Do you have a health insurance policy with a high deductible? You may be able to use an HSA—a Health Savings Account—with it. And I'm going to show you today how to turn your HSA into a stealth retirement account that most people completely miss.

I'm going to break down exactly how to maximize this insanely powerful triple tax-free account that virtually no one understands correctly.

So here's the truth: Your HSA is not just a medical spending account—it's a secret weapon for long-term wealth building.

Here’s how to use it:

Step 1: Max out your contributions immediately.
In 2024, you can contribute up to $8,300 for a family. That’s an immediate tax deduction and the start of a powerful investment strategy. Every single dollar you put in is essentially free money.

Step 2: Stop spending the HSA money right away.
This is the biggest mistake people make—do not drain your HSA for every medical expense.
Take that card out of your wallet and don’t use it anymore. Instead, pay out of pocket and save the receipts.
By keeping the money invested, you're letting it grow tax-free for decades.

Step 3: Invest—don’t just hold it in cash.
Most people leave their HSA money sitting in a zero-interest account. Big mistake.
You want to invest this money aggressively—think low-cost index funds, just like your retirement account.

Step 4: Create perfect digital records.
Save every single medical receipt—every HSA-qualified receipt.
When you go to CVS and Walgreens, digital copies are crucial. Why? Because you can reimburse yourself years or even decades later.
Imagine pulling out $23,000 in tax-free money for past medical expenses when you're in retirement—the ultimate HSA hack.

This is the only account in existence that goes triple tax-free:

• Tax-deductible going in
• Tax-free growth
• Tax-free withdrawals for medical expenses

Another bonus: At age 65, it converts to a traditional IRA even if you don’t use it for medical funds.

So here’s a little pro strategy:
Treat your HSA like a retirement account, not a medical spending account.
Maximize contributions, minimize spending, and invest aggressively.

One final mind-blowing fact:
Your HSA receipts never expire. You could pay $5,000 in medical expenses today, keep the receipt, and reimburse yourself tax-free in 20 years—when that money has grown to potentially $25,000.

So stop thinking short term and start building your HSA wealth strategy now.

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Donna Bordeaux, CPA with Campground Accounting

Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.