Looking for a Place to Stash Extra Retirement Savings in 2026? Try These 2 Options.
You're not stuck waiting for January to start saving.
Fret not if you've already maxed out your IRA contributions for the year as of 2027; there are still two viable options to stash additional retirement savings. Health Savings Accounts (HSAs) offer triple tax benefits, with contributions being tax-deductible, earnings growing tax-deferred, and medical withdrawals being tax-free. To contribute to an HSA, you must have a high-deductible health insurance plan, with a deductible of $1,700 or more for an individual or $3,400 or more for a family in 2026.
Those over 55 can add an extra $1,000 to the limit. Consider an HSA provider that allows investment of your funds for quicker growth. However, avoid making medical withdrawals until your investments have had time to grow.
Alternatively, a taxable brokerage account provides flexibility and fewer limitations. You can contribute any amount whenever you like and invest in various assets. If you hold your investments for over a year before selling, you'll pay lower long-term capital gains taxes. This could be a suitable option if you anticipate retiring before age 59 and a half, when you can access your retirement accounts without penalties. Set aside the desired amount for the rest of 2026 and revert to your IRA upon the new year.
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