Health Savings Accounts as a Retirement Savings Vehicle
Use HSAs now and max out your contributions, invest the money, and use the IRS “shoebox rule” for additional tax benefits. Fidelity recently estimated a 65-year-old couple, retiring this year, will need $275,000 to cover health care expenses. Say you have a Health Savings Account (HSA) because you are enrolled in your employer’s high deductible health plan (HDHP). If you...
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