Turn Your HSA Into A Stealth IRA, With Andy Hagans

Health Savings Accounts (HSAs) are one of the most tax efficient accounts available today, boasting rare triple tax advantaged status. For some High Net Worth Investors, these accounts may be used as a “stealth” way to max out retirement savings.

Andy Hagans joins Michael to discuss who can and should use HSAs, key considerations when setting up and administering an HSA, and common mistakes that can bite investors.

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Episode Highlights

  • Who can use an HSA, and who should use this account as a “stealth IRA.”
  • How much tax-sheltered retirement wealth the HSA can potentially create.
  • Factors to consider when selecting an HSA administrator and requesting reimbursements.
  • How to avoid triggering costly penalties, as well as other common mistakes.
  • Summary of the risk associated with using the HSA as a retirement savings account.

Episode Resources

Today’s Guest: Andy Hagans

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

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Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.