Blog

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…

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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…

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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…

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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,…

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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…

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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…

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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.…

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Should You Continue To Work After You Retire?

I often think about retirement like renovating a home. You know that, in the long run, you’re going to get exactly what you want out of it. It’s going to be perfect – and unlike anybody else’s. But during a home renovation process, you might run into some roadblocks. You and your partner might not…

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How to Build Wealth in Your 20s and 30s

When you’re in your 20s and 30s, building wealth doesn’t always feel like a first priority. You’re wrapping up your education, dealing with a mountain of student loans, and pursuing more immediate goals – like getting married, starting a family, kicking off your career, and purchasing a home. But if you start working toward building…

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How Should I Save For Retirement?

Your retirement savings strategy is a really important part of retirement preparation. Although it may seem like “just saving” using a workplace retirement account, or a target date fund based on your retirement timeline, makes sense – your unique goals are likely better served by a carefully constructed plan. Not all savings vehicles are created…

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