Watch Out, 401(k)s: HSAs Are the New Retirement Sheriff in Town

·3 min read
Watch Out, 401(k)s: HSAs Are the New Retirement Sheriff in Town

In 2021, the Employee Benefit Research Institute (EBRI) reported that 56% of 401(k) participants lowered their 401(k) contributions in the first year they contributed to their health savings account (HSA). Are these savers savvy retirement planners, or are they making a critical retirement mistake? Here are four reasons why maxing out your HSA could be your smartest retirement move, even if it means lowering your 401(k) contribution.

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