If You Have an HSA, DON’T Do THIS! - Health Savings Account For Financial Independence

In this video, I'll go through the 6 HSA mistakes to avoid.

An HSA (Health Savings Account) is one of the best investment accounts available to someone pursuing Financial Independence or Early Retirement. Although the name has "health savings" in it you should treat it like a "health investment" account to get the full benefits they offer.

Someone who isn't pursuing FIRE can still take advantage of the benefits as well. When you use an HSA account you get access to triple tax savings. Not only do you avoid paying taxes when the money goes into the account, but you also skip out on paying taxes on the growth of your investments and when money is withdrawn from the account.

The fact that you're able to invest money within an HSA is another added bonus as well. If you instead use this account as an additional retirement account by investing the money then you could grow your account to over $300,000 as a single person or over $680,000 as a family.

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Check out this HSA video where I go through even more tips to maximize a Health Savings Account: https://youtu.be/IHOjkJdBVdA

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Fidelity HSA: https://www.fidelity.com/go/hsa/why-hsa

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Disclaimer: This video is for educational purposes only. Please take all of my suggestions/recommendations and do your own research before making any decisions with your money. Contact a professional before trying anything that I talk about. I know you're smart and you'll use that big brain of yours :)

#HealthSavingsAccount #HSAAccounts

Видео If You Have an HSA, DON’T Do THIS! - Health Savings Account For Financial Independence канала Jarrad Morrow