Found Money: Your Health Savings Account
Key Takeaways Health Savings Accounts (HSAs) are tax deductible, tax deferred, and tax-free when used for health or medical-related expenses. Many people don’t realize HSA funds may be used for retirement. Once you’ve reached your limit on 401(k) contributions, your HSA may be an option for additional retirement savings. If you’ve ever done a […]
Why You May Want to Consider a Health Savings Account
Key Takeaways Health Savings Accounts (HSAs) are a way to pay for medical expenses with tax-free money. The money you put into an HSA grows tax deferred. HSAs can also serve as another retirement account.