HSA's, fund today, spend in retirement?
The HSA (health savings account) is frequently mistaken with it's cousin the FSA. Employees are frequently confused on how these accounts work, how they can be funded, what they can be used for and when they must be used. For those who are well onto their way to retirement, funding an HSA (if they are in a high deductible plan) can be yet another avenue to save for retirement. In 2022, an HSA can be funded up to $3,650 for an individual or $7,300 for a family.
CNBC put together a decent article highlighting some of the not so often uses for HSA's and that can be accessed here.