🌱 HSA Research
- money can go in tax free
- it can grow tax free
- you can pay medical stuff tax free
Is this company specific, or can I set this up in Vanguard?
How do I confirm the money goes in tax free?
I’ve seen mention of paying yourself back in the future from the account on medical stuff.
Average a person will spend ~$300,000 in medical care during retirement.
Max his annual contribution out for HSA each year and try to pay medical expenses out of pocket to allow this money to grow as much as possible tax free. Pay yourself back later on the account from medical expenses you pay out of pocket.
All this is still unknown to me and will take more research before I can decide if it is for me.