Vanguard Partners on Offering HSAs to DC Plans

For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their DC plan balance and other assets to give them a comprehensive view of their current and future retirement savings.

Vanguard announced a partnership with HealthEquity, an independent health savings account (HSA) custodian, to provide defined contribution (DC) plan sponsors and their participants a new service integrating health and wealth planning for retirement.

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Vanguard will offer plan sponsors the ability to provide an HSA solution to their employees that features low-cost Vanguard funds or the same investment options as their DC plan line-up.

HSAs can be an effective, highly tax-efficient means to save for health care expenses in retirement. For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their DC plan balance and other assets to give them a comprehensive view of their current and future retirement savings. Participants will also benefit from highly personalized communications that are rooted in behavioral finance and proven to successfully encourage their next best action.

“Consumers who learn to use HSAs and DC plans together are on the fast track to retirement readiness. Our partnership with Vanguard offers plan sponsors a powerful solution to connect health and wealth,” says Jon Kessler, president and CEO at HealthEquity.

As a supplement to its new HSA solution, Vanguard plans to introduce a new proprietary health care cost calculator that will help participants to better plan and save for health care expenses in retirement.

A Little Friday File Fun

And now it's time for FRIDAY FILES!

In the Arnhem, Holland, a 69-year-old man has filed a lawsuit against the government requesting that his date of birth be switched from March 11, 1949, to March 11, 1969. He told the court that having an official age that did not reflect his emotional state was a challenge for his career and love life, according to The Guardian. He said that in exchange for being legally younger, he would agree to renounce his pension. A ruling is expected within four weeks.

 

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In Malmo, Sweden, the Disgusting Food Museum aims to challenge perceptions of taste and help visitors contemplate why one culture’s abomination is another’s delicacy. Grasshoppers, cooked animals’ skulls and other body parts, including an eyeball, are on display in pots or on boards. European fare ranges from Iceland’s cured shark, Hakarl, to Sardinia’s Casu Marzu cheese, which is riddled with insect larvae. There is Scottish haggis, made from sheep innards, and Sweden’s smelly Surstromming fermented herring. According to Reuters, North America is represented by sweet treats: Jell-O salad and root beer. Australian visitor Nichole Courtney said she was surprised to come across Vegemite, her homeland’s sandwich spread of concentrated yeast extract which is known to divide opinion. “Things like Vegemite which we find really normal at home, like we’d eat that every day for breakfast, are next to things like the shark that I couldn’t imagine tasting and I think it is revolting so it’s quite funny for us,” she said, according to the news report. If visitors find displays too revolting, not to worry, the entry tickets are not really tickets—they’re printed on vomit bags.

 

In Milton, West Virginia, police have received reports of rabid raccoons terrorizing a neighborhood. However, police found they were not rabid but “drunk” on crabapples. According to the Huffington Post, police recently hauled in two drunk raccoons; they said catching them was a “community effort.” After the animals sobered up, the officers released them into the woods unharmed.

 

In Gulfport, Mississippi, a man has been arrested after he drove his pickup truck into a courthouse. News outlets reported that the police department said in a news release that the 28-year-old told officers he intentionally crashed into the Harrison County Courthouse early Saturday because it was the best way to let them know his drug parap.hernalia had been stolen. No one was hurt.

 

In Manchester City, England, a referee has been banned for three-weeks by the English Football Association for the way he asked team captains to decide the kick-off before a Women’s Super League (WSL) match. A coin toss to decide who kicks off is a requirement under the laws of the game but the referee left his coin in the dressing room and allowed the captains to play rock, paper, scissors instead, Reuters reports.
In Pasco County, Florida, a sheriff’s deputy pulled over an unusual driver in an unusual car, for speeding. The driver was dressed as Fred Flintstone, and he was in a Smart car customized to look like the foot-powered caveman car seen in the 1960s cartoon series, according to local station WPTV.
Oh, the things children say and do!

If you can't view the below video, try https://youtu.be/5MeyIgxueTA.
Cat chases mouse turns into mouse chases cat.

If you can't view the below video, try https://youtu.be/tbtx0xdy6kQ.
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