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In addition to using an HSA for medical expenses, it can also be used as another way to save for retirement. Once you reach age 65, money held in an HSA can be withdrawn and used for any reason ...
Health savings accounts aren't nearly as popular as their more well-known counterparts like IRAs and 401(k) plans. Although their stated purposes are different -- an HSA is supposed to help you pay...
"The HSA was created when high-deductible (insurance) plans came about," explains Joseph Conroy, author of "Decades & Decisions: Financial Planning at Any Age," and a financial advisor with ...
This rule provides flexibility to use your HSA funds for anything you need in retirement. However, there’s a big catch. HSAs allow tax-free withdrawals, but only if you’re using the money for ...
Instead, he recommended treating your HSA like a retirement account by investing your funds in a low-cost, broad-market index fund long term. “This is how some people are able to have hundreds ...
Figuring out what sort of investment accounts to save in for retirement can be a little puzzling. Most financial experts will recommend tax-advantaged accounts like 401(k)s and traditional IRAs ...