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5) Retirement Planning
HSA as a stealth retirement tool
An HSA (Health Savings Account) is meant for doctor bills, but it is actually the most powerful investment account in the U.S. The Triple Tax Advantage: 1) Money goes in tax-free. 2) It grows tax-free. 3) You take it out tax-free (for medical costs). The 'Stealth' Trick: If you don't use it for doctor bills, you can let the money stay in the market for 30 years. After age 65, it acts exactly like a Traditional IRA—you can take it out for anything (like a vacation), and you just pay normal income tax.
An HSA (Health Savings Account) is meant for doctor bills, but it is actually the most powerful investment account in the U.S.
- The Triple Tax Advantage: 1. Money goes in tax-free. 2. It grows tax-free. 3. You take it out tax-free (for medical costs).
- The "Stealth" Trick: If you don't use it for doctor bills, you can let the money stay in the market for 30 years. After age 65, it acts exactly like a Traditional IRA, you can take it out for anything (like a vacation), and you just pay normal income tax.
Free Resource: Why An HSA Will Make You Rich
Resources
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