The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: MSA Madness....NOT?!!!??? Date:  3/30/1998  12:13 PM
Author:  Pooksterish Number:  3123 of 127638


I'm in the midst of doing some research on MSA's. I'd like to hear what you know about them to date.
I'm reading some stuff at the IRS web site and am confused about the tax benefits.

First of all it says that interest and other earnings on the assets in an MSA are tax free. And the contributions are tax deductable. Then is says that you can make tax-free withdrawals from the MSA to pay for qualified medical expenses. If I'm reading this correctly this is a fantastic deal! Much better than an IRA or a Roth IRA! No taxes whatsoever?!

Also, can an MSA be set up with a discount broker or mutual fund company the way an IRA can?


Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us