Paul finds an article that says you can stash more away for retirement in your health savings account (HSA). While the IRS has increased limits, Paul doesn’t consider these exclusively retirement accounts. Paul explains why he likes and recommends HSAs for people looking to save irregular or unexpected income or wanting to enjoy the tax benefits on future medical expenses. Listen along if you’re unfamiliar with HSAs and ever worry about covering these kinds of expenses. At the end, Paul shares where consumers should reduce spending due to inflation.
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