Remove 401(k) Remove Health Savings Account Remove Healthcare
article thumbnail

HSA vs. 401k vs. IRA: How do these retirement accounts stack up

WEX Inc.

How is your HSA vs. your 401(k) vs. your IRA shaping up for retirement planning? The average 65-year-old couple retiring today will need $351,000 to cover healthcare and medical costs in retirement. To help you prepare, here is a breakdown of three common retirement accounts: an HSA vs. a 401(k) vs. an IRA.

401(k) 96
article thumbnail

HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses. The post HSA vs.

401(k) 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How HSAs can transform retirement planning and your common questions

WEX Inc.

And it’s a solution you might already be offering: the health savings account. These accounts provide another way for your employees to diversify their efforts to prepare for retirement. A 401(k) is a tax-deferred account where individuals do not pay income taxes on amounts contributed,” Cook said.

article thumbnail

HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.

401(k) 98
article thumbnail

Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

Certified 401(k) Professional (C(k)P®) The Certified 401(k) Professional (C(k)P®) credential, offered by The Retirement Advisor University in collaboration with UCLA Anderson School of Management, focuses on the complexities of managing 401(k) plans. Strong focus on U.S.

401(k) 65
article thumbnail

What You Need to Know About Health Savings Accounts

Benefit Resource Inc.

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs Provide More Tax Breaks Than 401(k)s.

article thumbnail

HRA vs. HSA: What you need to know

WEX Inc.

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.