The 6 Things Everyone Should Know About An HSA
Episode 272
The 6 Things Everyone Should Know About An HSA
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Equipping Points:
Health Savings Accounts (HSAs) might just be the most powerful and overlooked tool in your financial toolbox. Today, David is breaking down six key things everyone should know about HSAs, from eligibility and contributions to how they can grow over time and work across job changes.
As David explains, an HSA offers a rare triple tax advantage, but these perks come with rules and a few caveats. You'll learn who qualifies, how much you can contribute, whether you can invest the funds, what happens if you change jobs, and what HSAs can (and can’t) be used for. Plus, we’ll tackle the big question: is an HSA the right move for everyone? And don’t miss the bonus tip that many people forget. It’s one that could impact your loved ones later.
Here’s some of what we discuss in this episode:
🩺 Who qualifies and who doesn’t
💰 Maximize annual contributions the smart way
📈 Using an HAS as an investment
🧳 What happens if you change jobs
💳 Tax-free withdrawals for medical expenses
Today's Takeaway:
Some of these episodes were recorded under the branding of KC Financial Advisors, which has since rebranded as CreativeOne Advisors Group. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group.
