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Jan 21, 2020
4:27
:20
pm
cambo
All-American
Can you just pay your standard medical bills out of your savings accounts?
Rather than your HSA? Only use HSA money in case of a complete emergency.
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cambo
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cambo
Joined
Jun 11, 2002
Last login
May 5, 2024
Total posts
16,210 (45 FO)
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Messages
Author
Time
Strategy to max out HSA for retirment
Kid_A
1/21/20 4:22pm
If you want to invest through your HSA for the long term, then do it. Don’t pay for current medical expenses with it. Do
cheezedawg
1/21/20 4:26pm
Can you just pay your standard medical bills out of your savings accounts?
cambo
1/21/20 4:27pm
Yep.
HuskerFan2
1/21/20 4:29pm
Sounds like I'm overthinking/over complicating it
Kid_A
1/21/20 4:41pm
How about for small things that your budget can afford, you pay out of pocket.
TheLoneCougar
1/21/20 4:28pm
I do the opposite. I don't want to have to keep track of $5 or $25 charges so
Broda
1/21/20 5:04pm
Here is a cool article on the triple tax advantage of the HSA:
TheLoneCougar
1/21/20 4:30pm
Man that’s a lot of work to keep track of medical receipts for 30+ years and then still have to pay tax on
Mike Honcho
1/21/20 4:56pm
<< Deleted >>
Buffalo
1/21/20 5:19pm
Biggest uncontrollable costs in retirement is medical costs. You don't need to
rcbyufan
1/21/20 5:27pm
If I have surgery when I’m 30 and can pay for it out of pocket, I’d need to keep that receipt for ~30 years if I wanted
Mike Honcho
1/21/20 5:38pm
What you are building up your retirement accounts for? I'm doing it to spend
rcbyufan
1/21/20 5:49pm
Alternative is to take the reimbursement before you hit 65 and either spend it or convert it into a ROTH.
TheLoneCougar
1/22/20 11:44am
Late in the game, I just started doing this in 2018.
Florwood
1/21/20 5:01pm
In addition to the above many HSA providers let you invest your contributions.
mottman
1/21/20 5:33pm
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