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What the 2024 HSA Limit Increase Means for You and Your Finances
Rising inflation costs have triggered the IRS to announce one of the most significant jumps in the maximum contribution employees can make to their Health Savings Accounts (HSA) in 2024. This is an excellent opportunity to review HSAs, why they benefit financial and retirement planning, and how you can maximize their effectiveness.
HSA vs. FSA: What’s the Difference, and Why it Matters
The potential tax benefits and flexibility associated with HSAs and FSAs, it’s critical to make the best decision for your circumstances.
Your HSA: A Powerful Retirement Savings Vehicle?
A Health Savings Account (HSA) is more than a tool to cover medical expenses, it can be a powerful part of your retirement strategy. With tax-deductible contributions, tax-free growth, and tax-free distributions for qualified medical expenses, HSAs offer a unique opportunity to build long-term savings.