It's never too late to change your money habits. If you ended 2023 with financial regrets, it's time to turn those mistakes into powerful money resolutions. Related: 12 Things You Should Start Buying.
As your income increases, it will also be tempting to have your spending go up. You'll want to treat yourself to everything you couldn't afford before your six-figure salary. However, it's essential.
December 12, 2020 9:36 AM newsfeedback@fool.com (Maurie Backman)
Posted:
Updated:
December 14, 2020 8:36 AM
Many people struggle to contribute any money at all to an IRA or 401(k) plan. If you’re currently maxing yours out, consider yourself ahead of the game. But what if you still have the financial leeway to sock money away for the future? Are there other accounts that offer tax benefits comparable to what you’ll find in an IRA or 401(k)?
Thankfully, there’s one account in particular that, believe it or not, offers superior tax benefits on the road to building long-term wealth: the health savings account (HSA). If you qualify to contribute to one, it pays to take advantage.