Even if retirement is years away for you, consider adding a Health Savings Account (HSA) to your retirement strategy. An HSA lets you set aside money on a pre-tax basis to pay for qualified medical expenses when it is partnered with a high-deductible health plan. You can open an HSA with a financial institution or, if offered, through your employer’s benefit plan. Other than the tax benefits, HSA funds do not have to be used. If you’re in good health, you can grow these savings and use them to help cover health care costs in retirement. Talk with a financial professional for a basic understanding of HSAs and how they may align with your retirement goals. Reach out to learn more. |
How an HSA Can Help Your Retirement
