement?

Choose the correct phrase to complete this analogous pair: A mortgage is to retirement as water is to Ice Rain Oil The correct answer is C: a mortgage is to retirement as water is to oil. A mortgage doesn’t mix with retirement just like water doesn’t mix with oil. Did you just have a flashback…

Read More

Navigating Spending in Your Relationship

At Deerfield, we help our clients build comprehensive financial plans. That doesn’t just mean we help you plan for your investments, or create a savings strategy. We focus on more than just the dollars and cents of your plan because your financial life is impacted by so much bigger than just your finances! One way…

Read More

Organizing Your Loan Repayment

Working on organizing your loan repayment strategy can feel overwhelming. Personally, I feel like a lot of pressure is put on young professionals to focus on a financial strategy for their debt repayment. While putting together your repayment plan based on loan balances and interest rates is important, it’s also important to focus on your…

Read More

Charitable Giving and the New Tax Code: A Skeptic’s Perspective

With the new tax code in place, the standard deduction has increased across the board: Individuals: $12,200 Heads of household: $18,350 Married couples filing jointly, or surviving spouses: $24,400 As a result, most people – whether they’re married or not – are planning to take the standard deduction next filing season. When you take the…

Read More

Living on a Budget in Chicago

It’s not a secret that living in Chicago can be expensive. Coming from a non-Chicago area myself, I can honestly say that the first few times I met friends for dinner or drinks was a bit of a shock. The average cost of living in Chicago is significantly higher than the rest of America. However,…

Read More

Building A Retirement Lifestyle You Love

I don’t have 20/20 vision. I can’t see my alarm clock each morning, and I can only read something if I have it nearly pressed against my face. A person who approaches me resembles a blob and I am more likely to trip over anything left on the floor. But with my glasses, my vision…

Read More

4 Rules to Follow When Moving to a New City

Recently, I’ve had several clients all embark on out-of-state moves with their families. Moving is a really stressful life decision. The last thing you want to do when you tackle a move to a new city, or even a new state, is to add extra stress (financial or otherwise) to your life. I’ve guided several…

Read More

How to (Financially) Prepare For Summer

As a kid, summer was always my favorite time of year. Now, as a parent, I see a lot of the problems that summer can bring. My wife and I both work, and it can be tough to balance the expense of additional child care with the desire to spend more time with our kids.…

Read More