An unconventional retirement planning tool
Posted by William Byrnes on June 30, 2014
When it comes to retirement income planning for most clients, less is not more, and the contribution limits placed on traditional tax-preferred retirement vehicles have many of these clients searching for creative ways to ensure a comfortable retirement income level. Enter the health savings account (HSA), which, though traditionally intended to function as a savings account earmarked for medical expenses, can actually function as a powerful retirement income planning vehicle for clients looking to supplement their retirement savings.
For the strategy to work, however, it is important that your clients understand the rules of the game, and the potential penalties that can derail the substantial tax benefits that an HSA can offer.
The HSA income strategy …
Read William Byrnes & Robert Bloink’s analysis of an unconventional retirement planning tool on LifeHealthPro
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