Health Savings Accounts or HSAs help offset your out-of-pocket healthcare costs when you have a high deductible health plan (HDHP). Because of all the tax advantages that come with the account, it's a great strategy to save for medical expenses … Continue reading → The post Average HSA Balance By Age appeared first on SmartAsset Blog.
Estimating your expenses in retirement can be tricky. There are some savings when you stop working, as you will no longer have to pay for things like commuting expenses, a work wardrobe and take-out.
With an average retirement balance of just $202,000, baby boomers could find themselves pinched for retirement income, according to a new survey from the Transamerica Center for Retirement Studies. Using the 4% rule for retirement withdrawals, that balance would produce … Continue reading → The post Here's How Retirees Can Turn $6,000 Into a $150,000 Retirement Bonus appeared first on SmartAsset Blog.
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