<description>&lt;p&gt;As we head toward open enrollment season, this episode is dedicated to a deeper dive into Health Savings Accounts (or HSAs). As the title implies, this is one of our favorite financial accounts, and in this episode, we explain why. We start by outlining exactly what an HSA is, talk about the triple tax benefit of it, discuss the investment component of an HSA, touch on some of the different things you can spend HSA money on (including a surprising expense in retirement), and then bring it all together by sharing some of the strategies around an HSA and how we prefer to use it within a financial plan. &lt;/p&gt; &lt;h2&gt;Resources &amp; People Mentioned&lt;/h2&gt; &lt;ul&gt; &lt;li&gt;Episode #25: &lt;a href= "https://mdwmllc.com/podcast/planning-for-healthcare-in-retirement-episode-25" target="_blank" rel="noopener"&gt;Planning for Healthcare In Retirement&lt;/a&gt;&lt;/li&gt; &lt;li&gt;Download our guide: &lt;a href= "https://md-wealth-management-llc.ck.page/2d62b05c5a" target= "_blank" rel="noopener"&gt;The Toolkit for Optimizing Your Finances as an Employed Physician&lt;/a&gt;&lt;/li&gt; &lt;li&gt;Download our guide: &lt;a href= "https://md-wealth-management-llc.ck.page/3029a2c9a9" target= "_blank" rel="noopener"&gt;The Financial Checkup&lt;/a&gt;&lt;/li&gt; &lt;/ul&gt; &lt;h2&gt;Connect With Trent and Andrew&lt;/h2&gt; &lt;ul&gt; &lt;li&gt;&lt;a href="https://mdwmllc.com" target="_blank" rel= "noopener"&gt;https://mdwmllc.com&lt;/a&gt; &lt;/li&gt; &lt;li&gt;Follow on &lt;a href= "https://www.linkedin.com/checkpoint/challengesV2/AQE1IsvZsBodlAAAAXORGYZQgTHqjZ50dY3hrAXbhIHEdiygHRBR8AyP5Ko8j7s5N378gm-tUxWnrBDM1GMKA6fVFo2QihvMxw" target="_blank" rel="noopener"&gt;LinkedIn&lt;/a&gt;&lt;/li&gt; &lt;li&gt;Follow on &lt;a href="https://www.facebook.com/MDWMLLC/" target="_blank" rel="noopener"&gt;Facebook&lt;/a&gt;&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;&lt;br /&gt; &lt;strong&gt;Subscribe to The Physician's Guide To Financial Wellness&lt;/strong&gt;&lt;br /&gt; on &lt;a href= "https://podcasts.apple.com/us/podcast/feed/id1526812117?at=11lo6V&amp;ct=podnews_podcast" target="_blank" rel="noopener"&gt;Apple Podcast&lt;/a&gt;, &lt;a href= "https://open.spotify.com/show/3KKfrOw60LZW9nFy1CDaZe?si=bXXqnY_vSmun_89Kx7VUvg" target="_blank" rel="noopener"&gt;Spotify&lt;/a&gt;, and &lt;a href= "https://podcasts.google.com/?feed=aHR0cDovL21kd21sbGMubGlic3luLmNvbS9yc3M=" target="_blank" rel="noopener"&gt;Google Podcast&lt;/a&gt;&lt;/p&gt;</description>

The Physician's Guide To Financial Wellness

Trent DeBruin, Andrew Musbach

Why We Love Health Savings Accounts, Episode #64

OCT 10, 202315 MIN
The Physician's Guide To Financial Wellness

Why We Love Health Savings Accounts, Episode #64

OCT 10, 202315 MIN

Description

As we head toward open enrollment season, this episode is dedicated to a deeper dive into Health Savings Accounts (or HSAs). As the title implies, this is one of our favorite financial accounts, and in this episode, we explain why. We start by outlining exactly what an HSA is, talk about the triple tax benefit of it, discuss the investment component of an HSA, touch on some of the different things you can spend HSA money on (including a surprising expense in retirement), and then bring it all together by sharing some of the strategies around an HSA and how we prefer to use it within a financial plan. Resources & People Mentioned Episode #25: Planning for Healthcare In Retirement Download our guide: The Toolkit for Optimizing Your Finances as an Employed Physician Download our guide: The Financial Checkup Connect With Trent and Andrew https://mdwmllc.com Follow on LinkedIn Follow on Facebook Subscribe to The Physician's Guide To Financial Wellness on Apple Podcast, Spotify, and Google Podcast