South Carolina Business Review

HSAs could be useful investments

By Mike Switzer

Published April 9, 2024 at 6:30 AM EDT

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William Jeter, certified financial planner with Abacus Planning Group in Columbia, S.C.

By now, most people know what an HSA or Health Savings Account is, where you put money into a tax-deferred account for the specific purpose of paying for medical and health-related expenses. But our next guest says that these are also the most interesting investment accounts available. Mike Switzer interviews William Jeter, a certified financial planner with Abacus Planning Group in Columbia, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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