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How does an HSA work? (The Ultimate HSA Guide)

An HSA might be the best tax-advantaged retirement account available, but very few people are fully utilizing them. It works almost exactly like a Traditional IRA, except you can also do tax-free withdrawals for qualified medical expenses at any age, making it more flexible and reducing your medical costs.⁣

A lot of people don’t know that you can actually invest inside of one too. I use mine partially to pay for medical expenses, but most of the money is invested in a target date index fund!⁣

Note that you can only open one if you have an “HSA Compatible” health insurance plan. You would need to check with your health insurance provider to see if you qualify. Often times opening an HSA compatible plan is the cheapest option and comes with the bonus of an option to contribute to this cool tax-advantaged account!⁣

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Jeremy‎

via Instagram

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free live webinar!

Come join us on Monday, May 17th @ 5PM PT!

We'll be giving away 10 free copies of the course as well as PFC swag gift cards!

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LEARN TO INVEST!

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Come join us on Monday, May 17th @ 5PM PT!

We'll be giving away 10 free copies of the course as well as PFC swag gift cards!

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ABOUT

Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!

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