Here’s how a health savings account works. Spoiler: It can be a stealth retirement fund

Health savings accounts offer a rare triple tax break and can be rolled over from year to year, allowing the balance to grow and be invested. If you do need to access your HSA funds, you can use your employer-provided card to pay medical bills or submit receipts to the HSA administrator for reimbursement. Explaining required minimum distributions Dear Liz: When my wife reached age 59½, we initiated required minimum distributions for all of her retirement funds. That’s the age at which people no longer have to pay penalties for accessing their retirement funds, not the age at which they must start taking money out.