You might know about all of the standard HSA benefits. Triple-tax savings has to top the list. An HSA is one of the most advantageous tax-savings vehicles on the market. It is also the only long-term dedicated health account.
Creating ways to extend the dollar value of an employee’s salary can help improve your benefits offering. HSAs helps employees save more money for health costs.
Keeping more of your money is always a good thing. An HSA can help you maximize your tax savings to save more or invest more money for your financial health future. Understanding HSA tax implications, contribution limits and date requirements are the first steps to ensuring you can maximize your tax savings in 2017. From there, you can work with a certified tax or financial professional to best optimize your HSA funds along with other tax vehicles to save the most tax-free money in 2017.
Saving for retirement is hard enough. Having those hard-earned funds taxed in retirement can feel emotionally frustrating and financially exhausting. No matter how much money you have saved for retirement, the further that money can go, the better. Here is how to use two retirement tax vehicles to save the most money today, and have 100% tax-free retirement income.