Dear Ms. MoneyPeace, I am retiring this year and trying to understand Medicare. At this point I am covered fully by a company plan. I turned 65 last fall and plan to retire in August or September. Wh...
Tag: HSA
How Your HSA Can Help
Medicine and money getty It’s no secret that healthcare costs are on the rise. In fact, a recent study by Fidelity showed that the average couple will spend over $275,000 on healthcare costs in ...
I’m 53, just got laid off, and wondering what to do now. I have $425K saved for retirement, $10K in an HSA, and a property I could sell for an extra $200K in cash. Is getting professional help wise?
Getty Images/iStockphoto Question: I was laid off from my job of 12 years. I have a few questions about how to rearrange my future financial plan. I am 53 years old and I plan to go back to work once ...
Should I Use An HSA as a Backup for My 401(k)?
HSA vs. 401(k) Two of the most common vehicles for building savings are the 401(k) and the health savings account, or HSA. While the HSA isn’t a traditional retirement account, at least not formally, ...
Opinion: Your HSA can be an extra retirement savings — how to make smart choices during open enrollment
It’s open enrollment season, which means it’s time for most workers to choose benefits for the year ahead. Health insurance is one of the most popular benefits that workers review yearly, but there is...
Does It Really Make Financial Sense to Contribute to an HSA After Retirement?
can i contribute to an hsa after i retire A health savings account (an HSA) is a form of tax-advantaged retirement account designed for healthcare spending. You can make contributions to your account ...
This Chart Shows How Contributing to an HSA Can Pay Off Big
Maxing out your HSA and contributing catch-up contributions can pay off. Contributing to a 401(k) or individual retirement account (IRA) isn’t the only way to save for retirement. While most peo...
The cost of retiree healthcare is climbing— here’s what you should expect to spend
Healthcare costs continue to rise — Americans planning to retire should prepare ahead of time. The average 65-year-old couple retiring in 2022 can expect to spend $315,000 in retirement on healthcare...
Average HSA Balance By Age
average hsa balance by age Health Savings Accounts or HSAs help offset your out-of-pocket healthcare costs when you have a high deductible health plan (HDHP). Because of all the tax advantages that co...
Can I Contribute to an HSA After I Retire?
can i contribute to an hsa after i retire A health savings account (an HSA) is a form of tax-advantaged retirement account designed for healthcare spending. You can make contributions to your account ...