Plus, many employers who sponsor 401 (k) offer free matching dollars. And if you’re familiar with this arrangement, it makes sense to take advantage of it. As such, you shouldn’t put any money in your HSA until you’ve achieved your full 401 (k) match.
Now, IRAs don’t offer matching incentives like 401 (k). But you should still make an effort to fund an IRA as well as an HSA because ultimately IRAs are more flexible.
Manage your accounts wisely
While having money in an HSA can come in handy during retirement, and HSAs offer a plethora of tax breaks, you shouldn’t put aside your IRA or 401 (k) savings efforts. to focus only on funding an HSA. But you shouldn’t neglect your HSA either. These plans can work well together to provide the financial security you need in retirement, especially since health care could become your biggest expense as you get older.
The $ 16,728 Social Security bonus that most retirees completely ignore
If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “social security secrets” could help boost your retirement income. For example: One simple tip could net you up to $ 16,728 more … every year! Once you learn how to maximize your Social Security benefits, we believe you can retire with confidence with the peace of mind we all seek. Just click here to find out how to learn more about these strategies.
