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Work With a Fortune FinancialAdvisor HSAs exceeded $100 billion by the end of January 2022 and is forecasted to hit $150 billion by the end of 2024. The post How HSAs Can Help With Your Retirement Planning appeared first on Fortune FinancialAdvisors. What Can You Use HSA Savings For In Retirement?
From medical expenses to the impact of illness or disability on your ability to earn a living, your health can have a significant effect on your financial well-being. Therefore, it is essential to consider your health when making financial plans. Need a financialadvisor? Medical inflation rose 2.3% becomes critical.
One major financial factor to consider is that longer lifespans tend to increase medical-related expenses during retirement years. As new medicines and technologies are developed, medical costs tend to outpace the core rate of inflation by several percentage points annually. .
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