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This allows the HSA to function similarly to traditional retirement plans like 401(k)s and IRAs and can give your portfolio an extra boost toward achieving your retirement goals.
8. Invest Your Funds. Some providers allow HSA holders to invest their funds, similar to how you would with a 401(k) or IRA. These can be in a variety of investments, including stocks, bonds or ...
Treat Your HSA Like a Traditional IRA After Age 65 After turning 65, you can use your HSA funds for anything. If you withdraw the money for non-medical reasons, it’s taxed as regular income.
With the rise of the high-deductible health plans, we have seen health savings accounts (HSAs) enter the marketplace to aid employees with covering their benefits costs with a tax advantage for ...
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 ...
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