An HSA has a bigger tax benefit than any other account in America
70 million Americans are covered by an HSA (Health Savings Account) -- but most of us are not using it optimally
Here's how to maximize the power of an HSA:
70 million Americans are covered by an HSA (Health Savings Account) -- but most of us are not using it optimally
Here's how to maximize the power of an HSA:
An HSA is the only investment account that is triple tax-advantaged:
1 - Tax deduction when you contribute
2 - Tax-free investment growth
3 - Ability to spend tax-free HSA dollars on eligible healthcare expenses
And after age 65, you can withdraw the money for any reason!
1 - Tax deduction when you contribute
2 - Tax-free investment growth
3 - Ability to spend tax-free HSA dollars on eligible healthcare expenses
And after age 65, you can withdraw the money for any reason!
The HSA is so powerful, yet most people are making one of these mistakes:
Mistake 1: Not investing their HSA dollars
You can invest money in an HSA in almost anything you like & pay no taxes on the growth
Yet, 90% of HSA dollars are currently uninvested. Completely insane!
Mistake 1: Not investing their HSA dollars
You can invest money in an HSA in almost anything you like & pay no taxes on the growth
Yet, 90% of HSA dollars are currently uninvested. Completely insane!
Mistake 2: Spending down your HSA balance instead of letting it grow
My favorite feature of an HSA: You can pay for eligible medical expenses out of pocket & store the receipts
You can let your HSA grow & reimburse yourself at any point in the future - even 20+ years later!
My favorite feature of an HSA: You can pay for eligible medical expenses out of pocket & store the receipts
You can let your HSA grow & reimburse yourself at any point in the future - even 20+ years later!
How to use your HSA instead:
- Contribute the maximum to your HSA every year if eligible ($4150 single / $8300 family)
- Invest the dollars aggressively
- Pay medical expenses out of pocket & store the receipts
- Build a massive HSA balance & reimburse yourself later on!
- Contribute the maximum to your HSA every year if eligible ($4150 single / $8300 family)
- Invest the dollars aggressively
- Pay medical expenses out of pocket & store the receipts
- Build a massive HSA balance & reimburse yourself later on!
We're building a new type of HSA account at @carryhq_ for this use case
- Ability to invest in any asset with no fees
- No debit cards
- Receipt storage & tracking (for years!)
- 1-click reimbursement from stored receipts
Lmk if you want to be added to the HSA waitlist!
- Ability to invest in any asset with no fees
- No debit cards
- Receipt storage & tracking (for years!)
- 1-click reimbursement from stored receipts
Lmk if you want to be added to the HSA waitlist!
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