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Never Pay Taxes: Circumvent Uncle Sam with an HSA
Manage episode 428956894 series 2910154
Kandungan disediakan oleh Mike Morton, CFP®, RLP®, ChFC® and Mike Morton. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Mike Morton, CFP®, RLP®, ChFC® and Mike Morton atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In this episode, Mike Morton and Matt Robison discuss the incredible benefits of Health Savings Accounts (HSAs), which offer a unique way to save money without losing any to taxes. Learn how HSAs provide a "triple whammy" of tax advantages: contributions are tax-deductible, funds grow tax-free, and withdrawals for qualified medical expenses are tax-free. Understand the strategies to maximize your HSA, such as contributing the maximum amount, investing the funds, and saving medical receipts to enable tax-free reimbursements in the future. HSAs can serve as long-term savings for medical expenses in retirement, making them a powerful financial tool.
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