HSA

Over the years Congress has granted tax preferences to many different types of long-term savings accounts. Most of these accounts have two tax benefits. For example, traditional IRAs and 401k plans provide an immediate tax deduction when a contribution is made, plus

Q: I contribute every year to a health savings account and use it to help pay for medical expenses before I reach my deductible. Recently someone told me that they use their HSA to save for retirement, kind of like an IRA. I’m not sure exactly how that works, but is it a good idea? Is it better to use the money now or save it for later?