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Why a Health Savings Account Needs to Be Part of Your Retirement Plan


Most of us know to save for retirement, since Social Security won't provide enough income by itself to make for a comfortable lifestyle. But when we think about the expenses we'll face in retirement, it's easy to assume that they'll largely go down or stay the same. Specifically, housing might cost less if your home is paid off by the time you retire, and your utility and grocery bills might be similar to what they look like while you're still working.

But if there's one expense that tends to go up in retirement, not down, it's healthcare. And that's why it pays to take advantage of a health savings account (HSA) during your working years.

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Source Fool.com


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