"If the money is used for an ineligible expense (whether medical or non-medical), the expenditure will be taxed and, for individuals who are not disabled or over age 65, subject to a 20% tax penalty. If you are 65 or older at the time of withdrawal, then you are free to withdraw money from your HSA for any purpose"

We have a YOUTUBE channel! Check it out here!

Our Latest Videos:

7 Costly Roth IRA Mistakes

What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!)

How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?)

Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a hold of me!

Thank you to Ladder Life Insurance for sponsoring the show! Check them out at ladderlife.com/pfp

Thanks to BlockFi for sponsoring the show! Get the all new Bitcoin Rewards Visa card with $25 in free Bitcoin at BlockFi.com/PFP
Thanks to ButcherBox For Sponsoring the show! Right now new members get a free turkey with their first box when you head to butcherbox.com/pfp.
Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping!
Thanks to OurCrowd for sponsoring the show! Invest in Venture Capital at OurCrowd.com/PFP
Thanks to Masterworks for Sponsoring the show! Invest in art at masterworks.io/pfp
Thanks to Boll and Branch for Sponsoring the show! Get the best sheets in the world at bollandbranch.com and use promo code PFP.