Imagine being able to put pre-tax money into a stock account, and being able to let that money grow in the market tax free, and when you have a medical cost that isn’t covered by your employer you can withdraw that money tax free to pay for it?  Sound too good to be true?  Nope, all of that is true, and far too few people know about this massive handout the IRS offers people.

There are certain investment decisions that are difficult, but Health Savings Accounts (HSA’s) are not one of them.  On almost all metrics they are a great tool for the individual.  After your contributions to your 401k or IRA, the very next thing I would have you maximize is your contribution to your HSA.  The one qualification is that you must have what is considered by the IRS as a “large deductible,” which in 2018 is $1,350 for an individual or $2,700 for a family.

If you want to learn more about this “triple-tax-advantaged” product that I believe every saver should be implementing, give Pacific Trust a call today and we can help you get more information.