Stop Making 401(k) Contributions – Fill Up Your HSA First

With health care open enrollment season approaching, individuals electing a High-Deductible Health Plan (HDHP) will soon have an opportunity to decide how much to contribute to their Health Savings Account (HSA) for next year.

My advice? Contribute as much as you possibly can. And, depending upon the features of your 401(k) plan, you may wish to prioritize your HSA contributions ahead of your 401(k) contributions.

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