A savings account is usually for emergencies, but here's when tapping it is actually the smartest financial move you can make.

The program was authorized under Trump’s tax and spending law and is open to households of any income with qualifying children.

With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, Insider and the Los Angeles Times, and he's been..

HSAs appear preferable to other tax-advantaged savings vehicles, especially for investors expecting out-of-pocket healthcare expenses. Even in a worst-case scenario—using HSA funds for non-healthcare expenses—the HSA is at least as good as a traditional tax-deferred 401 (k) or IRA.

Paired with high-deductible health care plans, health savings accounts help ease health care costs. The accounts are a triple tax-advantaged vehicle in the tax code, allowing for pretax contributions,

A kind of retirement account for children, Trump Accounts are designed to encourage parents to save and invest with a slight boost from the federal government. Each account includes a $1,000 government contribution for eligible children: U.S. citizens born between January 2025 and the end of 2028.