You probably think of a health savings account (HSA) as simply an account to put aside money for medical expenses. After all, the name is “health savings account,” so what else would it be for?
Think again! After reading this article, you’re going to look at HSAs in a completely different light. The HSA is the Swiss Army knife of savings accounts. Not only does it provide big benefits for medical expenses, but it is also a powerful tool to supplement your retirement savings.
In fact, you will benefit more by putting money aside in an HSA rather than a traditional IRA. Yes, you read that right—an HSA provides bigger tax benefits than an IRA.
This may sound crazy to you, but we will demonstrate below just how powerful an HSA is. ... Log in to view full article.