3 Better Ways to Save for Retirement Than a 401(k)
If you have access to one, a 401(k) is a great place to stash your retirement savings, but not everyone can get one. Fortunately, that doesn't mean you're out of luck when it comes to retirement savings. There are plenty of other accounts you can turn to if you want to save for your future and get a sweet tax break today. Here are three of the best.
Health savings accounts (HSAs) technically aren't retirement accounts. But they're actually one of the best options for retirement savings if you qualify for one. To do so, you need a health insurance plan with a deductible of $1,400 or more for an individual or $2,800 or more for a family. You're allowed to put up to $3,650 in an HSA in 2022 if you have a qualifying individual plan or $7,300 if you have a family plan. Adults 55 and older may add another $1,000 to these limits.
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Source Fool.com
