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What Is An HSA and How Does It Work?

By Motley Fool Retirement Team – Updated Nov 25, 2024 at 4:52PM

Key Points

  • HSA contributions are tax-deductible, and funds can be invested for potential growth.
  • Withdrawals from HSAs for medical expenses are tax-free at any age.
  • Post-age 65, funds can be used for any purpose with ordinary income tax rates.
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