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The Health Savings Account – A triple-tax-free investment
Health Savings Accounts, or HSAs, are an excellent investment vehicle used to pay for healthcare expenses using tax free money. Of course there are restrictions for how much you can contribute and what the funds can be used for, but with Medical expenses looming very high on the list of concerns for America’s retirees, investing in an HSA makes a lot of sense. And HSAs offer a triple tax advantage, because you put tax-free money into the account, the investment proceeds remain as tax-free, and the monies withdrawn for medical expenses are also tax free, as this CBS MoneyWatch article by Ray Martin explains. Click here to read more.