New Direction Trust Company – Learn more about Health Saving Accounts with our featured blog posts.
What is a Health Saving Account (HSA)?
The IRS provides tax-advantaged tools to help save for medical costs, the most powerful being the HSA. Like an IRA, a HSA enables you to invest for future health care expenses. They can even invest in alternative investment options like real estate, private loans, and precious metals.
About NDTCO
We are a private financial trust based in Louisville, Colorado that provides best-in-class custodial services for more than 50,000 self-directed accounts and holds $3.7 billion in cash and assets for our clients. Our ongoing mission is to provide the education, flexibility, and account management tools investors need to realize that the spectrum of self-directed investments is broader and easier to manage than they think.
The main difference between investing directly and investing through a tax-advantaged plan like a Traditional IRA is the tax treatment of your contributions and earnings. When you invest directly in a taxable brokerage account, you use after-tax dollars to make your investments. This means that you don’t receive any tax benefits for your contributions, and … Read More
When talking about the key benefits of an IRA, first and foremost, IRAs are a powerful tool for saving for retirement. By contributing money to an IRA on a regular basis, you can build up a nest egg over time that can help support you during your golden years. Plus, with automatic contributions, you can … Read More
While 2020 brought new and unforeseen perspectives to health care, health expenses can arise unexpectedly at any time. The IRS provides tax-advantaged tools to help save for medical costs, the most powerful being the Health Savings Account. Like an IRA, a Health Savings Account (HSA) enables you to invest for future health care expenses. They … Read More
An increasingly common offering, Health Savings Accounts (HSAs) continue their decade-long upward momentum in consumer adoption. However, despite increasing education and multiple periods of HSA-qualified plan enrollments, HSA versatility still holds some surprises. For instance, how many know they can invest in real estate with a Health Savings Account? Ready to open a real estate HSA? Click … Read More
At NDTCO, our focus is helping clients learn about their options and helping them make it happen. Co-founder and CEO Bill Humphrey says, “Self-direction is not for everyone. The self-directed investor must be willing to take responsibility for investment choices, although their outside advisers or associates can help. Since we don’t sell investments, we don’t … Read More
Medicare helps retirees mitigate healthcare costs, but some may still have to pay substantial sums from their own pockets. One may consider supplementing Medicare benefits with a health savings account (HSA) with this fact in mind. Health Savings Accounts are individual custodial accounts that allow investors to hold the same alternative investment options as self-directed … Read More
New Direction Trust Company (“New Direction”) performs the duties of a directed custodian. It does not provide any investment advice, legal advice, or tax advice. New Direction does not undertake any due diligence for you, including with respect to any investment or investment provider featured in this blog post or joint webinar or any other investments that you choose to hold in your New Direction account(s). Any information regarding any investment provider or investments that is contained in this blog post or Webinar was provided by the third-party investment provider. New Direction is not affiliated with, does not control or direct, and has no responsibility over any third-party investment provider or investment, and the inclusion of any investment provider or investment options in this blog post or Webinar does not represent an endorsement or recommendation of the investment provider or investment by New Direction in any way. New Direction does not endorse or recommend any investment provider or investment, including those found in this blog post or Webinar. Information and third-party links contained in this blog post or webinar are provided for informational purposes only, and it is solely the responsibility of investors to perform their own, independent due diligence on any investment opportunity. Investors should consult their own investment, legal, and tax advisors before making any investment choices.
