3X Your HSA: The Secret To Supercharging Your Wealth

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00:00 - Understanding Health Savings Accounts
05:40 - Who Can Benefit from HSAs?
08:14 - Maximizing HSA Contributions
11:03 - Overview of HSA Benefits
15:05 - Key Drawbacks of HSAs
17:40 - Self-Directing Your HSA
19:11 - Setting Up Your HSA
22:36 - Investment Strategies for HSAs
28:18 - Conclusion and Next Steps

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[scottweiner]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Miller.

[doc]

Under current law there is also a loophole where you can save healthcare receipts now then pull money out down the road at retirement tax-free for expenses incurred years ago. There is no current stipulation that you have to withdraw the money at the time the expense is incurred. Of course you might have to save receipts for years and/or the government might close the loophole. Also if age > 55 you can add an additional $1000 per year as catch up. If you're employer contributes to the HSA though that counts towards the total allowed contribution.

[dodlette]

Great, clear advice. I always try to push people to do HSAs and invest! Best deal there is.

[alexv]

Is it still worth doing in California or New Jersey?

[thesovereignvan]

Just zoom in on the money and it makes it bigger

[dvand]

You said that you can take out the HSA funds for non-medical expenses after you hit 59.5 but everything I'm seeing online says its 65 years old. Which one is it?

[carlamoore]

What if you don't know where to find the money left on your HSA card from last year?

[LensdarlyDieujuste]

Thanks for the game on how to supercharge my wealth!

[JennaFerrari]

I called but they off me to a sister co. I wouldn’t even think of going to a sister co. Basically makes you unaccountable.

[sdpqproductions]

Mark, I thought its age 65, withdrawal w/o penalty from HSA?

[yaakovgurzhiev]

I would like to find one CPA trained by you in Colorado. Where are they?

[jacobhayhurst]

Great info, as always! This new trend of the camera shifting to off-center takes away from your message though. I know it's just a mental thing, but I feel like every time it cuts away, you are no longer interested or are no longer speaking to me.

Many YouTubers seem to be doing it now and it just feels like it takes away from their content.

[trevorgray]

I am a disabled veteran. I don’t have insurance because VA and tricare for life. I don’t think this will work for me.

[DavidWilliams-wjsc]

I thought you couldn’t touch it penalty free u til age 65.

Also what about funding a child’s HSA if they are on your family insurance but not a dependent? You can fund it for them up to the family max. Yes, their own account. Separate for them. Insane.

[timjordanLA]

Mark the spam in your comments really sucks. But I wanted to thank you for your advice. Big fan of your videos.

[spyder]

Unfortunately, my HSA doesn't have the option to self direct. You can't even choose the mutual funds, etc. Just pay the yearly fee to have their finance guys manage it. I chose not to. Maybe I'll get a better one someday.

[YugDtf-po]

Lopez Melissa Harris Brenda White Donna

[DunkItHard]

Do you need to have insurance to have an HSA?

Or can someone have no insurance and still do an HSA?

So it’s basically only for rich people that have insurance. Of course.

[OCaseyNat-zw]

Anderson Frank Lewis Deborah Hall George

[YugDtf-po]

Davis Barbara Allen David Gonzalez Jessica