A Health Savings Account: Your retirement savings “loop hole”
So what would be retirement savings utopia? How about an account that you can contributed pre-tax money to, that grows and accumulates tax free dollars, and that you can withdraw money from tax free? Well, that’s exactly what you get with a Health Savings Account, or HSA, making it one of the best options to fund your healthcare needs, even into your golden years. As with anything this good there are some rules you must follow to qualify and also to use the money but, as this CNBC Money article by Kathleen Elkins explains, an HSA should be an important part of your pre-retirement planning. Click here to read more.
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