Why An Hsa Is The Ultimate Retirement Account The Money Ninja The bottom line. a health savings account is your secret weapon and should be one of your top retirement options. no other accounts have all of the combined advantages that an hsa has: 100% tax deductible contributions. money withdrawn for medical purposes is never taxable. At the time of withdrawals, this changes as the ira money is now taxed while the hsa is tax free. if both accounts were $300,000 and the owner was in the 24% tax bracket, the after tax equivalent.
Why An Hsa Is The Ultimate Retirement Account The Money Ninja Benefits of saving in an hsa. hsa funds offer three major tax advantages. the first is that your contributions reduce your taxable income for the year, much like 401 (k) or traditional ira. Yes, you can use an hsa for retirement. the hsa rules relax once you reach age 65. at that point, you can continue using your hsa for qualified medical expenses tax free. and you can use it for. Vanguard primecap core inv. (vpccx) health savings accounts have gotten plenty of financial media attention over the years, and the explosive growth of hsa assets is proof that investors are. A health savings account can be a great vehicle for saving money on health expenses and investing for the future. there are many ways to save for retirement beyond the standard 401(k) and ira.
Comments are closed.