Can you take advantage of the H.S.A. triple tax threat?

You may or may not already know that an H.S.A. can help:

1. Put money away pre-tax (up $4150 for individuals and $8300 for family, plus an extra $1,000 if you are over 50)

2. Can be withdrawn tax-free when used for qualified medical expenses. (yes, prescriptions and more are included)

You may not have known:

1. If you don’t need the funds today, you can accumulate them year after year tax-free. Funds do not need to be used each year like an F.S.A.

2. You can invest the money inside your H.S.A. to grow tax-free in the years leading up to retirement.

3. Investment options are usually similar to a 401k or 403b plan.

4. You can then use the money to pay for things like health insurance premiums between your retirement and age 65, when Medicare kicks in!

5. You can even withdraw funds from your H.S.A. in future years to reimburse yourself for qualified medical expenses from previous years tax-free!

This is a huge advantage many people aren’t aware of that can make a big difference for people who want to retire anytime before age 65.

Check out our downloadable PDF guide here to see if your health insurance plan qualifies for an H.S.A.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through IHT Wealth Management, a registered investment advisor. IHT

Wealth Management and RB Wealth Partners are separate entities from LPL Financial.

Securities offered through LPL Financial, Member FINRA/ SIPC. Investment advice offered through IHT Wealth Management, a registered investment advisor. IHT Wealth Management and AutomotiveWealth are separate entities from LPL Financial.

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