Tag: HSA

Should you consider using an HSA as a Retirement Vehicle?

Sep 19, 2019
What does health care have to do with retirement? Plenty, and there’s an investment vehicle that can help. Health Savings Accounts (HSAs) are an option that most people don’t consider for retirement. As…

The IRS Announced Today The 2022 Limits for HSAs and High-Deductible Health Plans

May 11, 2021
The annual limit on HSA contributions will be $3,650 for self-only and $7,300 for family coverage. This is about a 1.4% increase from this year.

IRS Announces Spike in 2023 Limits for HSAs and High-Deductible Health Plans

May 03, 2022
Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor high-deductible…

Year-End Planning Tip: Consider a Health Savings Account (HSA)

Dec 20, 2017
HSA’s allow you to pay medical expenses on a pretax basis. If you meet certain requirements for 2017, your HSA contribution can be up to $6,750 for family coverage and $3,400 for single coverage (plus…

The Hierarchy Of Tax-Preferenced Savings Vehicles For High-Income Earners

Jul 31, 2018
By Michael Kitces, as posted on 7/4/18 - Executive Summary - The Federal government has long incentivized saving for retirement and other financial goals by offering some combination of three types of…

Health Savings Accounts as a Retirement Investment Vehicle

Sep 05, 2019
What does health care have to do with retirement? Plenty, and there’s an investment vehicle that can help. Health Savings Accounts (HSAs) are an option that most people don’t consider for retirement. As…

Consider Using HSAs as an Investment Retirement Vehicle

Dec 26, 2019
When it comes to retirement planning the consideration of health care expenses is critical and Health Savings Accounts (HSAs) are an option that most people don’t consider for this purpose. HSAs are designed…

2020 Tax Planning Tip: Make the most of retirement accounts and HSAs

Oct 15, 2020
Use tax-deferred retirement accounts to shelter income from current taxes. Contributing to a tax-deferred retirement plan at work is a great way to minimize your current taxes. The money you contribute…

2020 Year-End Tax Planning

Oct 15, 2020
There is still time to potentially reduce your 2020 federal income taxes, but you’ll need to act soon! Several tax minimization strategies are presented here – many of which need to be completed by December…