June 5, 2023 – Head of Wealth Planning, Mallon FitzPatrick was featured in Financial Advisor Magazine to discuss ‘HSAs Offer Untapped Retirement Benefits For Wealthy.’ “Contributing $7,500 today will allow the taxpayer to deduct this amount from their taxable income,” FitzPatrick said. “Assuming the $7,500 is invested and compounds tax-free at an average of 8% annually, the initial contribution will grow to approximately $75,000 after 30 years. Historically, health care costs have risen by 5.5% a year, and a $7,500 procedure today may cost $37,000 in 30 years.” Read the full piece here: https://tinyurl.com/2yb7yj7b
