Sneaky Financial Planning Tools Everyone Wishes They Knew

Tax-Advantaged Accounts

One of the most effective yet underused financial planning tools is the tax-advantaged account. These accounts, such as Roth IRAs and Health Savings Accounts (HSAs), allow you to save money on a tax-deferred basis, which can significantly enhance your long-term savings. For example, contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free¹. This dual tax advantage can be a powerful way to manage healthcare costs and save for retirement simultaneously.