Maximize Your Retirement Savings by Opening an HSA Before Age 65
Tuesday, 14 May 2024, 10:36
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Essential Reasons to Open an HSA Before Age 65
Consider opening a Health Savings Account (HSA) early to prepare for retirement healthcare expenses.
Maximize Tax Benefits
HSAs provide tax-free contributions, investment gains, and withdrawals for qualifying medical expenses.
Impact of Enrolling in Medicare at 65
- Enrollment in Medicare at 65 restricts further contributions to your HSA.
- Explore strategies to fund your HSA before turning 65 for maximum benefit.
- Utilize your HSA savings wisely post-Medicare enrollment to cover medical expenses in retirement.
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