HSA and Retirement Savings Webinar — Available online
To those of you who would like to dig further into the role of Health Savings Accounts and Retirement Planning we have included a link to a recent webinar for financial advisors here.
This continuing education (CE) credited webinar, titled “Boost Retirement Security with HSAs: Why Financial Planners and Advisors Should Add HSAs to Client Retirement Strategies” was hosted by Betty Meredith, founder of the Retirement Resource Center. The webinar featured Roy Ramthun, advisor to HSA Coach and Implementation Lead of Health Savings Accounts while at the U.S. Treasury Department once HSAs were enacted in 2003, and Aaron Benway, CFP(R), and co-Founder of HSA Coach.
In brief, our ~40 slide presentation includes trends in High Deductible Health Plan (HDHP) adoption, retirement savings rates and the role and potential strategies taxpayers and retirement savers could use to get the most from their account contributions across the traditional forms of long term savings. We also presented the graph included above, namely a matrix of how the tax code treats each of these accounts, including even the not-often-considered payroll tax, which is a benefit to both employees as well as their employers.
We will continue our webinar series as well as publish more CE-credited material on the topic of Health Savings Accounts and Retirement Planning, so stay tuned.
As always, feel free to contact us with any specific questions.
About HSA Coach. After Morningstar purchased our last startup we built a digital platform, HSA Coach, starting with the goal of educating users on Health Savings Accounts, as well as helping them incorporate HSA’s into their broader investment portfolio. We have since added personalized calculators to make contribution estimates, explain the tax benefits and allow users to allocate between their HSA and employer sponsored retirement plan, like a 401(k). More coming. Available for free in the App Store and Google Play.