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11 HSA Pitfalls to Avoid – Part 2

Health Savings Accounts (HSA) are very powerful in that they can save you a lot on your taxes, but there are many pitfalls/risks that HSA participants should be mindful of. This is Part 2 of 2 episodes detailing 11 HSA Pitfalls to Avoid. If you haven’t yet listened to Part 1, go listen to that first. In this episode, we discuss the 5 remaining of the 11 pitfalls, including: 1. Employer mistakes, 2. Not reconciling expenses, 3. Not keeping good records 4. Doing a full Transfer of Assets (TOA) when you don’t intend to close the outgoing account, and 5. Not investing your HSA funds. Visit us at biggerinsights.com to request a consultation or read our blog. Please consider making a non-deductible contribution to help us break through Big Tech suppression and keep this podcast going. OpenAlias: contribute.biggerinsights.com. Monero (XMR), Bitcoin (BTC), and Litecoin (LTC) addresses at biggerinsights.com/support-us. Disclaimer: We are not CPAs, tax attorneys, or other tax professionals and nothing in this episode should be construed as tax, financial, health, or other advice. Investing your HSA funds involves risk, which may not appropriate to some HSA participants. Do not invest your HSA funds without first consulting your financial advisor. Bigger Insights also does not condone buying beer with your HSA funds!

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