6 Hidden HSA Mistakes that Could Cost You $50,000

In this video, I will talk about the top 6 HSA mistakes you should avoid so you can save over 50K in retirement savings. The topics I will cover include but not limited to how to pay medical bills using HSA, how to set up investment within HSA, how to avoid interference between self HSA vs. spouse’s FSA, 1099-SA & 5498-SA tax forms, how to calculate max HSA contributions, how to rollover HSA from previous employer, and how to contribute using front loading. Scroll to the chapters below for topics you’re interested in.

0:00 Intro
1:03 What is a HSA?
2:23 Mistake #1 Using HSA debit card incorrectly
2:54 Mistake #2 Not investing
3:37 Mistake #3 Paying off immediately
6:04 Mistake #4 Not maxing out
8:07 Mistake #5 Forgetting previous HSA
8:59 Mistake #6 Self HSA vs. Spouse’s FSA
9:58 Tip #1 Frontloading
10:20 Tip #2 Surprise HSA categories

***RECOMMENDATION***
Subscribe to my channel: https://www.youtube.com/c/YingcredibleTips
Apply for AMEX Rose Gold credit card to get 60K (limited edition):
http://refer.amex.us/YINGWRHWd?XLINK=MYCP
IRS rules on qualifying for an HSA: https://www.irs.gov/publications/p969#en_US_2019_publink1000204025

_________

***WHAT TO WATCH NEXT***
How to Become a Millionaire: https://youtu.be/hF8xSgos2E0
How to Set up Backdoor Roth: https://youtu.be/Kp9w4_gFXSg
Mega Backdoor Roth Step-by-Step: https://youtu.be/Pb9gvkAfjF4

_________

***DISCLAIMER***

This content for my video is for education and entertainment purposes only. You should use your own discretion to follow any advice as described in this video. This description may contain affiliate or referral links that allow you to find the things mentioned in this video and support the channel at no cost to you.
#HSAMistakes #FIRE #RetirementAccount #MedicalExpense #FSA #LPFSA #401K #RothIRA #1099SA #5498SA #TaxSavings #HSAContributions #RetirementStrategy

Видео 6 Hidden HSA Mistakes that Could Cost You $50,000 канала Yingcredible Tips