An Overlooked Vehicle for Retirement Savings
Health-savings accounts are the only triple tax-advantaged vehicle in the tax code.
You've crunched the numbers and determined that in order to retire on schedule, you've got to kick up your retirement-plan contributions. So, you've dutifully been making the maximum allowable company retirement plan and IRA deposits, and you've even begun saving for retirement in your taxable brokerage account.
But there's one retirement wrapper that you may be neglecting: a health savings account (HSA).
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.