Mr. Toobin, please don’t blame zoom for your situation.
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- Thread starter SoapyCy
- Start date
Mr. Toobin, please don’t blame zoom for your situation.
Them getting into SP500 has them rocketing.
Another good EV to watch is WKHS. If you don't know much about them, give them a look. They are bidding for the USPS postal service contract to manufacture its next generation of delivery trucks. The contract is worth 8.1 billion and they are the favorite. If they win it, look to see their stock rise from 21-22 (currently as of 11/18/202) to perhaps peak at $100 of higher. I would imagine it then drops down to roughly 60-70.
Yeah, would be nice if they keep going. Don’t have a strong position, but I would appreciate a few bucks.
I just choose 100% S&P 500 index fund. Not real exciting but it makes it 100% hands off.
That’s what I was thinking. VOO specifically.
I would only be able to get like 11 shares for $3600, and collect ~$14 in dividends.
What Brokerage do you fund your HSA through and what S&P index fund do you use?
I wouldn’t. I use my HSA as an investment account and don’t plan on touching it until retirement. The beauty of compounding pre-tax!!!
My HSA is through BenefitWallet. Not a lot of investment options, so I just went 100% S&P500 as well. VITSX is the one I am using.
I prefer Roth’s but that is a discussion for later, but why wouldn’t you just put it in an IRA or 401k?
No. I plan to use it strictly as an investment vehicle while I’m young and healthy.
Ok, was going to mention that I would go somewhat conservative if you plan to take anything out.
1. Not taxed coming out of your paycheck
2. Earnings grow tax free
3. Tax free withdrawals for medical expenses.
Can't get better really.
As I understand it (feel free to correct me if I’m wrong):
1. All contributions are tax free
2. All growth is tax free
3. All qualified health expenses are tax free
Oh ok, I’ve always just seen it as double savings, since you don’t pay tax on the contributions or non earnings. Just a different way to look at it. I run a flex with my company to cover everything so it renders my HSA sorts useless unless I wanted to save for LTC.
I don't use mine either but I have a feeling that when it comes time to retire, it will be VERY easy to find ways to spend this money.
Bridge to medicare until you turn 65
Long term care
Medicare premiums
etc.
