This is a U.S. news story, published by Yahoo Finance (Canada), that relates primarily to the Federal Reserve’s news.
For more U.S. news, you can click here:
more U.S. newsFor more personal finance & financial education news, you can click here:
more personal finance & financial education newsFor more news from Yahoo Finance (Canada), you can click here:
more news from Yahoo Finance (Canada)Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
wealth today. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest median net worth news, Investment account news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
wealthMoneywise
•76% Informative
The average U.S. household had a net worth of $ 1,063,700 in 2022 , according to the Federal Reserve’s latest Survey of Consumer Finances.
With the right strategy, many households can grow wealth over time with the right combination of accounts.
With that in mind, here are four accounts you should set yourself up with — and how to use each one to get the most out of your money.
To qualify for an HSA , your health insurance plan must meet certain requirements that change yearly .
HSA contributions don’t count toward taxable income up to an annual limit set by the IRS each year .
Unused funds can be invested, so the money in the account grows.
Investment gains are tax-free, withdrawals used for qualifying medical expenses.
VR Score
73
Informative language
71
Neutral language
12
Article tone
informal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
19
Affiliate links
no affiliate links