Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2767:
Discover a little-known strategy for maximizing your Health Savings Account (HSA) with insights from Rynda Chappell-Wilk. Learn how to accumulate a substantial tax-free balance over the years and use it strategically during retirement to avoid higher taxes and preserve your other investments.
Read along with the original article(s) here: https://www.financialfinesse.com/2017/10/17/the-health-savings-account-strategy-that-not-enough-people-are-talking-about/
Quotes to ponder:
"Qualified HSA withdrawals do not have to be taken in the year in which the expense was incurred."
"If you max out your HSA over a period of many years, you can build up quite a nice balance of tax-free money."
"Assuming you can afford to pay your medical expenses out of pocket before you retire, accumulating funds in an HSA account can be a great option to consider!"
Episode references:
Affordable Care Act (ACA): https://www.healthcare.gov/
Learn more about your ad choices. Visit megaphone.fm/adchoices
Optimal Finance Daily - Financial Independence and Money Advice