Surgent's Maximizing Health Savings Accounts for Retirement Planning

Overview

Health savings accounts (HSAs) offer unique tax advantages that make them well-suited as a supplement to traditional retirement planning. HSAs are actually more tax efficient than traditional retirement plans (401(k) plans, IRAs, etc.), making them the best way to plan for future health care expenses in retirement. Many Americans assume that Medicare is free and will cover all their health care expenses in retirement, but interactions between Social Security and Medicare can create additional challenges. In this two-hour program, we will provide insights into how to leverage the tax advantages of HSAs to plan for health care expenses in retirement.

Highlights

• Triple tax advantages
• HSA tax advantages vs. other savings options/retirement plans
• Maximizing HSA contributions
• Long-term investment potential of HSAs
• Tax-free transfer of assets at HSA owner’s death
• HSAs as a retirement planning opportunity
• Savings goals
• Retirement perceptions and realities: common financial preparedness concerns, health care costs in retirement, Medicare misconceptions, and Medicare income-based premiums
• HSA funding strategies and pro tips

Prerequisites

None

Designed For

Any accounting and finance professional with health care needs or who may be advising clients about their health care needs

Objectives

• Advise clients on the retirement planning aspects of HSAs
• Evaluate the effectiveness of these trending plans, continuously increasing in popularity, for your own needs

Preparation

None