If you can afford to cover your family’s health care costs out-of-pocket (without spending your Health Savings Account (“HSA” consider investing those HSA assets instead The tax-free growth in these assets can accumulate significantly over time to help fund health care costs in retirement freeing your retirement assets up to help fund your retirement goals, Not everyone has access to an HSA but if you do there are opportunities to potentially integrate these accounts into your overall financial plan HSA accounts are only available for individuals and families covered by a high-deductible health plan (“HDHP” Since HDHPs have higher out-of-pocket deductibles than traditional coverage individuals and families must be comfortable with paying “first…, Here are four reasons to stop spending and start investing your HSA assets, Take advantage of federal triple tax benefits, Annual contributions of $8550 per family (2025¹ are made with pre-tax dollars Tax-deferred growth Tax-free withdrawals for health care expenses, Pay for medical expenses past and present, HSA accounts allow you to withdraw these assets to reimburse yourself for health care expenses both past and present If you have retained detailed documentation of all medical expenses since your HSA was opened and you paid for these expenses out of pocket you can repay yourself from the HSA later even if those expenses were from 10 or 20 years ago It is crucial that you keep detailed…, Know that you will have “enough” for health care expenses without having to spend your retirement assets, Health care costs will likely be one of the largest expenses individuals face in retirement and they continue to rise unpredictably On average individuals pay $295000 ²  in health care expenses during their retirement not including long term care These expenses are a combination of prescription drug out-of-pocket costs premium payments associated with Medicare Part B and D and Medicare cost-…, Invest your HSA assets as part of your overall portfolio, Your wealth advisor can help you invest these assets into a diversified portfolio of mutual funds or exchange traded funds (ETFs which integrate into your overall financial plan to support your lifetime goals  Source Mesirow Health care is commonly a financial concern among investors HSA can be an effective long-term saving vehicle to help cover health care expenses in retirement and it can…, Published February 2025, 1  https//wwwshrmorg/topics-tools/news/benefits-compensation/irs-announces-2025-hsa--hdhp-limits   2 Fidelity Benefits Consulting estimate 2020 Estimate based on a hypothetical couple retiring in 2020 65 years old with life expectancies that align with Society of Actuaries RP-2014 Healthy Annuitant rates with Mortality Improvements Scale MP-2016 Actual expenses may be more or less depending on…

Liquidity management in the context of a currency overlay or hedge is an issue that periodically resurfaces, Investors with currency hedging programs are often confronted with positive or negative cash flows when currency forwards are rolled from one settlement date to the next  For most institutional investors who are typically near fully invested and hold minimal cash positive or negative cash flows the result of a realized gain or loss can pose a challenge The growing allocation to private assets…, bullet, forward approach (same settlement date and amount 3-month, laddered, forward approach (different settlement dates and amounts The payment sizes are significantly larger with the 3-month bullet forward than with the laddered strategy However payment frequency is higher with the laddered approach compared to the 3-month bullet forward Figure 1 | PAYMENT FREQUENCY AND SIZE OF 3M FORWARD CONTRACTS FOR A SAMPLE AUDUSD PORTFOLIO – HYPOTHETICAL This chart with…, Strategy, Objective, Disadvantages, Staggered (ladder settlement Smooth out cash flows Reduce liquidity pressure Lower payment size Frequent payments Roll contracts early Provides time to cover potential losses Provides liquidity The base currency appreciates post roll and potential offsetting gains are delayed HRR – Historical rate rollover Secure original contract rate Delay realization of gains or losses  Accumulating deferred…

Francois Teissonniere is Senior Managing Director in the Office of the Chairman and is responsible for the firm’s principal activities Francois brings more than 20 years of experience in investment banking He has advised or led complex public and private transactions including domestic and cross-border mergers acquisitions sales privatizations recapitalizations financings leveraged buy-outs spin-…

In the most unusual of years 2020 will be remembered in FX for the market implications related to COVID-19 Brexit and the US election A culmination of factors led to significant US dollar weakness calling into question the dominance of the US dollar and its status as the world’s reserve currency As the US dollar continues to weaken into the New Year the rising adoption of digital currencies in…

As  2020 advances amid the coronavirus epidemic the financial market reactions have reflected the magnitude of concern felt by the world on a global scale with currency risk weighing heavily on international investors Since our previous paper in late February risky assets have continued to be under pressure with peak-to-trough drops of -34% in both the S&P 500 and MSCI World thus far this…

Gabriel Korach is a Senior Managing Director and Wealth Advisor in Mesirow Wealth Management He works with high net worth individuals families and business owners to build comprehensive wealth management plans that integrate all areas of financial planning A particular area of focus for Gabriel is generational wealth transfer Gabriel has 19 years of experience in the financial services industry…