In many ways, Health Savings Accounts have been the "middle child" of retirement savings. For one thing, whatever attention big brother 401(k) doesn't get, baby sister ROTH IRA gets. On the other hand, HSAs generally have been viewed more as a health benefit rather than a retirement benefit.
But, you know, if you think about it, if you ask a lot of folks, they'll tell you their greatest retirement worry is paying for health care. Once they leave the cocoon of employment, they'll no longer have the benefit of using their company's health care plan.
Many people, for the first time, will have to shop for health insurance all by their lonesome. Think about it. If you have to shop for something for the first time, aren't you afraid what the cost might be?
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
