Becoming an HSA Millionaire Is Possible, But Likely Unnecessary

·3 min read
Becoming an HSA Millionaire Is Possible, But Likely Unnecessary

Health Savings Accounts (HSAs) are the only accounts that allow you to take a tax deduction, pay no taxes on earnings, and access your money at any time without worrying about taxes or penalties, as long as it's for a qualified medical expense. Healthcare expenses are inevitable at some point, so having an HSA lets you put away money you'd be spending anyways and get a tax break while doing it.