While retirement may not be something that you’re thinking about in your 40s, it’s the right time to plan ahead and that includes planning for your healthcare costs in retirement. While you may already be contributing to a 401(k), it’s important to also take into account the potential healthcare costs that you may need to pay throughout your retirement years.
If you have an HSA, take advantage of it by contributing to it. You can take advantage of the tax advantages of these accounts, and you can utilize the funds for your healthcare both before you retire and during your retirement, so that you can leave you retirement funds solely for your retirement spending.
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