HSA Triple Tax Loophole | 17.65% Better Than 401K

Just recently, the IRS announced the largest-ever increase in maximum contributions to HSAs. In 2024, the max HSA contribution will be $4,150 for an individual and $8,300 for a family. And if you're over 55, you can add an extra $1,000 to that, pushing the maximum contributions to $5,150 for individuals and $10,300 for couples

While HSAs do come with their own set of requirements, the flexibility they offer is unmatched. Unlike Flexible Spending Accounts, or FSAs, HSAs don't come with a 'use it or lose it' provision. The money in your HSA is yours to invest as you see fit — in stocks, bonds, mutual funds, exchange-traded funds, and other types of securities. The longer you stay invested, the longer your investments have to create compounding returns over time.

TOPICS AND TIMESTAMPS:
HSA 0:00

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