Biggest uncontrollable costs in retirement is medical costs. You don't need to

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Jan 21, 2020
5:27:15pm

rcbyufan All-American

keep receipts for 30 years. You'll be able to use all the HSA in retirement.

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rcbyufan

Bio page: rcbyufan
Joined: Aug 18, 2010
Last login: Apr 30, 2024
Total posts: 31,675 (1,086 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.

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