The retirement planning hack can be a secret weapon for tax-free growth.

Quick Tax Tip
With Art Werner
CPE Today

When most people hear “HSA,” they think of medical expenses and high-deductible health plans. But in the latest episode of Quick Tax Tip, tax educator and attorney Art Werner urges tax professionals—and their clients—to look deeper.

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In his signature style, Werner reframes the Health Savings Account (HSA) as one of the most underrated retirement planning tools available today.

“I don’t look at the HSA as a way to pay for medical bills,” says Werner. “I look at it as a disguised retirement plan.”

Many taxpayers—and even some practitioners—limit their view of the HSA to a reimbursement vehicle for immediate out-of-pocket costs. But Werner explains that this account can function much like a Roth IRA, offering triple-tax benefits: contributions are tax-deductible, growth is tax-free, and qualified withdrawals for medical expenses are also tax-free.

Here’s the twist: You don’t have to take reimbursements immediately.