HSAs can be a great retirement tool – if you’re healthy or wealthy

Health savings accounts allow individuals to set aside pre-tax money for medical expenses and, if unused, to be invested for retirement. Account holders must be enrolled in a high-deductible health plan to contribute. The accounts become available for non-medical withdrawals without penalty after age 65, though withdrawals for non-medical expenses before that age incur a 20 percent penalty plus income taxes.

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