Employees Overlook Retirement Investment Options

(From SHRM) Employees may not realize they can save their HSA balances for expenses in retirement, according to a study by the Employee Benefit Research Institute. The findings show that only 7% of HSA-holders report that they are investing account funds in stocks, bonds or mutual funds. HSAs can make a substantial difference in savers’ abilities to fund their retirement expenses. Additionally, HSAs are an attractive long-term investment option because contributions reduce taxable income, earnings grow tax-free and distributions for qualified medical expenses are not taxed. Employers can help employees understand how to invest these accounts.

More at SHRM

Related content: Owning Their Health: the Brave New World of Health Care Benefits

All news at NetAssets.org