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Greenberg & Company, LLC, CPAs
500 Morris Avenue, Springfield, NJ 07081-1224
Phone: 973-467-3838
Fax: 973-467-3184
BY THE NUMBERS
A joint report by the LIMRA Secure Retirement Institute and Insured Retirement Institute (IRI) finds only 51% of Americans believe they are knowledgeable about Health Savings Accounts (HSAs). Those who say they aren’t knowledgeable should learn more about HSAs, which not only provide a tax-free way to save for and pay qualified medical expenses but can be used for additional income (after paying ordinary income tax) in retirement.
The Federal Reserve Bank of New York's Center for Microeconomic data reports 40.2% of respondents say that their househould financial situation has improved compared to a year ago. This is the highest number since the survey’s inception in June 2013. Consumers’ outlook for the year ahead has also improved.
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