Millionaire Mission by Brian Preston

Author:Brian Preston
Language: eng
Format: epub
ISBN: 9781637745021
Publisher: BenBella Books
Published: 2024-02-15T00:00:00+00:00

Annual Clearing Versus Fund, Hold, and Invest Comparison

Annual Clearing Account Method (96% of HSA Holders: Non-maximizers)

Fund, Hold, and Invest (4% of HSA Holders: Maximizers—the Financial Mutants)

Contribute $8,300 each year for 10 years (family maximum—disregard inflation increase)

$8,300 annual family contributions invested for 10 years earning 8% per year (on average)

Assume that each year there are $8,300 of qualified medical expenses that are paid through your HSA contributions and reimbursement

Value after 10 years (ROI of 8%) = $126,538

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