Don’t let the name fool you. Health Savings Accounts (HSAs) are retirement accounts on steroids. Shield earned income from taxes when you contribute, invest for decades without triggering taxes on interest, dividends, and capital gains, and then distribute tax-free.
Forced Conscientiousness
Broker-dealers and insurance companies will soon be forced to act in the best interests of their clients by the Department of Labor. The new laws only apply to retirement accounts, however. Buyer beware continues to be the name of the game when it comes to taxable accounts advised by broker-dealers and insurance companies. RIAs, like AlphaGlider, have always had to act in the best interests of their clients with any type of account.