Episode 154: Making a Health Savings Account Part of Your Retirement Plan

Financial Freedom Podcast

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2y ago 21:34

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Back in Episode 80 I talked about Health Savings Accounts in conjunction with some high deductible health insurance plans through the Affordable Care Act. An HSA is a great idea if you have one of these plans.

However, since I have been talking about retirement planning and saving lately, I wanted to revisit this great savings option, as these accounts can serve two purposes: protect you from medial costs in a high deductible health plan and help you save for retirement at the same time. Find out how in this episode!

In this episode you will learn:

What an HSA is
The pros and cons of having one
Who can set one up
Who can contribute to one (and how much)
How an HSA helps with retirement planning
Is one right for you?

But to learn the most, talk to the HR person with your employer and/or a financial professional to get the right advice for you.

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