Did You Know HSAs are one of the most overlooked options for retirement savings?
Every business owner should have an HSA. Since healthcare is the number one retirement expense, an HSA has greater tax savings than even a 401k plan! The tax savings often exceed 50%, and HSAs can be invested in mutual funds to achieve significant growth over time. When used for healthcare expenses, even the growth is tax-free. The tax savings in an HSA plus the lower premiums usually offset the higher out-of-pocket healthcare costs incurred by most people. Why not achieve maximum tax-free savings and tax-free growth by using your HSA ONLY at retirement? Then you can leave your 401k plan for the other needs and wants of life.
If you’d like to learn more, we’d love to hear from you!