Health Savings Accounts (HSA): A Triple Tax Benefit

May 30, 2025

Why Model Portfolios Matter

Think of a model portfolio as the GPS for your financial journey. Before the engine starts, we chart the course—factoring in where you’re headed (your goals) and how you prefer to travel (your comfort with risk). It’s not about guessing the next turn; it’s about following a thoughtfully mapped route that helps you avoid detours, wrong exits, and those all-too-common emotional U-turns.

This structure matters. Instead of second-guessing every market move, you can lean into the clarity that comes from having a disciplined, adaptive plan. The road may twist, but your portfolio adjusts while keeping your destination in focus.

So what is a model portfolio, really? It’s a pre-built, strategically allocated mix of investments designed to match a specific risk profile or objective—like a financial recipe crafted for results. Here’s what makes it tick:

Strategic Allocation – Diversified across stocks, bonds, and more, tailored to your risk tolerance.
Repeatable Framework – Built for consistency and scalability across many clients or accounts.
Monitored & Benchmarked – Tracked against meaningful benchmarks, with regular rebalancing to stay on course.
Risk-Calibrated – Labeled by style: conservative, balanced, growth, or aggressive.
Guided by Experts – Managed by advisors or powered by smart automation.

At its core, a model portfolio brings order to chaos. It gives your money direction, purpose, and a plan you can believe in—rain or shine.

WEALTH-RELATED NEWS

Wealth Mechanics™

Tax-Efficient Withdrawals is a popular topic. When it comes to building a thoughtful financial strategy, how you withdraw money can be just as important as where it comes from. That’s why we’ve put together our Tax-Savvy Withdrawal Guide—a resource designed to help you (and your advisor) make smarter choices with every dollar you pull.

Inside, you’ll find a streamlined overview of the most common accounts and income sources—along with the tax baggage (or benefits) they may carry. From retirement accounts to investment portfolios, we break down how each source may impact your tax bill and your overall plan.

With this guide in hand, you’ll be better equipped to:

Choose the right bucket at the right time to minimize taxes
Avoid surprise penalties
Understand which withdrawals bump up your adjusted gross income (AGI)
Stay clear of costly missteps—like triggering the 3.8% Net Investment Income Tax

Whether you’re drawing income in retirement or funding short-term goals, this tool helps ensure your plan remains tax-smart and forward-thinking.

DOWNLOAD OUR GUIDE

MARKET COMMENTARY

Equities

Stocks climbed again, powered by easing tariff tensions and tech strength—Nvidia lit the spark, and trade optimism kept it burning.
Tariff delays to the EU and a Trade Court ruling chipped away at the “Liberation Day” duties, fueling gains.
Growth stocks finally showed some teeth, outpacing value and gaining ground on 2025’s lag.
Large caps led the charge, while small and mid-caps stayed in the shadow.
The S&P 500 saw widespread participation—only energy lagged as oil flirted with $60/barrel.

Bonds

Falling yields gave bonds a lift—the 2-year settled at 4.00%, while the 10-year slid to 4.41%.
The yield curve held steady at 0.52%, keeping the recession watch quiet for now.
Long-duration bonds outperformed as rate pressures eased.
Credit spreads tightened, with high-yield and investment-grade markets signaling investor confidence.
Final yields: 5.22% for investment-grade, 7.72% for high-yield—still attractive in a risk-on environment.

Macroeconomic Data

Consumer spirits perked up: The Conference Board’s index bounced back to 98.0, ending a five-month slide.
Inflation progress continued—core PCE rose just 0.1% in May, now up 2.5% year-over-year, inching closer to the Fed’s 2% goal.
Personal income climbed 0.8%, and the savings rate nudged up to 4.9%—more fuel in the consumer engine.
Spending rose modestly (+0.2%), mostly on essentials like housing, utilities, and healthcare.
Caution flags: Durable goods dropped 6.3%, and jobless claims rose more than expected, hinting at labor market softening.

INDEX RETURNS

(as of Monday’s Market Opening)

	Total Return (1D)	Total Return (1W)	Total Return (MTD)	Total Return (QTD)	Total Return (YTD)
S&P 500	0.41%	0.24%	0.41%	5.78%	0.92%
Dow Jones Industrial Average	0.08%	-0.09%	0.08%	0.72%	-0.56%
NASDAQ	0.67%	0.23%	0.67%	11.23%	-0.35%
NASDAQ 100	0.71%	0.36%	0.71%	11.48%	2.28%
Russell 2000 Index	0.19%	-0.97%	0.19%	2.90%	-7.17%
Russell 3000 Index	0.49%	2.23%	0.49%	5.94%	0.94%
ACWI	0.74%	1.86%	0.74%	7.03%	6.02%

Source: MorningStar

ANNUITY WATCH

FIXED ACCOUNT		FIXED ACCOUNT
(premium greater $100K)		(premium less than $100K)
5.5%		4.25%

Source: Jackson Financial

Disclosures

Wealth Mechanics™ is a registered trademark of Cestia Wealth Management. Unauthorized use of the trademark, including but not limited to commercial use, reproduction, or imitation without explicit written permission from Cestia Wealth Management, is strictly prohibited.
Market Commentary provided by NewEdge Advisors
Charts concerning market data are provided by Exhibit A.
Guides and other downloadable firm material respective to financial planning processes and data are provided and powered by fpPathfinder.
Advisory services offered through NewEdge Advisors, LLC, a registered investment adviser. Securities offered through NewEdge Securities, LLC. Member FINRA/SIPC. NewEdge Advisors, LLC and NewEdge Securities, LLC are wholly owned subsidiaries of NewEdge Capital Group, LLC.
Cestia Wealth Management is not a legal tax professional. We offer tax gap analysis for clients who desire to have a comprehensive financial plan, which requires in-depth tax strategy and planning as a distinct part of the overall customized solution. Please consult your tax professional on all matters addressed in this report.
Information about annuities are not to be considered a recommendation. The information provided should not considered a recommendation to purchase or sell any particular security.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. Please note that individual situations can vary. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.

By Jason Foster

June 3, 2025

Cestia Wealth Management