The BEST Investing Account No One Uses

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Brendan Evan

Brendan Evan

Күн бұрын

This is by far the best investing account available, but hardly anyone uses it. Let's talk about why it's better than other kinds of investing accounts, how to use it, why it's so rarely used, and what the big mistake is to avoid when using this account!
⏱Handy Timeline:
0:00 Intro
0:35 What is it?
0:44 Why it's amazing
2:50 How to use it
4:09 Company contributions
5:13 Limits
5:30 2 More critical things to know
6:20 How to use the money
7:00 Investing
7:32 How to use it for retirement
9:12 Why don't people like it?
11:12 How I used them personally
12:40 BIG MISTAKE
15:05 Overall
16:22 Worth it either way
19:19 Secret
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More info on HSA's
www.healthcare.gov/high-deduc...
www.fool.com/retirement/plans...
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📥Contact me here for business purposes: Brendan@brendanevan.com
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Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!
Updated Acorns Affiliate disclosure as of 4/9/24:
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at www.acorns.com/brendan/ and Acorns.com.
^This doesn't mean I was paid to make this video, it means I have an affiliate relationship with the company which allows me to make money from you using my links to sign up for services.

Пікірлер: 15
@teejay6058
@teejay6058 8 күн бұрын
I have my HSA with Fidelity
@Truckingmadebrandon
@Truckingmadebrandon 8 күн бұрын
Best way in my opinion to use a HSA. Is to invest the money let it grow . So when you get older you don’t have to pull from retirement accounts to pay for medical bills. Great video
@SoSo-nk2fh
@SoSo-nk2fh 8 күн бұрын
Speed. As always I appreciate you time and videos. I’d love to have an HSA but my employer doesn’t offer it.
@HopfenJames
@HopfenJames 8 күн бұрын
Thanks for the info! Been with a real job for about 3 years and was confused about my HSA (as you mentioned) and I let it sit there. Will get to investing :)
@ShellyCap9
@ShellyCap9 7 күн бұрын
I remember when HSA were first offered, I worked in HR benefits, and I was like this seems like crap. Now I am like this is Awesome!!! We both have one with our employer and finally I had enough in mine for investing and it's been great!
@bdonovable
@bdonovable 8 күн бұрын
So does HSA can just stay as part of your account set-up even after you transition into a more traditional insurance plan? If so wouldn't it make sense to get one for at least one year (if you were on the fence) so that you would always have the account there? You wouldn't be able to contribute anymore I guess, but you'd still be able to invest the existing amount, right?
@ClownCash
@ClownCash 7 күн бұрын
Right, but most people aren’t planning to “transition” to a traditional plan. They’re keeping it and maxing out year after year
@jacopoborga3544
@jacopoborga3544 8 күн бұрын
Quick question! If I have to pay for a medical treatment, do you think it’s better to use the money in my HSA account (as I’m supposed to) or to pay with my regular credit card and let the money in the HSA account grow? Thanks!"
@BrendanEvan
@BrendanEvan 8 күн бұрын
Totally depends on your plans and goals. People do it both ways!
@fondy000
@fondy000 7 күн бұрын
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