Health Savings Account (HSA) for Retirement

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The rest of this post will take you on that journey and land where we are today—fully funding and investing in our HSA while paying qualified medical expenses out of pocket.

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What Is a Health Savings Account (HSA)?

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HSA’s provide triple-tax benefits, which means you can invest in your HSA with pre-tax dollars, grow those dollars tax-free, and withdraw tax-free when used for qualified medical expenses.

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How to Maximize the Benefits of an HSA

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Opportunity to Begin Investing in Retirement Early

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Therefore, since we aren’t pulling that $1,200 out of our HSA, it can continue to grow tax-free for decades until we retire.

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How Much Will Our HSA Be Worth At Retirement?

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Plus an additional ten years of growth until age 65, we’ll have accumulated about $425,000. This assumes a 7% interest rate.

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