Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

When it comes to saving for retirement, the humble 401(k) is the top destination for your savings. After all, the workplace plan features plenty of benefits such as tax-deferral and potential corporate matching. And those benefits make a 401(k) a powerful addition to any retirement plan.

But another upstart way to save may actually be the better option for many savers. The health savings account (HSA) might be one of the best options for retirement savers. And that goes well-beyond its intended purpose for paying for healthcare expenditures.

Several provisions of the plan make it an ideal overall retirement savings account. A new school of thought suggests filing an HSA first before a 401(k) for retirement savings. For many investors, the strategy makes a ton of sense and could rewrite the traditional rules on retirement savings.

Don’t count out 401(k)s just yet. Find out why here.

To read the Full Story, Go Premium or Log In

Popular Articles

News

Dividend Aristocrat with 18% Historical Dividend Growth Rate Maintains Position on Best Dividend Stocks List

Healthcare remains one of the brightest sectors when looking for longer-term investment ideas....

News

Automatic Data Processing Inc. Increases Dividend by 14.49%

Each day, companies and funds across the globe announce upcoming dividend payouts. In our ...

News

Merck & Company, Inc. Leads 235 Securities Going Ex-Dividend This Week

There are 235 securities going ex-dividend this week starting Monday, December 10th. For income...