The Most Powerful Account You're Probably Using Wrong

Most people treat their Health Savings Account (HSA) like a glorified checking account. Money goes in, a copay or a prescription comes out, and the balance hovers near zero by December. That is a missed opportunity, because the HSA is the only account in the entire tax code that gives you a tax break on the way in, on the way through, and on the way out. Used deliberately, it can become one of the most efficient retirement assets you own.

Here is how it works, and how a little discipline can turn a modest health account into a meaningful tax-free nest egg. The Triple Tax Advantage…