Catching Up to FI cover image

Catching Up to FI

Mind Blowing ways to Maximize Your Health Savings Account (HSA) | Jeff York | 98

Sep 29, 2024
In this insightful discussion, Jeff York, known as the 'Wealthy Custodian,' teams up with HSA Maven Jackie to unfold the secrets of maximizing Health Savings Accounts. They dive into strategies for investing HSAs for long-term wealth, tackle misconceptions, and explain the benefits of transitioning from IRAs to HSAs. The duo also shares tips on using HSA funds for healthcare abroad, and how to navigate high deductible plans efficiently. Whether you’re a novice or looking to supercharge your financial strategy, their expertise will leave you ready to take action!
01:12:57

Podcast summary created with Snipd AI

Quick takeaways

  • HSAs are vastly underutilized for long-term investment, with only 8% of accounts actively invested despite their wealth-building potential.
  • Listeners are encouraged to view HSAs not just as spending accounts but as strategic tools for maximizing tax benefits and retirement planning.

Deep dives

Introduction of HSA Experts

The episode introduces Jeff York, an HSA expert known as the wealthy custodian, and co-host Jackie Kamaskowski. They emphasize the significance of Health Savings Accounts (HSAs) and the misconceptions surrounding them. The discussion focuses on the potential of HSAs for long-term savings and investment. Jeff shares his personal experience of achieving financial independence while working as a custodian, highlighting the wealth-building opportunities HSAs provide.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode