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Even though health savings accounts, or HSAs, are meant to help people set money aside for healthcare expenses, you’ll often hear that they can double as a retirement savings plan. And that’s not incorrect.
The great thing about HSAs is that your funds never expire. If you put money into an HSA in your 20s or 30s, you can carry that balance all the way into retirement and take withdrawals for medical spending then. Plus, HSAs let you invest money you don’t need to use right away so you can grow your balance over time.
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