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Health Savings Account HSA Contribution Change Form Ruan

Health Savings Account HSA Contribution Change Form Ruan

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a health savings account can be one of your most valuable accounts in retirement but unfortunately nearly 90 percent of HSA owners make one of the common mistakes that we're going to discuss in today's video and by doing so leave a lot of value on the table well the good news is the mistakes that we're going to discuss are easy to fix and I'll show you how now before getting into each of these mistakes let's touch on why in HSA is so tax advantage in the first place effectively the money you put into this account completely avoids the American tax system the reason for this is because you get a tax deduction on anything that you contribute you grow that money tax-free and then any money withdrawn and used for qualified medical expenses can be withdrawn tax-free as well it's like you're able to combine the best parts of both a traditional IRA as well as a Roth IRA but here's the problem most people don't treat this

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