Mike Milligan explains how a Health Savings Account works as a retirement savings tool with triple tax advantages: pre-tax contributions, tax-free growth, and tax-free withdrawals for medical expenses. For 2025, you can contribute $4,300 individually or $8,550 for a family, plus $1,000 extra if you're 55 or older. After 65, you can spend HSA money on anything without penalty.
If you have a high deductible health plan. All right. If you don't, wait until Gary talks again, just run and get some coffee. But if you have, come, come back to the show then. But right now, right, if you have that plan, an HSA can be one of the best stealth retirement accounts out there. You contribute pre-tax, it grows tax-free, and you withdraw it tax-free for qualified medical expenses. According to the IRS, for tax year '25, the contribution limit for an HSA is $4,300 for an individual and $8,550 for family. If you're over 55 or older, you can add an additional $1,000, right? I mean, Gary, it's like the IRS is giving free money out for you to be able to grow and use tax-free. It's so nice. If you're over 65, you can use HSA funds for any expenses without penalty. You just pay income tax like a normal traditional IRA.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
