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Health Savings Account (HSA)

Ascend Wealth Management works with clients to develop comprehensive retirement planning strategies. Among these strategies is the use of triple tax-advantaged health savings accounts (HSAs): pretax dollars go in; the money grows on a tax-free basis; and distributions are tax-free as long as the money is used to cover qualified healthcare expenses.

In addition to being the most tax-friendly savings vehicle available, HSAs are also more flexible than most people think: an HSA balance can be invested in the market; there is no “use it or lose it” restriction like flexible savings accounts (FSAs) (i.e., balances “rollover” and compound each year); there are no restrictions on when it has to be used or how much can be left in the account; and balances can be used to reimburse prior eligible medical expenses (meaning you can repay yourself in the future for expenses you incur today).

To take advantage of the benefits that HSAs offer, Ascend Wealth Management has built an HSA that utilizes our structured investing approach and features funds from Vanguard and Dimensional Fund Advisors.

Interest-bearing cash account and optional debit card

Investment account with FIRST DOLLAR INVESTING and no minimum balance required

We offer 8 model portfolios ranging from conservative to aggressive

No investment transaction fees

While invested, your money remains available for your use, or it can grow tax-deferred for future use

We work with clients develop comprehensive retirement planning strategies, including HSAs