Health Savings Accounts for Retirement? Yes, for Retirement!
This short from Jonathan Cameron of Cameron-Downing discussing an interesting financial option. It seems counterintuitive, but you can use an HSA (health savings account) in planning and saving for your retirement.
It’s perfectly legal and really interesting. Money is put in pre-tax, it grows tax-free, and if used for health expenses after age 65, you get tax-free withdrawals too.
What people don’t realize is that there is no stipulation that it must be used for health expenses, it’s just taxed as normal income if you do. Watch the video to learn more.
Health Savings Accounts for Retirement? Yes, for Retirement!
This short lesson from Jonathan Cameron of Cameron-Downing discussing an interesting financial option. It seems counterintuitive, but you can use an HSA (health savings account) in planning and saving for your retirement.
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