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HSA Contributions Can Create Surprisingly Large Nest Eggs for Retiree Health Expenses
Wolters Kluwer Law & Business Aug. 12, 2014 "A person contributing the maximum allowable amounts for 40 years to a health savings account (HSA) without making withdrawals could accumulate up to $360,000 for health care expenses if the rate of return was 2.5 percent, $600,000 if the rate of return was 5 percent, and nearly $1.1 million if the rate of return was 7.5 percent ... HSAs provide account owners a triple tax preference: [1] contributions to an HSA reduce taxable income; [2] earnings on the assets in the HSA build up tax-free; [3] and distributions from the HSA for qualified expenses are not subject to taxation." |
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