When used for qualified health expenses, an HSA can be triple tax advantaged: pre-tax deposits, tax-free growth, and tax-free withdrawals. That makes them a potentially powerful tool for tax efficient investing strategies.
Moreover, HSAs are often described as “Stealth” IRAs, since major tax advantages can still apply to withdrawals for non-qualified expenses. But it’s important to understand all the rules, as significant penalties can apply if certain rules are broken.
How To Use This Calculator
- This calculator will calculate the expected wealth that can be created by using an HSA to shelter assets from taxes.
- It is prepopulated with default values for ten different questions. Adjust these values based on your individual circumstances to change the expected value creation.
- Note that, by default, this calculator assumes that you will use the HSA as a “stealth IRA” and withdraw the entire amount in retirement for non-qualified expenses. You can change this assumption in question 10 below.
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<p><a href="https://taxfreeefficientinvestor.com/tools/hsa/">HSA Calculator</a></p> created by <a href="https://taxefficientinvestor.com/">TaxEfficientInvestor.com</a></p>