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CNBC

More Americans are using a trick that can help you save money for retirement—there’s just 1 catch

By Kathleen Elkins

More and more Americans are using a health savings account (HSA): As of January 2017, 21.8 million people had opened a HSA, a 9 percent increase in enrollment from 2016. Besides being a good way to save money on health care costs, HSAs can supplement your retirement savings.

“It’s kind of like this retirement loophole trick,” says certified financial planner at Betterment Nick Holeman.

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This article originally published March 21st, 2019 on CNBC

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