AFlaccoSeagulls Posted May 17, 2018 Share Posted May 17, 2018 Is this savings you have access to or retirement? If it's savings you have access to, there's no way I'm hitting that. If it's retirement - between my HSA and 401(k) I'm going to easily hit that mark in 9 years. I did the math and I'll be at 5x my current salary by then. Link to comment Share on other sites More sharing options...
Kiwibrown Posted May 17, 2018 Share Posted May 17, 2018 Im 32 and i could retire right now and live off my savings. for about 3 weeks. Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted May 18, 2018 Share Posted May 18, 2018 18 hours ago, Darth Pees said: Is this savings you have access to or retirement? If it's savings you have access to, there's no way I'm hitting that. If it's retirement - between my HSA and 401(k) I'm going to easily hit that mark in 9 years. I did the math and I'll be at 5x my current salary by then. This post legitimately made my day. We had talked about an HSA a few months ago, and now you've got one. Link to comment Share on other sites More sharing options...
AFlaccoSeagulls Posted May 18, 2018 Share Posted May 18, 2018 2 hours ago, ramssuperbowl99 said: This post legitimately made my day. We had talked about an HSA a few months ago, and now you've got one. Oh yeah, I wasn't lying. I think I had the entire thing set up that day after we all discussed it. Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted May 18, 2018 Share Posted May 18, 2018 3 hours ago, Darth Pees said: Oh yeah, I wasn't lying. I think I had the entire thing set up that day after we all discussed it. Lol I remember that conversation, good for you man. It’s a no brainer. Link to comment Share on other sites More sharing options...
Incarcerated_Scarface Posted May 18, 2018 Share Posted May 18, 2018 28 minutes ago, LETSGOBROWNIES said: Lol I remember that conversation, good for you man. It’s a no brainer. What's an HSA? Link to comment Share on other sites More sharing options...
AFlaccoSeagulls Posted May 18, 2018 Share Posted May 18, 2018 4 minutes ago, steadypimpin said: What's an HSA? Health Savings Account Link to comment Share on other sites More sharing options...
cddolphin Posted May 18, 2018 Share Posted May 18, 2018 13 minutes ago, steadypimpin said: What's an HSA? Horribe Stinky AIDS Link to comment Share on other sites More sharing options...
ET80 Posted May 18, 2018 Share Posted May 18, 2018 47 minutes ago, steadypimpin said: What's an HSA? @ramssuperbowl99, call on line 2. Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted May 18, 2018 Share Posted May 18, 2018 2 hours ago, steadypimpin said: What's an HSA? https://www.bogleheads.org/wiki/Health_savings_account They're amazing. Potential retirement account money that you can invest for years and never pay taxes on it. Link to comment Share on other sites More sharing options...
Incarcerated_Scarface Posted May 18, 2018 Share Posted May 18, 2018 What if my company reimburses me for medical expenses? Can I still open one or should my wife do one in her name? What kind of return do you average on one of those? Link to comment Share on other sites More sharing options...
Malfatron Posted May 18, 2018 Share Posted May 18, 2018 i dont plan on being alive upon retirement, but if by some chance i am, im going to give squalor a try Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted May 18, 2018 Share Posted May 18, 2018 3 minutes ago, steadypimpin said: What if my company reimburses me for medical expenses? Can I still open one or should my wife do one in her name? What kind of return do you average on one of those? You need to have a HDHP, and presuming that you and your wife are on the same plan, you'll either both be eligible or neither of you will be. Check the link for the specifics on what constitutes an HDHP. If your company reimburses expenses, you won't be able to use those receipts for qualified withdrawals. But you'd still be able to contribute and let it grow over time. Link to comment Share on other sites More sharing options...
ET80 Posted May 18, 2018 Share Posted May 18, 2018 2 hours ago, MathMan said: i dont plan on being alive upon retirement, but if by some chance i am, im going to give squalor a try May I suggest a gereatric crime spree? Robbing a bank is bad, but a 65 year old robbing a bank is kinda funny. Link to comment Share on other sites More sharing options...
Malfatron Posted May 18, 2018 Share Posted May 18, 2018 14 minutes ago, EliteTexan80 said: May I suggest a gereatric crime spree? Robbing a bank is bad, but a 65 year old robbing a bank is kinda funny. sure, ill be the Michael Gross ala Tremors guy. Link to comment Share on other sites More sharing options...
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