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Danielle K. Roberts - Clever Medicare Solutions #4351
Financial Survival Network
English - May 21, 2019 20:12 - 19 minutes - 27.1 MB - ★★★★ - 31 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Rob Kirby - Federal Slush Funds Working Their Magic #4350
We're all getting older and we need to plan for the day when Medicare kicks in, at 65 years old. Danielle has an effective, tax-advantaged strategy for financing your eventual retirement and Medicare benefits. It all starts with an HSA (Health Savings Account) and a high-deductible medical insurance policy. If you're under 55 you can put away $3500 per annum and deduct it from your taxable income. Over 55 and the number goes up to $4500. Best of all there are no minimum distribution amounts and you can pass any balances on to your heirs. If you're in your 50's or even younger this can be a great way to minimize taxes and you'll be able to pay your deductible and out of pocket expenses in pre-tax dollars, a great savings.