Reply to Family of 5, appx $300K HHI - would you do anything different?

Forum Index » Money and Finances

Reply to "Family of 5, appx $300K HHI - would you do anything different? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Here are two concrete things that have happened.

1) oldest kid got asked his intention for an activity  for next year and he asked me what I thought and I said - well let’s talk realistically about your schedule next year. Are you going to move to swim 5 days a week (his only option next year at his current club) and he said no, he’d rather switch to a cheap summer pool 1 day a week winter option.

2) I decided to learn my various login / passwords starting with one account a day. 3 codes and 1 password change later I logged into some savings account that had 2 retirement accounts and a health savings account with $1000. [b]And I said to my husband - what is this health savings account and he said - we can call the bank and find out how we can spend that on healthcare expenses.[/b] And I said yes, let’s do that.

I could tell you the retirement account total there but I know that’s not the end of the retirement money question. We have more accounts somewhere. [/quote]

You get a debit card to that account and you pay your qualified health expenses (provider bills, prescriptions, etc.) from that account. The money goes into that account before taxes, and it is not taxed when you pay it out. So it’s like a 25% or so discount on all your health costs.

What do you two do for your jobs, honestly?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics