Preview Mode Links will not work in preview mode

Last Paycheck

Jun 19, 2024

In this week's episode of the Last Paycheck Podcast, hosts Archie and Rob Hoxton dive deep into Health Savings Accounts (HSAs), highlighting their unparalleled tax benefits and how they can be a powerful tool for future healthcare costs. Revisiting the basics and rules of HSAs, they draw clear distinctions between HSAs and Flexible Spending Accounts (FSAs). The episode emphasizes the importance of understanding qualified medical expenses, contribution limits, and the pitfalls of over-contributing or not investing HSA funds for growth. 

Archie and Rob discuss scenarios such as family vs. single coverage contributions and the penalties for misusing HSA funds. They also touch on the unique investment opportunities within HSAs that can maximize tax-free growth. Make sure to reach out to Rob and Archie for more tips to help you understand different tax benefits and pitfalls! 

If you'd like to chat with Rob or Archie further, please schedule a consultation:    

Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website 

Watch on YouTube:  

Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.