BACKNEXT

Where should I put my health care savings?

First, max out on any and all tax-deferred retirement savings plans for which you're eligible, such as 401(k)s or IRAs. The standard annual maximum contribution to a 401(k) is $16,500 in 2010. But if you are at least 50 years old, you can turbocharge your account by adding $5,500, so your 2010 maximum will be $22,000. The same idea applies with IRAs. The standard maximum annual contribution is $5,000 in 2010. If you are at least 50 years old you can stash away an extra $1,000 a year for a max of $6,000 in 2010.

Do it. And make sure you check back with your benefits office every fall; the annual contribution limits are set by the federal government and adjusted for inflation.

Once you have stuffed your tax-deferred accounts to their annual limits, consider adding a Health Savings Account (HSA) to your investing lineup.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.