Reply to What's your ideal target for an HSA?

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Reply to "What's your ideal target for an HSA?"

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[quote=Anonymous][quote=Anonymous]The HSA is extremely powerful. Do not ever cash it out for medical expenses in real time. [b]Cash flow them if you can, and save receipts and let your HSA money pile grow.[/b] You can “pay” yourself back in 30 years. The people that “use” it are either poor (understandable) or have no clue

I do my more aggressive investing (QQQ, individual stocks) in my HSA[/quote]

No, I’m not keeping my receipts for 30 years - that’s ridiculous.

HSAs are fine.  I do max mine out, but I use it for any out-of-pocket medical expenses.  I put my aggressive investments in a Roth IRA, which is a better account than the HSA.  It’s like if there were this wonderfully tax-advantaged account, but the advantages only hold if you use the money for groceries—that makes it, by definition, not an optimal account.

More importantly, ALL retirement accounts are overrated. I focused on building up my brokerage account and paying off my house. That will allow me to retire in a couple of years at age 45.[/quote]

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