Mass Gov Health Insurance
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Welcome to our special collection of educational writings and resources
to support your health insurance search. This site is updated daily. |
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Using Your Health Savings Account To Build Retirement Savings
By Wiley Long
Health Savings Accounts are an excellent way to build a second retirement account. These tax-favored accounts, which have only been available since January of 2004, can be opened by anyone with a qualifying high-deductible health insurance plan. Once you open an HSA account, you can place tax-deductible contributions into it, which grow tax-deferred like an IRA. You may withdraw money tax-free to pay for medical expenses at any time.
The biggest reason more people don't retire before age 65 is lack of health insurance, and many Americans reach age 65 woefully unprepared for the medical expenses they'll face once they do retire. One of the most important long-term reasons...
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| Copyright 2012 |
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