Roth IRA vs. Health Savings Account (HSA): Which Is Better?

by | Sep 9, 2022 | Roth IRA | 1 comment

Roth IRA vs. Health Savings Account (HSA): Which Is Better?




#RothIRA #HealthSavingsAccount #taxstrategies

If you only had $5,000, would you put it in a Roth IRA or a Health Savings Account (HSA) account?

Watch The Great Debate between tax attorneys and bestselling authors, Mat Sorensen & Mark J. Kohler on how to best grow your money tax-free.

Some key comparisons:

ANNUAL CONTRIBUTIONS
•HSA gives you a tax deduction.
•Can contribute Single $3,650 and Family $7,300.
•Roth IRA has no tax deduction.
•Can contribute $6,000 per person + $1,000 if 50 or older.
•Roth IRA for Kids with income.

GROWTH
•Both the HSA and Roth IRA grows tax-free.

DISTRIBUTION
•Health Savings Account has no tax on distribution BUT ONLY FOR QUALIFYING MEDICAL.
•Can distribute contribution and growth at any age.

•Roth IRA has no tax on distribution BUT ONLY AT 59.5 OF AGE.
•Can distribute for anything.
•Contributions can be distributed at any age.

Which account is better?

It depends on the person, their goals, health and finances.

Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding what type of account is best for you.

Learn more about our upcoming Live events:

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Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding a Real Estate IRA or a Self-Directed IRA.

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About Mat Sorensen:
Mat is the leading national authority of The Self-Directed IRA industry, CEO of Directed IRA, partner at KKOS Lawyers, and best-selling author of “The Self Directed IRA Handbook,” with 40,000+ copies sold. Mat is also a VIP Contributor at Entrepreneur and, an expert author at Cryptopedia. He is a go-to guest speaker for financial, tax, and legal podcasts, Live events, and conferences.
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See also  Backdoor Roth IRA, Strategies for 2023 and Beyond #retirementplanning #401k

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* Check out Mat Sorensen’s Self-Directed IRA Podcast, new episodes every Monday. Submit your questions, listen, search for prior episodes, and sign up for the Directed IRA Weekly Free Newsletter, visit
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1 Comment

  1. Jai BTC is Money

    Good idea about getting the match, funding the Roth & HSA, then going back to the 401k.

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