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Student Loans and Your Taxes: How They Work Together

Did you know that your student loans have a big impact on your taxes? That’s right – your student debt influences whether you should file jointly or separately from your spouse, whether or not you’re taxed on the forgiven portion of your loans, and whether you have an additional deduction (if you choose to itemize…

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Is Your Student Loan Grace Period Over?

Are you confused about your student loan grace period? You’re not alone. Many new grads feel frustrated and a little lost about how long their grace period is, and what exactly it means for their student debt. This is especially true of young professionals who have gone through additional schooling – like attorneys and physicians…

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Contribute Now, Save Later: Taxes and Your 401(k)

Most people are aware that their 401(k) is an excellent tool for retirement savings. In fact, Americans with access to a 401(k) plan are making contributions across the board – 52% of millennials, 75% of Gen X, and 80% of baby boomers contribute regularly. The majority of people who contribute on a regular basis are…

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Are You Saving Money During Benefits Enrollment?

People often view open enrollment season at their office as a time where they need to check a box that basically ensures that they continue to get the coverage they’ve always had. People are creatures of habit, and the idea of reviewing your coverage and making changes can be both overwhelming and unsettling. Not to…

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The (Surprisingly) Positive Impact of Rising Rates on Municipal Bonds

  While interest rates have already increased considerably since the end of August, some investors remain concerned about potential additional increases as the monetary policies of the Federal Reserve become less accommodative. The immediate effect of a rise in interest rates is, of course, a drop in the value of fixed income investments, which has…

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What’s Your Passion?

  Do you spend much time around people whose creative energy and passion are irrepressible?   They’re contagious.  Regardless of the topic, you want to know more.  Seeing them light up is magnetic, electrifying.  You can feel it in the air, and it pulls you into a place where you want to be.  It’s as though…

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Young Deerfield Shareholder “Totally Crushing It”

Deerfield Financial Advisors Shareholder Ben Hockema has been featured as the cover story in a recent article in the TD Ameritrade Advisor Solutions Magazine. Take a look at the “Young, Talented, and Totally Crushing It” story here: Young, Talented and Totally Crushing It

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More Is Caught Than Taught

What if our kids could magically acquire solid money management skills?  Don’t most parents hope their children grow up to be responsible adults with sound judgment on financial matters, even such basic things as making regular payments on their mortgages, setting money aside in advance for emergencies, and avoiding excessive credit card debt.  Have you…

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How to React to the Recent Stock Market Volatility

Last year was a remarkable year for stocks.  Gains were relatively large, with the  S&P 500 Index returning 21.8% for the year, but not unprecedented.  The smoothness with which those gains occurred, however, was unprecedented.  The S&P 500 Index saw twelve months of positive returns last year on a total return basis – something it has not…

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A Look Back at 2017

A Look Back at 2017; What to Look Forward to in 2018   I enjoy the end of the year, spending time looking back fondly at all the places I have been, people I have spent time with and ways we have all moved forward together, both personally and professionally. For many people, 2017 was…

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