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The average life expectancy in the United States now stands at nearly 80 years, and by 2040, 20% of Americans will be over the age of 65. Invest in a Health Savings Account (HSA) An HSA is a tax-advantaged savings tool that can be used to build retirement health savings. In 2023, healthcare spending in the U.S.
This article will further explore how health issues can impact your finances and investments that can help you target health-related expenses. While some employers provide disability insurancecoverage, it may not be enough to cover all expenses. The HSA contribution limit for family coverage can be up to $7,750.
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