Reply to How much did you save for retirement in 2022?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Around $100,000 in 401k, megaroth, Roth, [b]hsa, iBonds. [/b]Nevertheless, we’re down for the year.[/quote]

Reading comprehension failure. [/quote]

Wrong. YOU don’t know how the rich use HSAs (which is a tax advantaged retirement account). You can use it for ANYTHING after age 62 and will only be taxed like a traditional IRA. Simpletons use HSAs for actual health care costs as they use them. The very rich (or at least the savvy) use it as a retirement planning tool.

[/quote]

Still wrong. Paying off a mortgage may or may not be a retirement planning tool but it has nothing to do with saving for retirement. Fail ^^[/quote]

Ibonds. 😂[/quote]

I’m the PP who posted about HSA and iBonds for retirement. I don’t plan to withdraw the triple tax free HSA until I’m retired so I count that as retirement savings. I also don’t plan to withdraw iBonds until retirement and those are tax deferred until you withdraw as well as state tax free. I don’t think I failed to comprehend.[/quote]

you fail to differentiate the difference bw retirement savings and savings. [/quote]

What’s the difference really? If there is some tax advantage or if it’s specifically a “retirement” account? PP could just save extra in the brokerage account and call it retirement savings too.[/quote]

Because I don’t think that’s the intent of the post. Sure, I could save anything, acquire anything, do anything to avoid taxes, or pay anything off as part of my overall savings and investment ideas but that’s not what OP seems to mean when she asks about saving for retirement. Otherwise, why not just ask what was saved this year? Or saved for retirement, even if not in traditional retirement vehicles. [/quote]

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