To those who have an HSA and who are able to cap the contributions each year, what account balance would you need in order to not cap the contributions, or to no longer contribute at all? Just to clarify, these dollars are triple tax free, which is beautiful, but can only be spent on qualified medical expenses, so theoretically there’s some point where continuing to contribute toward it or capping the contributions may not make sense

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I would max it out every year. Not sure what you mean by able to cap the contribution. There is no balance that would be so high that I would not contribute to it

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Inheriting it is not ideal to anyone other than a spouse since the HSA would close and the entire amount would be taxable that year.

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Medical care gets realllllly expensive in old age and when you don’t have employer sponsored insurance. It’s only $3.5k a year, no reason not to keep contributing. Worst case you save all your medical receipts now when you’re working and can pay out of pocket and then you start reimbursing yourself in retirement

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Echoing the others....

Keep the receipts. Pay for medical stuff out of pocket now, collect on it years and decades later. No balance is too high since it can cover family medical expenses too.

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I use a google sheet with a folder of receipt PDFs :)

Once you reach age 65 you can withdraw for non medical related expenses like a traditional 401k. So I'd keep contributing indefinitely

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Related Posts

How many years did it take before you could pay off all your med school loans? I'm starting to feel like it won't even be possible.

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1) asset protection. We’d hope the trust would hold assets such as our house, cars, etc.
2) use it as a vehicle to pass onto our future kids, for whenever we die.

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I am planning to fund ($1 M using a loan) a reputed builder who is making custom sustainable homes and looking for a reliable lender with presence (office) in Georgia but operating nationwide. The builder will put 20% down.

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I’ll venmo you $20 if you can find a typo in my portfolio. (Link in comments.)

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Hi all,

Does barclays allows change of pf amount or any other allowance change according to tax benefit

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What platform do you guys use to invest in fractional shares? Motif, Stockpile etc

Thanks

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Make $80k a year, pay $1,440 for rent, haven’t grown my savings in 2 years. Is it me, or Sf?

Hi all. Looking for advice. I’m trying to decide between 2 job offers (same salary) but different positions. One is a study director (essentially a project manager for a medical device company) and the other is in Quality Assurance (medical device company as well). Study director position company is slightly smaller but growing. I really want growth possibilities and a good career future. Any advice?

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My state says they are extending credit on a case by case basis... has anyone tried to extend their credit with success? And if so can you share your experience?

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I’m at a crossroads, thinking about either selling my condo and using the equity + some cash for a down payment on a house. Or using the cash to invest in a rental property in a lower cost of living area with the sole intent to build equity & sell when I retire. Leaning on rental property but seeking advice... cont’d

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Getting ready for a new life adventure in some other city or country. Have a great house in an extremely desirable city. We should probably rent it, gain a little monthly cash, and let the asset grow even more. But part of me says just sell it while it’s high now, and go forth and not have to worry about renters and things breaking etc. Just move on and buy something when we settle. house is paid for. Thoughts?

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In 2018, I for some reason bought ABML at .14 cents a share. 300 shares. I think I’ll keep riding this wave but should I cash that out ?

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Does anyone know how does the supplemental income work for new CAs?

What are some of the investing must-reads that you'd recommend?

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Due date for filing IT returns is tomorrow.

DM me if you want a CA's advise and assistance in filing Income Tax returns.

~Nominal charges involved

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If you knew a lawyer at your firm had 500 cases on their docket and no assistance, would you have an ethical duty to report?

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I've decided to do a podcast on managing attorneys and how associates can handle some crazy situations at work. Any topics you all can think of that would be beneficial? I come from a management background and started off in the corporate world prior to joining a firm. Probably dong have all the clout to get partners to tune in but looking to help associates with things.

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Do you wear your heels to happy hour?

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Question for any external recruiters.

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Not sure why TCS even conducts multiple technical rounds and rejecting candidates after submitting all the required documents saying your salary expectations are too high for our pay grades. Rather than why cannot they specify the salary bracket that they have been looking for clearly even before HR schedules the interview. Atleast candidates can decide if they want to go through all this process and ending up with no offer which will have an impact on morale.

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Is Cognizant offering permanent WFH option for new joiners?

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What is the BI tool used in J.p. Morgan? Any BI analysts here can confirm?

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helloooo from the other side!!!

likeuplifting

This is a great idea.

likeuplifting

What’s everyone reading this weekend?

Post Photo
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The whole book is just an exercise in wholesomeness. The book reads like a script and no wonder it's getting adapted on the big screen with Tom Hanks playing the titular character.

Post Photo
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Hi Folks, Have got an offer with credit suisse pune for the post of ENO.

Need few answers so please help me if you are aware.

1) When will i get my joining dates informed. I have a date mentioned in my offer letter. And status on portal is showing Onboarding.

2) What are the components of flexible benefits.

3) I am from big data testing domain, has yoe 2.11 years. What challenges i may encounter coming from testing background in IB domain.

4)current 7.5, newCTC 18 is it fairly compensated?

Wow - South Korea's latest positive rate down to ~0.2%, meanwhile ours is 20% in some places!

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Switching jobs and am getting 250k RSUs (25% vested each year over 4 years) the stock seems to be doing good (40% growth over the past year) should I keep them all or sell some and put in ETFs or index funds? Or something else?

Financial situation: Planning on purchasing a house in 2022. I don't have major debt just a car payment of 20k. Make about 220k per year. 30k in bank 12k in Robinhood and 33k in 401k. age 38 have a 4YO and no other savings.

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Was discharged from the military in my first year due to a dislocated shoulder… life sucks sometimes!

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Additional Posts in Personal Investment Chatter

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Young person new to finance here. How do you prepare your finances and your life for a recession/market crash? What are the safe and unsafe investments? Not asking for specific reasons, just for knowledge. Thanks.

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I am not much of an investment pro so please go east on me.
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Single mom, MCOL, senior manager.

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Are you allow to trade SPY options if you’re required to have pre-clearance for stock trades? ETFs are allowed so SPY or similar options should be?

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For people who have stopped holding USDC in Voyager. What other apps can be used to hold USDC to get a higher APY?

funny

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Which airline stocks you would smash. Which one you will buy. Is boing good buy now

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Let’s say you have two young, high income partners in a couple who want to buy a house together but don’t really care to get married. They already live together in an apartment but both want to move to a house to build equity and have a yard, not share walls, etc. Should one partner buy the house and the other pays rent until they get married, or should they get a mortgage together without being married? I realize there isn’t a “right” answer but I’m interested in people’s experiences here.

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