50 and older, I’m sorry, but in my personal experience, your advice has been a little out of date.

  • jacksilver@lemmy.world
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    5 hours ago

    They’re both tax advantaged accounts - meaning you don’t have to pay taxes on them in most situations.

    HSA is supposed to be a Health Savings Account, but has turned into more of a retirement account. 401k is Americas sad replacement for pensions as workers need to contribute to it and so it largely only helps wealthier people.

    The more general advice would be - make sure to save and invest money (preferably in ways that avoid taxes if possible).