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The Wonderful Secret Powers of a Health Savings Account

The Wonderful Secret Powers of a Health Savings Account

FromEveryone's Talkin' Money


The Wonderful Secret Powers of a Health Savings Account

FromEveryone's Talkin' Money

ratings:
Length:
33 minutes
Released:
Oct 23, 2018
Format:
Podcast episode

Description

There’s a common vocabulary that we hear over and over again – invest in your 401(k), IRA, Roth for retirement – which of course is a good thing, but we don’t talk a lot about a special savings account that can tandem a high-deductible health insurance plan called a Health Savings Account, or HSA. This account has some super special secret powers that can benefit you now and in the future.What You'll LearnYou'll learn enough about Health Savings accounts to figure out if it works for you and to impress your friends at a dinner party!Did you know there’s a type of savings account that has a triple tax advantage? Pretax contributions go in, interest and investment earnings build up tax-free, and withdrawals for qualified health care expenses are also tax-free in your HSAWhat type of health insurance plan you need to be eligible for an HSAWe'll talk about the three magical ways you can use your HSA account to help you both now and during retirement (including some sneaky tricks)Deep dive into the benefits of investing in an HSA vs. your 401(k) - and what are some of the cons to be aware ofWhat counts as a qualified health care expense with your HSA accountSUBSCRIBE & REVIEWWant to be the first to know when new episodes are released? Click here to subscribe in iTunes!Also, podcast reviews are super important to iTunes and the more reviews we have, the more we can spread the Millennial Money message (those iTunes algorithms are crazy). I’d be honored if you left a review and let me know what you love about the podcast.Ask ShannahHave an Ask Shannah question, submit it hereSunday Seven Email ClubMillennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats, and a whole lotta’ fun!Get SocialShannah on TwitterShannah on Instagram
Released:
Oct 23, 2018
Format:
Podcast episode

Titles in the series (100)

Let’s be real, most people don’t like talking about sex or politics, and money is the biggest taboo topic of them all. The Millennial Money podcast flips the script on the “old school” approach to money. Relatable, inspiring, and a little bit gritty, host and award-winning Certified Financial Planner Shannah Compton Game helps listeners uncover their money story to see past the numbers to unlock the lives they want to live. Each week Millennial Money creates a safe space by talking with special guests from around the world discussing money wellness, entrepreneurship, traveling like a boss, and what makes millennials tick. By sharing stories from different perspectives and walks of life, listeners discover what works for them and leave their money worries at the door.