Spend Your FSA Money, Max Out Your HSA

If you have an Flexible Spending Account at work, you have just a couple more months to spend the money in the account before the money goes away. Remember, an FSA is a use it or lose it type account, so you will want to bring that balance down to $0 before the deadline. Your HR department can tell you the amount you need to spend and what medical expenses qualify.

If you have a Health Savings Account (HSA), now is the time to max it out in order to boost your tax deductions and contribute to your medical retirement account. The HSA is the only triple tax advantaged account, so make sure to max it out if you have the option to own one.