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contributing to an HSA feels like a waste
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Date: February 26th, 2021 4:22 PM Author: apoplectic doctorate oh wow a glorified savings account that I can only use for "medical" purchases. basically "don't open until you're old and dying". also the account interfaces always have prole names like "PayFlex". (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014790) |
Date: February 26th, 2021 4:28 PM Author: irradiated burgundy preventive strike it's not that bad for familymos you can withdraw any time but there's a tax penalty if under 65 you can invest it once you have more than ~5k iirc |
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Date: February 26th, 2021 8:48 PM Author: alcoholic canary faggot firefighter institution There’s no penalty if you spend it on medical/health, which you eventually will do. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016222) |
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Date: February 26th, 2021 4:29 PM Author: Citrine Histrionic Love Of Her Life An HSA is triple tax advantaged, it's better than a 401k or IRA. And you can pull from it tax free for non-medical expenses after age 65 without penalty (just regular tax). The trick is to max HSA, pay medical expenses out of post tax money but save the scanned receipts so that you can withdraw whenever you need money later while it grows tax free. There's no rule against filing a receipt and withdrawing 20 years later. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014825) |
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Date: February 26th, 2021 4:33 PM Author: apoplectic doctorate the yearly contribution limit is like 5K, seems gay. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014841) |
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Date: February 26th, 2021 4:36 PM Author: Citrine Histrionic Love Of Her Life Everything is gay. It's like 4k for singlemos but if you're saving that money for retirement anyway, why not do it in an extra tax advantaged account? 4k a year of pre-tax money growing tax free for 30 years makes a difference. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014860) |
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Date: February 26th, 2021 4:37 PM Author: Balding philosopher-king newt saving receipts seems like a huge pain in the ass. it's sps that can't put HSA money towards your employer provided insurance premiums (not copays) (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014869) |
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Date: February 26th, 2021 4:39 PM Author: Citrine Histrionic Love Of Her Life Then skip the receipts, it's still like making the 410k limit higher by 4000. You will have Healthcare expenses when you're an oldmo.
Yes that's sps. Welcum 2 America. |
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Date: February 26th, 2021 4:41 PM Author: Balding philosopher-king newt yes i think at my job you have to get the health insurance to be eligible but i'm on my wife's plan so fuck me i guess (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014883) |
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Date: February 26th, 2021 4:44 PM Author: Citrine Histrionic Love Of Her Life HSA only works with high deductible health insurance whether it's yours or your wife's. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014901) |
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Date: February 26th, 2021 4:44 PM Author: Balding philosopher-king newt yeah we don't have that because we have kids and the other plans aren't that expensive (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014905) |
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Date: February 26th, 2021 4:46 PM Author: Citrine Histrionic Love Of Her Life Kidmos furked (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014925) |
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Date: February 26th, 2021 5:12 PM Author: ivory marvelous den sneaky criminal (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015089) |
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Date: February 27th, 2021 12:48 AM Author: contagious set trump supporter LJL @ this, just like with everything else on your tax return you only need backup if the IRS actually audits you, which is very unlikely. What's more, if you're filing for something from 20 years ago, just pick a medical practice you actually patronized that no longer exists and mock up your own receipt for whatever you need (they email you receipts anyway you can just edit and make your own). From the IRS's perspective this is petty cash, they're not going to go full Mulder on proving you didn't really get an expensive test 20 years ago. And even if they want to, what are they going to do, hunt down the medical receptionist from 20 years ago and have her reveal the secrets of their billing system? (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017383) |
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Date: February 26th, 2021 4:35 PM Author: puce soggy church Can you use an HSA to pay for supplemental medical insurance? (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014855) |
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Date: February 26th, 2021 4:38 PM Author: Citrine Histrionic Love Of Her Life No. Well, yes you can use it for anything, but that doesn't count as an eligible expense to make it tax free. Since you'll be over 65 there won't be an additional penalty, so you've benefited from a really long tax deferral and had growth on pretax money. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014872) |
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Date: February 26th, 2021 4:37 PM Author: pontificating buff casino You will anyway have medical expenses in old age. Might as well put aside a little for it.
Delayed gratification etc. |
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Date: February 26th, 2021 8:46 PM Author: Learning disabled mother I'll never make it to old age. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016205) |
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Date: February 26th, 2021 4:39 PM Author: insane school can u use it for medical tourism? that'd be 180 (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014876) |
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Date: February 26th, 2021 4:45 PM Author: Citrine Histrionic Love Of Her Life Yes. Inclusing travel costs if it's a true medical trip. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42014917) |
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Date: February 26th, 2021 10:03 PM Author: azure splenetic box office wtf BIDNESS class tickets on LOOFTHANSA to visit a chiropractor in Munich (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016663) |
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Date: February 26th, 2021 11:35 PM Author: Sinister zombie-like kitchen patrolman (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017045) |
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Date: February 27th, 2021 2:46 AM Author: metal ticket booth You mean massage therapy in Thailand (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017572) |
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Date: February 27th, 2021 2:48 AM Author: chrome tantric macaca gas station "visit a chiropractor in Munich"
wtf, are you spying on me? Lol
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Date: February 26th, 2021 5:01 PM Author: brindle address It’s literally the best tax advantaged account there is and if you’re not making it every year you’re doing it wrong (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015018) |
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Date: February 26th, 2021 5:02 PM Author: pontificating buff casino When you leave the job, can you rollover into another HSA? (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015024) |
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Date: February 26th, 2021 5:57 PM Author: heady transparent place of business It’s your account. Unless your employer is making contributions to your HSA account you don’t need to use your work’s HSA account custodian. Just open an HSA account with whatever broker you usually use. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015317) |
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Date: February 26th, 2021 5:19 PM Author: Wild electric field This is only if you have a high deductible health plan, right? (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015148) |
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Date: February 26th, 2021 5:57 PM Author: heady transparent place of business Yes, the plan will specify whether it’s HSA-eligible. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015319) |
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Date: February 26th, 2021 5:58 PM Author: apoplectic doctorate I've never opted for anything else. high deductible + HSA. but I'm single and never go to "the doctor". (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42015326) |
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Date: February 26th, 2021 8:50 PM Author: alcoholic canary faggot firefighter institution After a few years it starts to really compound. It just seems like a waste when you’re 26, make $180k, and never use it. When you have a million buck medical fund you’ll be balling out of control at Cedars Sinai. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016235) |
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Date: February 26th, 2021 9:26 PM Author: Spectacular Base you're not listening...
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Date: February 26th, 2021 8:51 PM Author: Charismatic Overrated Home Think about how ridiculous an FSA is. Oh, put money in a savings account that you can only use for medical expenses. Oh, and if you don’t use it in 12 months bc you are healthy , then FUCK YOU, your employer keeps it (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016241) |
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Date: February 26th, 2021 8:51 PM Author: apoplectic doctorate yeah i never understood why anyone would choose an FSA. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016244) |
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Date: February 26th, 2021 8:54 PM Author: Charismatic Overrated Home Because you can’t choose it. You can only get an HSA if your employer has a high deductible insurance policy. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016260) |
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Date: February 26th, 2021 9:22 PM Author: Titillating adulterous parlour messiness why does america have all of these stupid tax accounts that you have to spend hours plotting and planning over. insane that your employer doesnt just send your income to the irs and you get the tax bill in the mail, without allowing any harebrained schemes to avoid it (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016384) |
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Date: February 26th, 2021 9:27 PM Author: Spectacular Base because our government wants to control us (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016410) |
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Date: February 26th, 2021 9:33 PM Author: insane school (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016448) |
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Date: February 26th, 2021 9:39 PM Author: Titillating adulterous parlour messiness that's exactly what it is, control people's behavior through monetary incentives. it's awful. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016497) |
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Date: February 26th, 2021 9:53 PM Author: insane school just giving people a "nudge" to do the right thing hehe ;-) (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42016598) |
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Date: February 27th, 2021 2:47 AM Author: metal ticket booth (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017575) |
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Date: February 26th, 2021 11:39 PM Author: Wonderful business firm Reduces taxable income man (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017058) |
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Date: February 26th, 2021 11:39 PM Author: supple fantasy-prone old irish cottage heaven I dont have a high deductible plan, can i still get one? (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017060) |
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Date: February 26th, 2021 11:41 PM Author: apoplectic doctorate No (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017075) |
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Date: February 27th, 2021 12:01 AM Author: supple fantasy-prone old irish cottage heaven What a dumb thread then (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017176) |
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Date: February 27th, 2021 1:58 AM Author: azure splenetic box office (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017517) |
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Date: February 27th, 2021 2:38 AM Author: chrome tantric macaca gas station Just pay people enough salary so they can buy health care. Fuckin-a this special health care pampering nonsense is totally out of control in America (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017565) |
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Date: February 27th, 2021 2:48 AM Author: metal ticket booth Why buy healthcare? This is literally only a US thing. Sure if you’re rich as fuck it’s great, but uh everyone else (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017579) |
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Date: February 27th, 2021 3:23 AM Author: chrome tantric macaca gas station TIL doctors, nurses, hospital construction staff, and medical supply manufacturers are slave automatons who spring from Zeus's forehead (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017591) |
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Date: February 27th, 2021 9:48 AM Author: Talented International Law Enforcement Agency Theatre It's going to get confiscated for reparations. (http://www.autoadmit.com/thread.php?thread_id=4775260&forum_id=2#42017885) |
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Date: February 27th, 2021 9:53 AM Author: Spectacular Base Gen X olds in 20 years
HANDS OFF MY TAX ADVANTAGED SAVINGS ACCOUNTS! |