HSAs are a great way to help you cover a deductible and be a safety net for you and yours should you need to spend your funds. However, they are also a great safety net for long-term savings. Current estimates show that a retired couple in today’s economy will need upwards of $315,000 just to pay for healthcare costs. So, there’s a case to be made for saving your HSA for retirement or future healthcare costs if you are able.
HSAs are your savings account for life, whether you remain with your current employer or take on a new employment adventure. They don’t expire. So, while you’re here, let’s learn about the option to invest some of those funds and help them grow for your future. Your HSA comes equipped with an array of tools to help you select investments and get your money working for you. You do not have to be a finance wizard. Note that invested funds are subject to stock market fluctuations, just as any other type of investment. To get started reviewing your options, check out these resources.
