Optimal Finance Daily - Financial Independence and Money Advice

2767: The Health Savings Account Strategy That Not Enough People Are Talking About by Rynda Chappell-Wilk with Financial Finesse


Listen Later

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 2767:

Discover a little-known strategy for maximizing your Health Savings Account (HSA) with insights from Rynda Chappell-Wilk. Learn how to accumulate a substantial tax-free balance over the years and use it strategically during retirement to avoid higher taxes and preserve your other investments.

Read along with the original article(s) here: https://www.financialfinesse.com/2017/10/17/the-health-savings-account-strategy-that-not-enough-people-are-talking-about/

Quotes to ponder:

"Qualified HSA withdrawals do not have to be taken in the year in which the expense was incurred."

"If you max out your HSA over a period of many years, you can build up quite a nice balance of tax-free money."

"Assuming you can afford to pay your medical expenses out of pocket before you retire, accumulating funds in an HSA account can be a great option to consider!"

Episode references:

Affordable Care Act (ACA): https://www.healthcare.gov/

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Optimal Finance Daily - Financial Independence and Money AdviceBy Optimal Living Daily | Diania Merriam

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

1,229 ratings


More shows like Optimal Finance Daily - Financial Independence and Money Advice

View all
Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,553 Listeners

Money Girl by QuickAndDirtyTips.com

Money Girl

1,850 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,990 Listeners

Optimal Living Daily - Personal Development and Self-Improvement by Justin Malik

Optimal Living Daily - Personal Development and Self-Improvement

3,078 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

809 Listeners

Optimal Health Daily - Fitness and Nutrition by Optimal Living Daily | Dr. Neal Malik

Optimal Health Daily - Fitness and Nutrition

686 Listeners

Optimal Work Daily - Career, Productivity and Entrepreneurship by Optimal Living Daily | Dan W.

Optimal Work Daily - Career, Productivity and Entrepreneurship

217 Listeners

ChooseFI by ChooseFI

ChooseFI

5,151 Listeners

Optimal Relationships Daily - Dating, Marriage and Parenting by Optimal Living Daily | Greg Audino

Optimal Relationships Daily - Dating, Marriage and Parenting

305 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

670 Listeners

Millionaires Unveiled by Jace Mattinson, CPA

Millionaires Unveiled

900 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,082 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

437 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,412 Listeners

Mile High FI Podcast by Doug Cunnington & Carl Jensen

Mile High FI Podcast

203 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

346 Listeners