Health Savings Accounts (HSAs) are great tools for eligible investors for planning and investing for health care expenses in retirement. The fundamental power of an HSA is its triple tax advantage: contributions are excluded from Federal and state income tax (as well as Social Security and Medicare payroll taxes), earnings in the HSA grow and compound tax-free, and HSA withdrawals are not taxable when used for qualified medical expenses. Brandywine Oak helps wealthy families navigate the endless menu of all of the various tax-preference vehicles as they all come with their own rules, stipulations, and caveats.
To learn more about Health Savings Accounts, please read Fidelity’s helpful guide on HSAs: https://www.fidelity.com/learning-center/personal-finance/hsa-investing.
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