3 Reasons You Should Prioritize Saving for Retirement in an HSA
If you have access to a health savings account, or HSA, it should be a top priority for your savings. The account, available to members of certain high-deductible health insurance plans, offers a slew of tax benefits while remaining extremely flexible. Here are three reasons you should be putting your savings in an HSA.
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Traditional retirement accounts allow you to defer your taxes until you take distributions. A Roth account lets you take distributions tax-free, but you'll have to pay taxes on your contributions. An HSA offers the best of both worlds. You don't pay any income tax on your contributions, and qualified distributions are tax-free as well. (Note, qualified distributions are only for medical expenses.)
Source Fool.com
