MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The Best Place for Your Next $500 🩺

21 May 2026 · 1 min

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Mark Kohler explains why HSAs are powerful tax-advantaged accounts with triple tax benefits: deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses. Medical costs are the leading cause of personal bankruptcy. He recommends splitting an extra $500 monthly between an HSA and a Roth IRA to build both retirement and medical-expense buffers.

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If you're eligible for a health savings account, this becomes very attractive because you get a tax deduction when you put money in an HSA, then it grows tax-free and it comes out tax-free for any qualified medical expense. And you can pull out money tomorrow if you wanted to. You don't have to wait till you're 59 and a half. So it's like a Roth on steroids. Man, it's neck and neck with the Roth on why it's so important is because it's only for medical expenses. But medical expenses are the number one reason for bankruptcy in America. So we know this is a big deal for people. So if I can be building up my Roth at the same time I'm building my HSA, let's say you do your match, remember, and you only have an extra, eh, $6,000 to put away, $500 a month, let's say, and you're trying to be a good saver. I would say put $500 in your Roth, put $500 in your HSA, back and forth, back and forth. So at the end of the year, you've got $3,000 in each account. Now, the more money you're making, you're like, ooh, I could double down. Now I'm going to end up with $6,000 in this account, $6,000 in that account.