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Strategies To Maximize The Retirement Savings Potential Of HSA's

Monday, February 3, 2014 - 6:50 PM
Some useful tips of how to best utilize an HSA for retirement savings. From Forbes
Would you like a triple-tax-free form of retirement saving? By that we mean:
(1) You get a deduction when you put the money in.
(2) It compounds tax free.
(3) It comes out tax free.
The powerful tax-saving vehicle is a health savings account. 
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Tuesday, February 4, 2014 - 3:49 AM
I thought it interesting that HSA Bank had one account that had almost $1 million. The owner of that account is an incredible investor. Figuring the most one could contribute to a HSA is probably around $60,000 since it has been in existence for about 8 years, it would take one awesome investor to turn that into a million dollars. I wouldn't mind having this guy manage my money.

Regretfully, I will no longer be able to contribute to my HSA because I was forced to enroll in a non-HSA  group insurance plan as a result of having my individual family insurance plan cancelled due to Obamacare.
4
loulou544 posts since
Aug 3, 2010
Rep Points: 3,397
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