I’m pretty healthy and don’t expect I’ll need to spend much for healthcare each year, but some of my colleagues suggested I should think of my HSA as a savings account and put more in it than I do today.
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I’m pretty healthy and don’t expect I’ll need to spend much for healthcare each year, but some of my colleagues suggested I should think of my HSA as a savings account and put more in it than I do today.
Hi Angie. You’ll find a great article on this very topic on Wealthtender at the link below. As you’ll read in the article, just as your colleagues have suggested, it may be a good idea for you to consider maxing out your HSA given the considerable tax benefits you might enjoy. A sizable HSA could become an important component of your overall retirement savings plan.
Why You Should Max Out Your HSA in 2021 Before Putting More in Your 401(k)