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One of the biggest hidden gems 
in the investing game is a...
Health Savings Account
Also known as a “HSA”
Whether you have one or not, I suggest you to read further.
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Here is everything you need to know.
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A thread:
in the investing game is a...Health Savings Account
Also known as a “HSA”
Whether you have one or not, I suggest you to read further.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Here is everything you need to know.
⠀⠀⠀⠀⠀⠀⠀⠀⠀
A thread:
HSAs are tax-advantaged member-owned accounts that let you save pre-tax dollars for future qualified medical expenses.
You can invest within your HSAs.
And funds never expire!
Health Savings Accounts empower you to save more, spend smarter and invest in your healthcare.
You can invest within your HSAs.
And funds never expire!
Health Savings Accounts empower you to save more, spend smarter and invest in your healthcare.
First things first...
A HSA provides a TRIPLE TAX SAVINGS
This means:
Contributions are tax free
Investment Earnings are tax free
Qualified medical expenses are tax free
A HSA provides a TRIPLE TAX SAVINGS
This means:
Contributions are tax free Investment Earnings are tax free Qualified medical expenses are tax free
And the best thing yet...
The Retirement hack
If you pay out of pocket for qualified medical expenses & save your receipts (which they have a spot to upload those),
You are able to withdraw up to the amount in receipts during retirement
This is what I do personally
The Retirement hack
If you pay out of pocket for qualified medical expenses & save your receipts (which they have a spot to upload those),
You are able to withdraw up to the amount in receipts during retirement
This is what I do personally
The only requirement:
You are a part of a High Deductible Health Plan (HDHP).
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All HSAs are different and have their unique characteristics.
Just like one bank may offer better benefits than the next.
But the best one on the market yet...
@firstdollarinc
You are a part of a High Deductible Health Plan (HDHP).
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All HSAs are different and have their unique characteristics.
Just like one bank may offer better benefits than the next.
But the best one on the market yet...
@firstdollarinc
@firstdollarinc is the first HSA to have a prescription discount network inscribed in the back of their debit card...
Which can save you money on your prescriptions.
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& if you know me,
You know I talk about low fee investing, right?
Which can save you money on your prescriptions.
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& if you know me,
You know I talk about low fee investing, right?
@firstdollarinc HSAs feature:
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• $0 monthly maintenance fee
• $0 minimum balance fee
• $0 debit card fees
• $0 transfer fee in/out
• $0 account opening fee
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• $0 monthly maintenance fee
• $0 minimum balance fee
• $0 debit card fees
• $0 transfer fee in/out
• $0 account opening fee
@firstdollarinc also offers tax and fee-free investing through TD Ameritrade. 
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You can invest in:
- Index funds
- ETFs
- Stocks
& more through your HSA.
Another tool for wealth building!
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You can invest in:
- Index funds
- ETFs
- Stocks
& more through your HSA.
Another tool for wealth building!
If you have an existing HSA...
You can open another.
Just like you can have multiple 401ks.
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If your employer has provided you with a HSA, you can still open a new HSA.
I had to explain this one to my wife recently when we switched over
You can open another.
Just like you can have multiple 401ks.
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If your employer has provided you with a HSA, you can still open a new HSA.
I had to explain this one to my wife recently when we switched over
With open enrollment in full force,
Now is the time to make the move!
If you have any questions/concerns regarding opening a HSA today,
You can reach out to me or @firstdollarinc directly.
Click the link in my bio to start
Now is the time to make the move!
If you have any questions/concerns regarding opening a HSA today,
You can reach out to me or @firstdollarinc directly.
Click the link in my bio to start
