Build a Better Financial Future 079: How to Use a Health Savings Account to Boost Your Retirement
The cost of health insurance and out of pocket expenses is a great factor when it comes to retirement planning. Tune in to learn how you can use a Health Savings Account to plan for these costs, and also use it to help boost your retirement.
Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.
From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession.
He is the host of the "On My Way to Wealth" podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community. Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine's 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.
Notes:
In this episode, Luis talks about the following and more:
- What a Health Savings Account is.
- Who Qualifies for an HSA.
- Contribution Limits to HSAs.
- The Tax Advantages of HSAs.
Resources: