Welcome to the Deerfield Private Client – Investment Advisory for the Family Blog. Our aim with the articles in this section of the Deerfield Advisor Knowledge Base blog is to provide relevant and helpful information for Individuals seeking to minimize their exposure to risk and maximize their chances of achieving or maintaining Financial Independence. It’s a risky world out there so it helps to be well informed about all the things that can cause loss and get in the way of achieving your financial goals. We hope you find it helpful. As always, don’t hesitate to contact us if you have questions or comments.
The Deerfield Team
A Practical Guide to HSAs?
If you’ve been following our series, you know that a Health Savings Account is a tax-advantaged, IRA-like creation designed for people covered under a High-Deductible Health Plan. If you also found out that you are eligible for an HSA and like its many benefits, it may be time to open an account. But how do you go about it?
Is an HSA Right for You?
Despite its unique triple tax advantage, over one third of those eligible for a health savings account do not have one. Since the average 65-year-old married couple will need well over $200,000 in healthcare expenses during retirement, it’s worth considering whether opening an HSA is right for you. Of course, an HSA is not the only way to save money for retirement or immediate healthcare costs. What advantages does an HSA have over other savings accounts? Are you able to open one? Should you?
Before & After a Windstorm
The season for wind storms is fast approaching. Although last season was relatively quiescent, it’s advisable to be ready this year. Most of us think: “It won’t happen to me,” but if it does, it helps to be prepared. Below are a few before & after tips that will get you through just in case.
Home Fire Fatalities–Simple Steps to Prevent Them
Between 2007 and 2011, the NFPA reported a yearly average of 366,600 home structure fires resulting in 2,570 civilian deaths, 13,210 civilian injuries, and over $7 billion dollars in damage. That’s an average of seven deaths per day. In 2013, a home structure fire was reported every 85 seconds in the United States.