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Health Savings Account Trust Agreement for Wells Fargo  Form

Health Savings Account Trust Agreement for Wells Fargo Form

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Instructions and help about Health Savings Account Trust Agreement For Wells Fargo

hey everyone i want to record a short retirement tip video and talk through how you should invest your health savings account so hsas are something that we talk a lot about in this group and so in this video first i want to go over what an hsa is in case that you're new to this group or you've heard us talk about them before but you're not really sure what they are and then also how to invest that health savings account for maximum tax savings so let's get into it what is an hsa so an hsa is a pretty unique retirement account it's the only retirement account that offers you triple tax savings okay so let's take an ira when you put money into an ira you get a tax deduction okay so if you put five thousand dollars in into an ira this year your taxable income is lowered by five thousand dollars now this money grows tax deferred and then eventually when you take it out you owe taxes and so the irs always has a way that it gets its taxes back

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