Pocket-sized Advice: What’s the Deal with HSAs?
In this week’s episode, Jeb Bowie breaks down one of the most powerful (and underused) tools for long-term financial planning: the Health Savings Account (HSA).
According to Fidelity, the average 65-year-old retiring today will need around $165,000 just for medical expenses during retirement. That number’s not going down anytime soon—so planning ahead is key.
Enter the HSA and its triple tax advantage:
- Contributions are tax-deductible
- Growth is tax-free
- Withdrawals for medical expenses? Also tax-free.
Whether you’re building a future healthcare “piggy bank” or just trying to make smarter use of your high-deductible health plan, HSAs can be a powerful part of your strategy.
