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Health Savings Accounts (HSAs) are quasi-retirement accounts because of the ability to save tax at contribution, not be taxed on the earnings if the contributions are invested, and withdraw funds tax-free if the funds are used to pay for qualified medical expenses from either current or prior years.
The tax treatment of HSAs is so favorable, that a contribution to it can end up making an individual wealthier than a contribution to a qualified employer-sponsored retirement account including the employer’s matching contribution!
This fact raises the issue of whether there is a tax-efficient order for investing (e.g., HSAs, Roth and Tax-Deferred Retirement Accounts, Nonqualified) and Paying Down Debts? This presentation presents the tax-efficient order that will maximize wealth.
In "Are Health Savings Accounts better than a 50% employer-match on a 401(k)?" by Greg Geisler, you will:
- Learn when an employee’s HSA contribution increases wealth more than an employer’s 401(k) matching contribution and vice versa;
- Learn the order to invest and pay down debts to Maximize Wealth;
- Be able to rank order all of the different ways to invest under the income tax law: HSAs, Employer-matched 401(k)s, 529 Education savings accounts, Unmatched 401(k)s, Roth 401(k)s, (traditional) 401(k)s, and Nonqualified.
This on-demand webinar is a recording of a recent live webinar. Check our WEEKLY REBROADCAST SCHEDULE where there is no need to take the online quiz to receive CE. You may also take this on-demand course any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.
Your presenter is Greg Geisler, PhD, CPA, Clinical Professor of tax accounting at Indiana University-Bloomington.
Meet Greg, PhD, CPA, Clinical Professor of tax accounting
at Indiana University-Bloomington
Retirement planning experience
Greg received his PhD from University of North Carolina-Chapel Hill, is a Clinical Professor of tax accounting at Indiana University-Bloomington. He teaches a course called “Income Tax and Individual Financial Planning.”
Retirement planning thought leadership and expertise
Greg publishes articles at the intersection of income tax and financial planning. Specifically, in the last ten years he has published 6 such articles in the Journal of Financial Service Professionals and 7 such articles in the Journal of Financial Planning (JFP), including one that received the 2017 “Montgomery-Warschauer Award” for most outstanding article contributing to the betterment of the financial planning profession.
At his previous university, he was awarded the only 2017 Chancellor’s Teaching Excellence Award.
He has been quoted in the Wall Street Journal and many times in the financial press and on newscasts.
Invest in Your Retirement Expertise.
1 hr CFP®, CRC®, and other CE Credit Reporting
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