Retire LoopDo you want an average HSA or a supercharged retirement account? This is one of the best tax loopholes (of course legal!). If you want to make your HSA a supercharged retirement account you need to withdraw money from HSA once it has been compounded tax-free for a number of years rather than withdrawing every […]
The contribution limits to your HSA are adjusted to inflation each year by the IRS. Tax Year 2018 2019 2020 Individual $3,450 $3,500 $3,550 Family $6,900 $7,000 $7,200 Age 55+ +$,1000 +$1,000 +$1,000 Note that employer contribution, third party contributions are included in these limits. A third-party contribution is when sometimes insurers put in some […]
