By understanding the potential tax advantages of using an HSA, individuals can better prepare for health care costs in both the short and long term.

"The National Strategy for Financial Inclusion" report leans heavily on the Treasury working to implement SECURE 2.0 provisions, such as Saver's Match, emergency savings programs and auto-enrollment.

While the Democratic candidate withdrew $135,000, the average amount people withdrew from their retirement accounts was $15,000 – and less than half (43%) have paid it back, according to a FinanceBuzz survey.