))
Health Savings Accounts 101: Avoid These Common Mistakes
Manage episode 424409551 series 3561532
Content provided by Archie and Rob Hoxton and Rob Hoxton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Archie and Rob Hoxton and Rob Hoxton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this week's episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton dive deep into Health Savings Accounts (HSAs), highlighting their unparalleled tax benefits and how they can be a powerful tool for future healthcare costs. Revisiting the basics and rules of HSAs, they draw clear distinctions between HSAs and Flexible Spending Accounts (FSAs). The episode emphasizes the importance of understanding qualified medical expenses, contribution limits, and the pitfalls of over-contributing or not investing HSA funds for growth.
Archie and Rob discuss scenarios such as family vs. single coverage contributions and the penalties for misusing HSA funds. They also touch on the unique investment opportunities within HSAs that can maximize tax-free growth. Make sure to reach out to Rob and Archie for more tips to help you understand different tax benefits and pitfalls!
If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation
Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website www.hoxtonpm.com
Watch on YouTube: https://youtu.be/N1btH6CIBdU
Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.
57 episodes
Share
