Retirement Savings Secret Revealed: How One Overlooked Account Can Boost Your Nest Egg

Core Insights - Health Savings Accounts (HSAs) provide significant tax benefits that can enhance retirement savings and serve as a form of retirement account [3][4][5] Tax Benefits of HSAs - HSAs offer a triple-tax advantage: contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualifying medical expenses are tax-free [5][6] - Contributions for 2025 are capped at $8,550 for family coverage and $4,300 for self-coverage, with increases for 2026 to $8,750 and $4,400 respectively [5] - Individuals aged 55 and older can contribute an additional $1,000 to their HSAs [5] Comparison with Other Retirement Accounts - After age 65, HSAs can provide greater tax benefits compared to 401(k)s and IRAs, particularly for those looking to supplement retirement savings [7]