Showing posts with label Pay Off. Show all posts
Showing posts with label Pay Off. Show all posts

Saturday, October 22, 2016

Four Surprising Ways to Build Wealth

Insider tips on living within your means -- and planning for the future.

You likely already know the standard advice about building wealth: Live below your means. Max out your retirement accounts. Pay off your debt. But in addition to those tried-and-true methods, there are other, less well-known ways that can help you grow your net worth faster. Here are four:

1. Use a Health Savings Account. These accounts, which are paired with high-deductible health insurance plans, offer a rare triple tax break — your contributions are deductible, your money grows tax-deferred and withdrawals for medical expenses are tax free. HSAs typically allow contributions to be invested in stocks and other investments for long-term growth, and any unused money can be rolled over year after year.




Source: Money

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