Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze School: How an HSA Can Help You In Retirement
Mar 3, 2024
Learn about the benefits of using Health Savings Accounts for retirement planning, including tax advantages and strategic savings tips. Understand the eligibility criteria for HSAs and how to maximize their potential. Get ready for upcoming podcast topics and a reminder to prioritize relationships over material possessions.
33:59
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Quick takeaways
- Health Savings Accounts (HSA) provide tax-free savings for retirement medical expenses.
- HSAs offer investment opportunities with tax-free growth potential for substantial retirement savings.
Deep dives
Benefits of a High-Deductible Health Plan with HSA
High-deductible health plans (HDHP) with Health Savings Accounts (HSA) offer unique advantages for retirement planning. These plans feature lower premiums and allow tax-free contributions to the HSA. The HSA funds can be used for qualified medical expenses tax-free, making it a valuable retirement account option. Additionally, the HSA comes with a minimum annual deductible, providing flexibility in healthcare expenses.
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