In this article, we will explore four little-known ways to invest for retirement, shedding light on these hidden gems that can pave the way to a more prosperous future.
HSAs offer a unique triple tax advantage: contributions are tax-deductible, the account grows tax-free, and withdrawals for qualified medical expenses are tax-free.
Health Savings Account (HSA) As a Retirement Vehicle
However, many overlook that once you turn 65, you can use HSA funds for any purpose without incurring a penalty. This makes HSAs a compelling option for retirement savings, especially for those with comprehensive health insurance coverage.
Real estate crowdfunding involves pooling funds with other investors to finance various real estate ventures, such as residential or commercial properties.
These platforms allow you to diversify your investments across multiple properties and locations, thereby reducing risk and increasing potential returns.
With an SDIRA, you can invest in a broader range of assets, including real estate, private equity, precious metals, and more. This flexibility opens up new opportunities for diversification and potentially higher returns.