3 HSA Mistakes to Avoid

In this video:

In this episode, Ryan dives into the world of Health Savings Accounts (HSA's) to shed light on three crucial mistakes that can impact your financial security. With his wealth of expertise, Ryan equips you with essential knowledge to make the most of your HSA and avoid common pitfalls. If you have or are eligible for an HSA then this is the episode for you!

Things to Consider:

Of the three mistakes that Ryan will cover, the first is not investing the money. This could be caused by several reasons, for example, the individual thought they money was automatically invested each week like their 401(k) or the custodian of the account prohibits investment of the money. Ryan goes on to explain why you should invest this money and how. He also reviews the annual ranking of HSA accounts, so watch this video to learn who is ranked the best HSA provider!

Key Points in this Episode:

0:00: Intro

0:40: Mistake #1 Not Investing the Money

6:51: Mistake #2 Not Contributing the Maximum

9:58: Mistake #3 Using It Like a Debit/Credit Card