#546 Secrets To Supercharging Your Wealth With A HSA, FAST

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 19 November 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen break down the incredible tax advantages of Health Savings Accounts (HSAs). Learn how to save big with tax-deductible contributions, tax-free growth, and withdrawals for medical expenses, plus tips on FSAs, HRAs, and the IRA-to-HSA rollover strategy. Here are some of the highlights: Mark and Mat emphasize the importance of deducting 100% of health insurance premiums for self-employed individuals and S c...

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.
0:05.5	Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,
0:12.3	making them the leading tax and legal experts in the nation.
0:16.1	Together, they'll unpack the most complex tax, legal, and financial strategies,
0:20.6	crucial for saving more,
0:22.1	stressing less, and building generational wealth. Today, they're your personal advisors.
0:28.1	Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and Matt.
0:34.5	Anything you invest in with your HSA is tax-free growth. So there's a lot of people
0:40.1	struggling right now. May you have money in an IRA, but don't have an HSA or money in an HSA,
0:45.5	and they need to pull that money out. You just take it on a Monday, move the IRA contribution to your
0:50.9	HSA, and then you can take out that money immediately penalty free and tax
0:55.2	free for that medical expense. In the next 60 days, you could put in $16,600 in your HSA.
1:09.0	Welcome everyone to the Main Street Business Podcast.
1:13.2	This is Matt Sorensen, joined by the great and powerful Mark J. Kohler.
1:16.7	Thank you.
1:17.5	Appreciate that.
1:18.3	You're welcome.
1:19.2	And it's an honor to be with you.
1:20.7	It's that special time of year.
1:23.8	Tis the season.
1:25.3	Oh, healthcare enrollment.
1:26.8	Thank you.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Mark J Kohler and Mat Sorensen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Mark J Kohler and Mat Sorensen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.