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Category

😹
Fun
Transcript
00:00the next uh savings opportunity i like is a hsa or a health savings account and if you've got one
00:05of those plans it's great time and and some people just have their health savings account
00:10uh contributions taken out of their paychecks but a lot of people just make a contribution at the
00:18one time a year and so this is a great time if you got the cash in hand put the money in your
00:22hsa okay great what and one of the things that i forget about or not i forget but it's easy to
00:28overlook hsas are great pre-tax they get a nice tax deduction for it everybody knows that or at least
00:33a lot of people do but then one of the things you forget about is that it also doesn't uh get uh
00:39isn't get subject to uh social security medicare tax right so it avoids fika tax right so you get
00:44a little bit of tax bump there and when you take it out on the other end right to the extent that
00:49that you have medical expenses it's tax free
00:52so
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