Everything You Never Thought You Needed to Know About Health Savings Accounts

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 12 August 2016

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In our latest installment of The Money Guy Show, we're tackling the wild topic of Health Savings Accounts. Now, upon first hearing the words "health savings account" you might be thinking you don't need one of those. Listen in, because Brian and Bo unpack this incredibly useful type of savings account and you won't believe the benefits they reveal.

Transcript

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0:00.0	You turn on the nightly news, one of the primary topics.
0:03.7	It's really been in kind of as far as I remember, we've had discussions on this for the last
0:10.5	20, 30 years and it's health care.
0:13.0	So much of your retirement, so much of your financial independence, so much of your well-being
0:17.8	is driven by how comfortable do you feel with your choices in making medical decisions?
0:24.0	Well, a big part of that is how do you pay for those medical decisions?
0:27.1	So what we want to talk about today is one of the biggest tools that you can use are
0:33.0	health savings accounts.
0:34.8	And part of health savings accounts, you've got to figure out what type of custodian you
0:38.0	want to work with.
0:39.2	And if you go out there and do research on the internet, God help you.
0:42.6	It is the Wild Wild West.
0:44.5	Guess what?
0:45.5	You got a tour guide right here with the Money Guy Show.
0:48.1	We're going to walk you through that and more on today's episode.
0:51.1	It's Brian Preston, the Money Guy, restoring order to your financial chaos, retirement,
0:58.1	investing, taxing.
1:00.0	You've got financial questions, he's got financial answers.
1:03.6	It's Brian Preston, the Money Guy.
1:07.2	So Bo, I see you going through the email.
1:11.2	Great day for you to update your email server, by the way.
1:14.9	Yeah, that's probably something I should have not started at 8 in the morning, but here
	...

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