• #525 3X Your HSA: The Secret To Supercharging Your Wealth

  • Sep 3 2024
  • Length: 33 mins
  • Podcast

#525 3X Your HSA: The Secret To Supercharging Your Wealth

  • Summary

  • In this latest episode of the Main Street Business Podcast, host Mark J. Kohler explains the strategic benefits and mechanics of Health Savings Accounts (HSAs). Unpack the tax advantages, flexible contributions, and the array of investment opportunities available through HSAs. From cryptocurrencies to real estate, learn how to maximize your HSA for both health and wealth.

    Here are some of the highlights:

    • Mark explains how an HSA is portable and can be set up with any employer or as an entrepreneur.
    • Mark breaks down the 2024 contribution limits: $4,150 for singles, $8,300 for married filing jointly.
    • Users have the ability to invest HSA funds in various assets (e.g., cows, crypto, rental property)
    • How HSAs can be used for retirement at age 59.5 if not used for medical expenses.
    • Two investment options: Traditional HSA with limited investment choices and Self-directed HSA with broader investment options.
    • The importance of reimbursing yourself for past medical expenses.
    • Potential for higher returns compared to traditional investments
    • Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
    • You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
    • Curious what my new certification is all about? Learn More
    • Looking to connect with a rock star law firm? KKOS is only a click away!
    • Grab my FREE Ultimate Tax Strategy Guide HERE!
    • Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
    • Craving more content? Check out my Instagram!
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