This Retirement Savings Plan Gets Even More Attractive in 2022

·3-min read
This Retirement Savings Plan Gets Even More Attractive in 2022

In fact, Fidelity recently reported that the average 65-year-old male-female couple retiring this year will spend a projected $300,000 on medical care throughout retirement. In fact, the best way to maximize an HSA is to contribute more money than you expect to need in the near term for medical expenses. Contributions are made with tax-free dollars, investment growth is tax-free, and withdrawals are tax-free, provided they're made to cover qualified medical expenses.