HSAs and holistic financial wellness - The Street
An average retired couple age 65 in 2020 may need approximately $295,000 saved (after tax) to cover health care expenses in retirement according to the Fidelity Retiree Health Care Cost Estimate. You may want to consider a Health Savings Account (HSA) as part of creating a safe and secure retirement. HSA plans have been around almost two decades, and even though they offer some great benefits, they have been largely underutilized as another retirement savings account. In Bill Harris’ article for The Street, he writes about the benefits of HSAs and how they are able to help significantly with retirement savings. Read Mr. Harris’ article here…