5. Fund your health savings account.
Health savings accounts are paired with a high-deductible health plan. They provide tax-free growth and tax-free distributions, provided that the money is being used for qualified medical expenses.
The annual contribution limit for 2013 is $3,250 for self-only coverage and $6,450 for those with family coverage. The deadline for making those additions for the 2013 tax year is April 15.
“It’s the best because money goes in pretax and comes out tax-free,” Mr. Bourdon said. “That’s something the traditional and Roth IRAs don’t do.”