How Do I Use My HSA As A Retirement Account?

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Title	:	How Do I Use My HSA As A Retirement Account?
Lasting	:	2.57
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Views	:	41 rb

Why would you pay out of pocket when you could save 12, 22, 24, or more on the expense? That's an automatic return no matter what the market is doing
Comment from : Brace yourselves for truth

Why would you pick mutual funds over index funds? I see no reason to be charged a percentage per year to "manage" my investments while also getting taxed after the fact via deferred taxes when you take the funds out Sound like you're getting f'd twice What am i missing here?
Comment from : Stoic Guac

If you are not using the money why is it a good investment?
Comment from : John Webb

Watch health equity fees people!!
Comment from : Rajvo7

I finally after 5 years just hit $10,000 in my HSA Seems like it took forever to save the first $10K
Comment from : DTR

I do this every year with no problems I would suggest checking with whatever brokerage you use normally I use fidelity and can transfer my HSA balance of my work plan to them Just keep in mind that the money you transfer counts towards your contribution limits One thing I don't understand is I don't get the specific HSA year end report till may but your brokerage should be keeping the HSA contributing indicated on their end of year report so I just use that for my end of year deductions
Comment from : TIB1973

Do you guys have a podcast?
Comment from : DeaRich art

Can a singel owner of an LLC COMPANY invest in HSA? If yes, how?
Comment from : hershey bhatt

Fidelity has much lower fees
Comment from : L Fox

What wasn't mentioned is that if you have an HSA and you pay medical expenses out of your pocket and do not reimburse yourself from the HSA, you can keep the records of those expenses you paid and reimburse yourself years, decades later without any consequences so long as you did not get a tax deduction from those medical expensesbrbrExample, in 2005, 2006, 2007 & 2008 John incurs $500 in out-of-pocket medical expenses each year, but elects not to reimburse himself from his HSA and to let the money grow The $500 is not enough to give him any tax break when itemizing John retires at 65 in 2020 He has no medical expenses but needs some extra money that year He can now reimburse himself the $2,000 he did not previously reimburse himself There is no time limit as to when the reimbursement can be doneso long as you had an HSA BEFORE you incurred the expenses
Comment from : Tom M

I would like to start an HDHP with an HSA I’m just confused on how to get it all started Do I have to wait for open enrollment? Grrr so many questions and already wasted years have passed
Comment from : Yellow Train

You will just have to pay a fee Should be like $25
Comment from : AR

So I pay for my medical out-of-pocket and I keep the money growing in the HSA is that right ?
Comment from : you know with Marty Kauffman

I had a lot of money in my HSA before I retired and I talked to my money managers for their advice because I found out I could move it to a brokerage account Their advice to me was to put it in a ETF Best move I ever made The account pays for all my yearly medical out of pocket and is growing, growing, growing Now that I am retired, the account gives me much peace of mind because I have plenty of money to pay for all my medical I highly recommend HSA accounts
Comment from : Elizabeth Page

We have the same HSA company as well, this is my second year doing the HSA, my only regret is we didn't do it sooner Maxed it out last year, and will going forward
Comment from : Chris David Dunn

Glad I watch this show, you learn something new all the time
Comment from : Ilovecats

done anyone know the song name in the end of this video please tell us please and thank you
Comment from : KoLDBLooDeD Entertainment

His HSA plan should already have an investment portion, he can just roll it into that There is no need to go to a different company to invest
Comment from : dec1slh

A bit tone deaf, the caller is getting $400/year HSA contribution from the employer He’s not making bank A high paying job will contribute atleast 2k/year brbrHe may not have a choice but to use HSA for its intended purposes
Comment from : Edith