From 2006 to 2016, Health Savings Account (HSA) holdings ballooned from $1.7 billion to $37.0 billion in assets. HSAs are a fast-growing, tax-advantaged savings option for investors that can help cover medical costs or save for retirement. The attached research paper details how.
- Discover the what, why, and how of HSAs’ tax benefits.
- Compare the tax breaks offered by HSAs with those offered by employer plans, 529 plans, and other taxable savings accounts.
- Examine the ways the favored tax status of HSAs can boost long-term savings compared with IRAs and other taxable savings accounts.
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Source: Vanguard Research