MAX OUT YOUR HSA (if you have one).
Since I started out of college (debt free luckily) I have been pretty much contributing to my 401k at least a bit, maxing out last few years….all fine and dandy. Now I’m making some good $ and thinking I can keep maxing it then I get more interested in retirement so I do reading instead of putting my head down and maxing my 401k and not thinking twice and just letting this hsa account sit there…
Your HSA account (after 65) works EXACTLY like your 401k does, but better…no required distribution minimums so you arent left trying to figure out how much to take out to stay in a low tax bracket, you can use the balances in the account to pay medical expenses ANY TIME YOU WANT, then if you’re lucky enough to pay medical expenses out of pocket you can go in and reimburse yourself for decades worth of medical expenses. Amazing and hardly ever talked about!
Submitted September 12, 2021 at 10:14PM by DoeJumars https://ift.tt/3lkfUEZ
