Turn health savings accounts into retirement income.

If you are covered by a high-deductible health plan and have a health savings account (HSA), you don’t have to touch the funds in the account if you don’t need to. Stay healthy and use the account to build up a source of retirement on a tax-deferred basis. Withdrawals from the HSA after age 65 can be taken for any reason, say a vacation, and you’ll owe only ordinary income taxes on what you withdraw—there’s no penalty.