If you asked people to name as many types of retirement accounts as they could, they would probably come up with a pretty extensive list: 401(k)s, 403(b)s, traditional and Roth IRAs, SEP and SIMPLE IRAs, and so on. It’s unlikely that anyone would think of HSAs (Health Savings Accounts)—but as it turns out, they should.

HSAs offer a variety of benefits, from tax advantages to protecting your retirement budget from rising healthcare costs. This Kiplinger article explains why, when you think of retirement savings, it’s a good idea not to overlook HSAs.

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This article was written by Kiplinger, an entity unrelated to HoyleCohen, LLC. The information herein is intended for educational purposes and has been selected by HoyleCohen due to the timeliness of the subject matter.