Skip to site content
The Show

Mind-Blowing Benefits of Health Savings Accounts

Should you have a Health Savings Account (HSA)? Fidelity estimates that people 65 years of age till death will require $275,000 to cover medical care costs in retirement. That can leave many of us wondering how to plan and prepare for having that sum of money ready for future healthcare costs.  Fortunately, there is a financial tool that may just be the answer for saving toward healthcare costs in retirement.

Tune in to this week’s mini-episode of The Money Guy Show to find out:

  • What is a Health Savings Account (HSA) and how is it different from say a Flexible Spending Account (FSA)
  • Who qualifies for opening an HSA
  • The three biggest ways an HSA helps you save on taxes – think Triple Tax Advantage!
  • What the contribution limits are for 2018
  • Why it’s such an efficient sleeper retirement account
  • How to select an HSA provider
  • Considerations for determining whether or not an HSA is right for you

Enjoy the Show?

Categories

Tags

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

Related Content

Free Resources

How Much Should You Save?

How much of your income can you replace in retirement? You can replace different portions of your income in retirement…

View Resource

The Money Guy Guide to Retirement

Here are 9 insights you don’t want to miss… Whether you are 30 years away from retirement or 5 years…

View Resource

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Articles

When Is It Okay to Lower Your Investing Rate Below 20%?

, ,

Read More

Exclusive Sneak Peek of Millionaire Mission by Brian Preston

, ,

Read More

What’s the Best Bridge Account for Early Retirement?

, ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-math.png

Know Your Number Course

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

BudgetingAppQA

Best 4 Budgeting Apps! (Ranked by The Money Guy Team)

Watch Now
FULL WinFinanciallyByIncome A 1

How to Win Financially Based on Your Income! ($30k, $50k, $100k, $150k)

Watch Now
Tightwad QA

Does Investing Over 25% Make You a Tightwad?

Watch Now