The Dimensional funds, especially the newly released Target Date Retirement Income Funds, perfectly complement the goals of an investment HSA.
Richmond, VA (PRWEB) January 26, 2016
HealthSavings Administrators, among the top 1% of the nation’s health savings account (HSA) investment companies in accounts and assets, proudly announces the launch of the first HSA featuring only investment funds managed by Dimensional Fund Advisors LP, a global investment firm headquartered in Austin, Texas.
This new HSA will offer 22 Dimensional funds, including 10 new Target Date Retirement Income Funds (TDIF TM) designed to address market, interest rate, and inflation risks leading up to and throughout retirement. Participants can invest immediately in these funds when they open an account due to HealthSavings’ first dollar investment program—a program without large minimum balance requirements—enabling account holders to save efficiently for both current and future healthcare expenses.
“Investment HSAs are an integral part of a comprehensive retirement planning strategy,” said Pat Jarrett, President of HealthSavings. “The Dimensional funds, especially the newly released Target Date Retirement Income Funds, perfectly complement the goals of an investment HSA, and we’re happy to partner with Dimensional Fund Advisors on this superior product. Plus, our online platform, the Investment Provider Xchange (IPX), provides employees with one, single sign-on platform for opening their HSA, self-directing investments, ordering debit card(s), making contributions and withdrawals, viewing statements and other educational materials.”
A health savings account is much like an individual retirement account, but the funds are reserved for eligible healthcare expenses. The money is deposited tax free or tax deductible, and the funds remain tax free when used to pay or reimburse for eligible medical expenses. The interest and earnings grow tax free, too.
HealthSavings’ emphasis is on helping individuals build assets for future eligible medical expenses, which means our HSA becomes part of account holders’ medical planning and retirement planning strategy. HealthSavings’ clients span all 50 states, and we work with a variety of employer groups, brokers, financial advisors, and individual investors administering nearly $500 million in investments.
“Recurring healthcare expenses play an increasingly important role in the overall consumption budget for retirees, and Dimensional Fund Advisors is pleased to offer our investment solutions to help employees as they save for these retirement-related expenses,” said Stephen Clark, Dimensional’s Head of Global Institutional Services. “We are excited that our Target Date Retirement Income Funds are now not only available to investors who are focused on investing for future retirement needs, but also healthcare expenses, as these funds are designed to manage the relevant risks investors face when saving for the long term, specifically, market, interest rate, and inflation risks.”
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About HealthSavings Administrators
HealthSavings helps clients prepare for life’s changing health and financial needs with what we know best — investment health savings accounts (HSAs). The firm got its start in 1996 as a medical savings account (MSA) administrator. After the legislation enacting HSAs passed in January 2004, we shifted our focus to HSAs and now serve more than 66,000 members. Known as “the investor’s HSA,” HealthSavings has been consistently recognized as one of the best values in HSAs with mentions in Forbes, Money magazine, the Wall Street Journal, Kiplinger’s, and Reuters as well as various online publications. Learn more at HealthSavings.com
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About Dimensional Fund Advisors
Dimensional Fund Advisors is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through advanced portfolio design and careful implementation. An enduring philosophy, strong client commitment, and deep connections with the academic community underpin our approach. With clients around the world, Dimensional has 12 offices in eight countries and global assets under management of $388 billion as of December 31, 2015. Learn more at us.dimensional.com.
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Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission and investment advisor to the Dimensional Target Date Retirement Income Funds that launched on November 2, 2015. There is no guarantee strategies will be successful.
Investments in target date funds are subject to the risks of their underlying funds, and asset allocations are subject to change over time in accordance with each fund's prospectus. An investment in or retirement income from a target date portfolio is not guaranteed at any time, including on or after the target date. An investment in a target date portfolio does not eliminate the need for investors to decide—before investing and periodically thereafter—whether the portfolio fits their financial situation. For more information, please refer to the prospectus.