AMJ Financial Blog

Tag Archive: HSA

Life, Liberty & Tax-Advantaged Opportunities

Americans are passionate about taxes. We have reason to be. In recent years, Americans have spent more on taxes than on food, clothing, and housing combined.1 The Tax Foundation estimates Americans will pay $3.4 trillion to the federal government and $1.8 trillion to state and local governments in 2019.2 If you believe you’re paying too… Read More

Planning for HSA Distributions

Last month we shared the triple tax benefits of Health Savings Accounts (HSA) to help save for future healthcare costs. But how do you access the funds for out-of-pocket medical expenses once you’ve started saving? Like all qualified savings plans, you need to play by the IRS rules to enjoy the tax benefits and avoid… Read More

Contribute to a Health Savings Account – 5 Easy Steps

Did you know a Health Savings Account, or HSA, offers three different tax advantages? Contributions are deductible, earnings are tax-deferred while in the HSA, and distributions are tax-free when they are used for qualified medical expenses. If you’re enrolled in a high-deductible health insurance plan, you may want to consider contributing to an HSA. Keep… Read More

Retirement Income

Here’s a million dollar question: How will you transform your savings into income that will last throughout your retirement? There are probably as many answers to that question as there are retirees. However, all retirees may rely on some of the same income sources and strategies. For instance, we all hope Social Security benefits will… Read More

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