Plus, is there a magic retirement savings number?
| |  | | June 11, 2025 | | | | | | | | How Much Do You Need to Retire? Here's the Truth | By Keith Wagstaff
How much should you save to retire comfortably? With no magic number and so many variables at play, it's no wonder more than half of Americans are worried they'll run out of money. But with a few time-tested rules of thumb and some honest reflection about your goals, you can get a clearer picture of what it'll take to retire on your terms.
| | | | | | | | | | The Stealth Retirement Account You Should Know About | | | By Lindsay VanSomeren
Quick pop quiz: Which of these three statements about Health Savings Accounts is accurate?
- You should use your HSA money before you leave a job so you don't lose it.
- If you contribute more than you'll need for medical care, you'll have to pay a penalty to use it.
- You're going to have to pay taxes on your HSA money at some point.
| If you said none of them, you're right! But chances are someone you know would be wrong about at least one, given how easily misunderstood these accounts can be.
Here's the thing: HSAs can become powerful investment vehicles — if they're not overlooked. Their unique tax advantages, combined with their longevity and portability, can make them a smart way to save for the short-term or long-term. And if you use the money in retirement, you'll have the flexibility to spend it on more than healthcare.
"HSAs are probably one of the best-kept secrets in the financial planning world," says Brian Walsh, a Certified Financial Planner® and SoFi's Head of Advice & Planning. "Most of us will have plenty of healthcare expenses in retirement, but if you're lucky enough not to, you can use the money just like you would another retirement account."
So what do you need to know? Here's more on how HSAs work, when to use them, and what will maximize their potential.
| | | | | | | | | | 4.97 | On a scale of 1 to 10, that's how Americans rate their happiness with their personal finances, according to a recent online survey by Empower. In short, they're not too happy – including with their salary (which got a 4.65,) their ability to afford a home (4.83,) and their retirement savings (4.54.)
The good news is 37% of those surveyed said figuring out financial happiness is part of their plan in the coming year. If that's one of your goals too, check out the latest in our new 5 Things to Do series. These go-to guides are chock full of actionable guidance and tips:
| | | | | |  | | Here's why pandemic-era homebuyers are selling into a much different market today. (Yahoo Finance) | | | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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