My Favorite Retirement Account Just Got Even Better
If you're looking to supercharge your retirement savings, there's one account that stands out above the rest if you ask me: the health savings account.
The health savings account, or HSA, isn't always thought of as a retirement account. It's designed to help people on high-deductible health insurance plans pay their medical bills tax free. But you can invest your savings while you're waiting for those medical bills to come in. And if you choose to pay those medical bills with funds outside your HSA, it will allow the investments in your HSA to grow all the way until retirement.
The IRS just made using an HSA for retirement saving even more appealing. Here's what's new.
Source Fool.com
