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The Importance of HSAs in Retirement Savings Plans
Traditionally, most folks these days look to deferred compensation plans–IRAs and 401ks–as a primary source of wealth accumulation for retirement. This is especially relevant to the company-sponsored 401 k plans that offer an employer match. While all of this is true, another vehicle has emerged as one that deserves consideration in one’s retirement plans–the Health Savings Account (HSA). As explained by The Motley Fool’s Maurie Backman in a post on their website, “HSAs allow you to carry your money forward indefinitely.” So, if you qualify for an HSA, it might be worthwhile checking out your options. Read Ms. Backman’s post here for additional details on how HSAs might be of benefit to you.