HSAs

Investments as a percentage of HSA assets are growing, but advisors should give clients a complete picture of risks and rewards.

Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.

The effects are looking like "every other much-hyped tax cut of the past three decades.”

Even if a client does not use the triple tax advantage of these accounts, the benefits are still valuable.

It pays to review the differences between traditional and Roth IRAs.

Homeowners have fewer options as state and local deductions have been capped under the new law.

Clients still have a few weeks to make deductible contributions to various retirement accounts, as well as health savings accounts, to reduce their 2017 tax liabilities.

The products can offset potential losses from lowered state and local deduction limits.

Even if those assets are used to pay for nonmedical expenses, an HSA can still be ahead of a 401(k) plan or an IRA.

Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like health care.

Many deductions are likely to disappear if Congress passes the reform bill into law.

Health savings accounts can add substantial value to client relationships, advisors are told at the Schwab Impact conference.

AI, HSAs, commissions and cybersecurity are top of mind for advisors attending at the firm’s annual Impact conference. The CEO makes his predictions.

The tax plan would make itemized deductions less valuable so some seniors would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

Under the rules, seniors face a tax liability for HSA contributions if they carry health coverage other than the high-deductible policy.

Clients can enjoy their later years without the worries of work, but will also lose the additional earnings.

Experts say 18-to-36-year-olds should take advantage of workplace 401(k) and Roth IRA tax benefits now and shop around for the best savings rates later.

The number of health savings accounts has increased 16% over the past year, and assets now exceed $40 billion.

One option for clients to consider is municipal bonds, which offer tax-free yields.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.