Webr/Bogleheads• by czykr 15% in 401k +14% employer contribution, max out roth ira (all VTWAX) and save/invest $770 every two weeks in a taxable account ($400 in VTWAX, $370 savings) Hey y’all, 22 years old taking advantage of my living situation. I make roughly 60k a year, work for a good company. WebHSA distributions (money taken from an HSA account) are nontaxable, but single if the cash is exploited toward pay for qualified medical expenses. Recordkeeping Requirements. Good recordkeeping umgeht future tax headaches. Essentially, each money that come outward to your HSA should have a receipt demonstrate it was for and eligible medical expend.

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WebDear Bogleheads, Have any of you used your HSA for non health related expenses after reaching retirement age? I’m 35 now, and pretty much max out my HSA each year. If I’m … dr jessica watson bangor

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Web15 dec. 2024 · On top of that triple tax advantage, your HSA contributions can lower your tax bill by reducing your taxable income. For example, if you put $2,000 into an HSA in a year, you lower your taxable income by $2,000. 3. You own your HSA and it rolls over each year. What happens to the money in your HSA if you don’t use it all at the end of the year? WebDear Bogleheads, Have any of you used your HSA for non health related expenses after reaching retirement age? I’m 35 now, and pretty much max out my HSA each year. If I’m in good health in my retirement years, will treat my HSA like a traditional IRA account. (Once there are no longer penalties for withdrawing funds for non medical expenses) WebIn general HSA plans are bar none the best retirement accounts, contributions in most sane jurisdictions are tax deductible going in and aren't taxed coming out as long as you have enough medical bills to cover, Even if you don't it's essentially treated like a traditional 401k. Are you planning on eventually moving to a better state? ramoneska.pl