A few months back, I had an introductory meeting with a married couple who were hoping to retire within the next year or two. The wife made note that she was ready to retire a decade ago. Her job at a large corporation, which once had been glamorous, had been reduced to a glorified call service, where her every word was scripted and her every minute tracked. She was frustrated and burnt-out.
Health Savings Accounts (HSA) are incredible. In fact, they may be the best retirement savings tool available! Unfortunately, most individuals and families who have the option of using an HSA are using them wrong, missing an incredible opportunity to reduce their current tax bill, grow tax-free savings, and withdraw money tax-free when used for qualified health expenses. You read that, right. HSAs offer not one, not two, but three ways to potentially save on taxes. Are you starting to see why we love them so much?Read More