The Pros and Cons of the 401(h) (Episode 062)

Summary: Join Kim Butler and Todd Strobel today as they talk about the pros and cons of the 401(h) plan. If you or your family members have considerable or even average amount of medical expenses, and are look for a way to deduct those expenses from their taxable income, this episode is for you! Always, don’t hesitate to reach out to us at [email protected], with any and all of your questions, comments, and concerns. We’d love to hear from you! Show notes: 0:00 Intro 0:40 The 401(h) (H as in Henry Plan) 2:59 401(h) and Medical Expenses 4:31 When Would a 401(h) be Useful? 6:09 How Does the Deductible WorK? 6:51 401(h): Taxes and Minimum Age 7:53 Be Grateful! 8:18 Outro