Are HSAs the Best Retirement Account? #105
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 17 July 2019
⏱️ 36 minutes
🧾️ Download transcript
Summary
Health Savings Accounts aren’t just for paying your medical bills- when used properly, they are pure retirement gold! If you have a qualifying healthcare plan and aren’t taking advantage of an HSA, you’re missing out on massive amounts of money that you could be socking away. This is because an HSA is the most tax advantaged retirement account that exists, maybe even dethroning the Roth IRA as our favorite retirement account! Have a listen as to why we think you should seriously consider opening a Health Savings Account.
If you want to learn more, head over to Lively as they have lots of helpful information and answers to your eligibility questions. It's completely free for individuals and families and they make it easy to open your HSA to start investing today.
During this episode we enjoyed a Mirror Universe by Fair State Brewing Cooperative- another big thanks to Riley in Minnesota for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts- we’d love to hear from you.
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Transcript
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| 0:00.0 | On Queen Charlotte, the official podcast, we're stepping behind the scenes and the drawing boards of this team to experience the life |
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| 0:33.0 | The thing that I most know the about is other people's finances. I just want to ask people how much money do you make and what have you figured out about money that the rest of us haven't? |
| 0:42.0 | I might allow and this is other people's pockets. The show where I ask people about their money because salary transparency is important and because we can all learn something from other people's financial mistakes and money hacks. |
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| 1:03.0 | Check out the your financial maven podcast where we need to change the way we think about money, our understanding of it, and the effects. |
| 1:11.0 | I'm Samantha Mitman-Besnov, CPA, and I have spent over 25 years in the accounting field. |
| 1:17.0 | The your financial maven podcast will touch on things like saving and budgeting and really anything around money to help you feel financially empowered. |
| 1:25.0 | Listen to the your financial maven podcast on the iHeart Radio app, Apple podcasts, or wherever you get your podcasts. |
| 1:33.0 | Welcome to How To Money. I'm Joel and I'm Matt. |
| 1:37.0 | And today we're talking about HSAs. Are they the best retirement account? |
| 1:47.0 | All right Joel, I am pumped to talk about HSAs which by the way stands for Health Savings Accounts. |
| 2:05.0 | They are relatively new on the financial scene. Yeah I mean like depends on how you classify new. |
| 2:11.0 | Yeah, early 2000s, yep. That's when they came about. |
| 2:15.0 | But we are going to mostly talk about how they are a fantastic retirement account. We're going to dive into why that is in this episode. |
| 2:23.0 | And a lot of people don't even know what an HSA is or if they're HSA eligible so we're going to get into all that. |
| 2:28.0 | Matt by the way you were at a town for a week recently and the girls and I would come over and we would water your garden. |
| 2:34.0 | It's looking beautiful dude and I noticed that you're harvesting a lot of stuff now. |
| 2:37.0 | Yeah man that's right. Well you know what before you came over, Kitten I had a fantastic meal and she made this triple mushroom pate and we ate some of our fresh tomatoes. |
| 2:47.0 | By the way the kids aren't here with us this week because they're at Grandparents Camp and so we're enjoying that married without kids life where Kitten spend as much time as she wants without kids pulling on her leg while she's whipping up dishes. |
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