Do you have a tax-efficient retirement income strategy that all tax-saving strategies available to you like an HSA? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to An HSA is your most tax-advantaged account in retirement due to its triple tax advantage. If used properly, the money in an HSA can completely avoid taxes altogether. But as tax-advantaged as this account is while you're alive, it's quite tax disadvantaged after death. Health Savings Accounts can be passed to other persons or entities in one of five ways. An inherited HSA in many cases becomes fully taxable in the year of death. For instance, a non-spouse inheriting this account will have to withdraw the full HSA and pay income taxes on the full amount. This can drive any heir into higher brackets pretty quickly. So what can a retiree do? First, fully utilize the HSA while stil...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)