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That being said, a health savings account is meant for health-related expenses. So, it shouldn’t replace your 401(k), IRA, or other dedicated retirement accounts.
Relying heavily on retirement funds for long term care may mean you have quite a bit less for other expenses. Consider a separate long-term care insurance policy or a HSA for medical expenses ...
Be Aware: 8 Common Mistakes Retirees Make With Their Social Security Checks. ... (HSA) before retirement to cover out-of-pocket health expenses — co-insurance, copayments, deductibles and ...
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 ...
You cannot make contributions past age 65, so you’ll want to sock as much savings as you can into your HSA before you reach retirement. And, if you’re already in your 40s or 50s, it’s still ...
A health savings account (HSA) is a tax-advantaged account designed to help you save for future medical costs. If you have access to this type of account, it's a good idea to make the most of the...