Established as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, the Health Savings Account is a combination of features found in traditional health insurance plans married to retirement plans. The goal was a program to shield money for health care from taxes.
If you have a high-deductible health plan, consider an HSA – Health Savings Account. There are numerous advantages to the plan for those who qualify. The money you deposit in the plan isn’t taxed, and you can invest it. The account owner has control of how the money is spent, so unused funds stay in the account and can be used toward paying future medical expenses.
IRA Contribution Limits For several years, the contribution limit for an IRA stayed at $2,000, but policymakers realized that inflation made this limit inadequate for meeting the retirement planning needs of individuals. If you are using IRAs to fund your retirement, there is some good news about the 2010 and 2011 limits. IRA Contribution Limits [...]
Source: SEP IRA Blog