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The Personal Finance Podcast

The Super Retirement Account (HSA)

The Personal Finance Podcast

Andrew Giancola

Business, Investing, Entrepreneurship

4.7 • 1.4K Ratings

🗓️ 9 September 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

Episode 18: The Super Retirement Account (HSA) In this episode we cover:  What Is A Health Savings Account (HSA)?  HSA Contribution Limits The HSA Tracking System  How Much Can My Health Savings Account Grow? Other Massive HSA Benefits  RESOURCES: IRS Publication for what is qualified  M1 Finance Best Place to Invest  Personal Capital Free Wealth Management and Budget App  CIT BANK (Best Savings Account)  ** Some links may be an affiliate link and we earn a small commission at no extra cost to you. We only recommend products we truly believe in.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

On this episode of the Personal Finance Podcast,

0:03.3

we're going to talk about the amazing benefits

0:06.2

of the Super Retirement Account,

0:08.9

aka the Health savings account. What's up, up my body, and what's up, my body? And welcome to the personal finance

0:31.7

podcast. I'm your host Andrew founder of dollar after dollar

0:36.1

and today on the podcast we are going to be talking about the coolest retirement

0:41.6

account of all.

0:43.0

And it is what I call the super retirement account.

0:46.3

You're going to see exactly why.

0:47.9

We're going to go through the process of exactly how to open one of these accounts, what

0:52.4

it is, and how you can take advantage of all the tremendous benefits.

0:57.0

And what is this account called? What is this super retirement account?

1:00.0

Well, it's a health savings account. And the amazing thing about the health savings account that we're going to get into

1:06.0

is that it has triple tax benefits.

1:09.0

That means you save on taxes three different times within a health savings account.

1:12.0

And I'm going to explain

1:13.6

exactly why that is and this is a massive benefit it has the pros of a Roth IRA and it

1:22.0

has the pros of a 401k combined into one amazing account.

1:27.3

And I'm going to show you exactly how to use the HSA.

1:31.2

So let's get into the HSA.S.A. So let's get in to the HSA benefits.

1:34.0

So if you've never heard of an HSA or a health savings account,

1:38.0

I'm going to lay it out for you.

...

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