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Are Health Savings Accounts The Real “Holy Grail” Of Retirement Savings Vehicles?

2016-06-16 20_52_17-Films & TVWith it being so often repeated that the key to a secure retirement is to start saving early and put enough into your 401(k) to get your employer’s match, today’s article argues that many investors are overlooking (or underutilizing) another important savings tool – health savings accounts: “According to some advisors, HSAs are also the Holy Grail of savings vehicles because of their rare triple-tax benefit. Contributions to HSAs are made with pretax dollars (in most states), assets grow tax-free, and distributions are tax-free if used to pay for qualified medical expenses or as reimbursement for such expenses.” Can you amass more wealth by contributing to a HSA first before contributing to your 401(k)? CLICK HERE to read more.