As the owner of a small business, you may like to be able to offer your employees a retirement plan benefit, but cannot do so for several reasons. Cost is obviously a major concern, but the complexity involved in administering a defined contribution plan, such as a 401(k) plan, is another significant issue. However, the […]
Retirement
An HSA Can Also Be Used to Save for Retirement
Health savings accounts (HSAs) were created as a savings vehicle to help people pay out-of-pocket medical expenses. If qualified, you can establish an HSA in much the same way you establish a traditional savings account or an individual retirement account. You can open one with a lump-sum payment or through regular contributions, usually through paycheck […]