Are HSAs good tax-advantaged accounts? Can you really accumulate funds over the years and use them tax-free in retirement? This is what listener Beth is wondering. She maxes out her HSA every year without touching it. We’ll discuss whether this strategy could be a smart move or if there are potential pitfalls to consider.
In this episode, Frank explores how Health Savings Accounts work, including their unique tax benefits, the flexibility they offer, and how they might fit into a broader financial plan. We’ll look at how leaving your HSA intact today could provide more options tomorrow. Many people are unaware of the full potential of HSAs, so tune in to learn something new today!
Here’s what we discuss in this episode:
💡 What makes HSAs unique
📈 Why letting your HSA grow could pay off
🩺 Tracking past medical expenses for future use
💬 Common mistakes and how to avoid them
0:00 – Intro Beth’s smart HSA question
0:59 – How the triple tax benefit really works
3:17 – Do HSA funds have to be used for medical expenses?
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