Philadelphia Reflections

The musings of a physician who has served the community for over six decades

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Introduction: Surviving Health Costs to Retire: Health (and Retirement) Savings Accounts
New topic 2016-03-08 22:42:53 description

Section One: HSA becomes HRSA

Section One: Health Savings Accounts Expand to Health and Retirement Savings Funds.

As presently written, the law provides that HSAs turn into IRAs when Medicare coverage begins.


Basic thesis:

Money at 7% compound interest, doubles itself in ten years.

Money at 10% compound interest. doubles itself in seven years.

Consequence: Money at 7% multiplies itself 512 times in ninety years.


Originally published: Thursday, May 05, 2016; most-recently modified: Wednesday, June 05, 2019