HSA and Roth Strategies
Maxing out your HSA and 401(k) can significantly reduce your modified adjusted gross income, making you eligible to contribute to a Roth IRA. Contributions to a Roth can be withdrawn penalty-free, but doing so will limit future contributions for that year. Additionally, there's a little-known Retirement Savers Credit that offers a dollar-for-dollar reduction in tax liability based on retirement contributions, which will be explored further next week.In this clip
From this podcast
ChooseFI
210 | Little Known Roth Hacks
Related Questions
How can a Health Savings Account (HSA) be used for retirement as discussed in the episode EOY Deadlines: Reduce Your Taxes & Maximize Your Money #572 and the clip HSA Superpowers?
How can a Health Savings Account (HSA) be used for retirement as discussed in the episode EOY Deadlines: Reduce Your Taxes & Maximize Your Money #572 and the clip HSA Superpowers?
What are the income limits for contributing to a Roth IRA?