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RSS FeedsThis 1 Savings Tool Offers 3 Different Tax Breaks
(WorldNews Business)

 
 

15 february 2020 16:24:08

 
This 1 Savings Tool Offers 3 Different Tax Breaks
(WorldNews Business)
 


If your goal is to save money in a tax-advantaged fashion, you have several options at your disposal. You can put money into a traditional IRA or 401(k) and snag a tax break on your contributions to either retirement plan. Or, you can fund a Roth IRA or 401(k) and benefit from tax-free withdrawals in retirement. But if you`re looking for a savings option that offers the maximum tax value, you may want to consider a health savings account (HSA). How HSAs work An HSA is a dedicated account you can use to pay for immediate and long-term healthcare needs. HSA funds never expire, so there`s little risk in funding an account. Any money you don`t use in the near term can be invested and carried...


 
31 viewsCategory: Business
 
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