Before parents tell their kids how they should plan for the future, they should be prepared with solid advice—advice they’ve incorporated into their own financial planning, regardless of which life stage they’re in.
Each of us is faced with choices throughout our lives that have significant financial implications. How we navigate decisions such as which college to attend, whether or not to contribute to a 401(k), or the purchase of a home or new car, can impact our financial future.
Health savings accounts (HSAs) are perhaps the most powerful savings vehicles, especially for retirement savings, because of their significant tax advantages. Yet, too many HSA owners don’t reap all the advantages of their accounts.