Millennials on track to retire early are maxing out HSAs to supplement their savings. Here's who is eligible for this account and how to use it to grow your money.

Amberly Grant highlights the financial advantages of an HSA, emphasizing its triple tax benefit which allows contributions to reduce taxable income, grow tax-free, and be withdrawn tax-free for qualified medical expenses.

Brennan Schlagbaum points out that despite managing multiple accounts, he finds his HSA to be the most advantageous, underscoring the effectiveness of this specialized savings method for financial growth.

In 2024, individuals can contribute up to $4,150 to their HSAs, making it a valuable tool for healthy individuals looking to supplement their retirement savings.

Amberly's seven-year commitment to maxing out her HSA reflects a broader trend among financially savvy millennials who see HSAs as more than health accounts, but as retirement savings tools.

Read at Business Insider