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Ramsey Everyday Millionaires

How Can I Use My HSA For Investing?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.63.6K Ratings

🗓️ 12 July 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

This episode is sponsored by Smart Vester.

0:07.2

Connect with an investing pro for free at Ramsey Solutions dot com slash invest.

0:15.2

You're listening to Ramsey everyday millionaires where we talk investing, retirement, building

0:19.7

wealth and outrageous generosity.

0:22.9

Amy joins us in Dallas.

0:24.4

Amy, welcome to the show.

0:26.1

Hi, quick question.

0:28.4

And please explain your answer why that's my main question.

0:32.2

I like my professor as a flex.

0:34.2

I like to geek out.

0:35.2

I can't get my head around the mask.

0:40.0

Okay.

0:41.0

Is it better to utilize my HSA as an investment account or leave it as is for medical expenses

0:50.1

as I need?

0:51.1

That's a great question.

0:53.4

Yeah.

0:54.4

So what you're talking about for those that don't know what the conversation we're having,

0:57.6

this is a health savings account that is tied to a high deductible health care plan.

1:02.4

And I love the HSA if you've listened to the show for any amount of time because of

1:05.9

its triple tax benefits.

1:07.3

So you can put money in tax-free, the money grows tax-free, you can withdraw the money tax-free.

1:12.3

And another benefit is you can invest the money once you hit a certain threshold.

...

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