Ultimate HSA Guide: Save Big on Taxes! Finance Fridays π° (Part 4 of 5 of Every Account a Pharmacist Should Have)
Description
Wondering what a Health Savings Account (HSA) is and why it's a must-have? π€ Youβre in the right place!
Learn how to save on taxes with strategic retirement planning. π‘
Episode Summary: Welcome back to part four of our Finance Fridays series! In this episode, we explore the incredible benefits of Health Savings Accounts (HSAs). Discover who should have one, how much you can contribute, and why an HSA could be your ultimate investment tool.
Key Takeaways:
Eligibility Requirements: Learn who qualifies for an HSA and why it's perfect for healthy individuals. π₯
Contribution Limits: Find out how much you can contribute in 2024β$4,150 for individuals and $8,300 for families. π
Triple Tax Savings: Understand the triple tax advantages of HSAs: pre-tax contributions, tax-free growth, and tax-free withdrawals for medical expenses. πΈ
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Stay tuned, stay informed, and let's explore the fascinating world of pharmacy together with CapsuleRx Podcast! π‘π§
*This is for educational purposes only! Please conduct your own research and consult a licensed certified financial planner or licensed certified public accountant before implementing anything learned in this episode or if you have further financial questions.*
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