Health Savings Accounts are the most tax-efficient of all accounts, when the money is used for medical costs. You get a deduction on the way in, the account gets to grow tax-free, and the money comes out tax-free as well (again, assuming it’s used for qualified medical expenses). That’s the best tax treatment, at every step of the way.
This week, Christine Benz addressed the question of whether it’s possible to save too much in an HSA — and what to do about it, if you suspect that maybe you have done so.
- Can You Save Too Much in an HSA? from Christine Benz
Recommended Reading
- Retiring Right from Jonathan Clements
- The 10 Things I Got Right in Financial Planning from Allan Roth
- The Impact of Taxes on the 4% Rule from Wade Pfau
- Navigating the Pain of Your First Bear Market from Ben Carlson
- Need for Low-Cost Retiree Housing is Urgent from Kim Blanton
- Real Estate Buyers are Liars – Or Not from Rick Kahler
Thanks for reading!