Hidden Retirement Strategy Could Add $100,000 to Your Nest Egg
As President Donald Trump's initiatives, led by Elon Musk's Department of Government Efficiency (DOGE), cut staff and shut down multiple Social Security offices, an already understaffed system — with 7,000 fewer full-time employees and 7 million more beneficiaries than a decade ago — has become a significant concern for Americans. To mitigate the impact of reduced government support, it is crucial to implement effective wealth-building retirement strategies. A key overlooked strategy for reaching a six-figure income in retirement is utilizing a health savings account (HSA).
- The growing reliance on HSAs highlights the need for individuals to diversify their retirement savings and consider alternative investment options, potentially reducing their dependence on traditional sources like Social Security.
- What role will rising healthcare costs play in shaping the future of HSA usage and, by extension, overall retirement planning strategies for Americans?