If there's one thing most people can agree on when it comes to money, it's probably this: we don't like to pay taxes. If there's a permissible way to avoid a higher tax bill, common sense would tell us that it's wise to consider it.
A Roth IRA, for example, gives us the potential for tax-free distributions when done according to the tax laws. And any growth that may occur within a traditional IRA is tax deferred until distribution.
But what if you could get an up-front tax deduction, as well as tax deferral, AND tax-free distributions? On this week's episode of Managing Your Financial Future, our moderator Johnny Dean talks with "Professor" Rick Plum, CFP® about the triple-tax benefits of owning a Health Savings Account.
