Episode 154: Making a Health Savings Account Part of Your Retirement Plan

Back in Episode 80 I talked about Health Savings Accounts in conjunction with some high deductible health insurance plans through the Affordable Care Act. An HSA is a great idea if you have one of these plans.

However, since I have been talking about retirement planning and saving lately, I wanted to revisit this great savings option, as these accounts can serve two purposes: protect you from medial costs in a high deductible health plan and help you save for retirement at the same time. Find out how in this episode!

In this episode you will learn:

• What an HSA is
• The pros and cons of having one
• Who can set one up
• Who can contribute to one (and how much)
• How an HSA helps with retirement planning
• Is one right for you?

But to learn the most, talk to the HR person with your employer and/or a financial professional to get the right advice for you.