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- Thread starter SoapyCy
- Start date
Fidelity is a great place to open an HSA. I keep enough in cash to get my family by for the year, and put the rest into mutual funds.
Vanguard hasn't really gotten into the HSA market.
WRT growth funds, I really like Franklin's Dynatech fund: FKDNX. 10 year returns of 18.5%
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Only in banana republics do you see markets like this one. I don't believe the US has ever experienced a K shaped recovery like this until now. Welcome to the new normal. Soon you will be using your stock dividends to buy milk and bread.
- Contributions to an HSA are tax deductible now, like a traditional IRA or 401k (pre-tax)
- Withdrawals are not taxed, like a Roth
- Earnings grow tax free and will never be taxed
A lot of FI people view the HSA as the third highest priority investment, after an emergency fund and your 401k with matching contributions from your employer.
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With Janet Yellen as Treasury Secretary, there will no longer be a need to even pretend the Fed is an independent body. There will be total coordination between fiscal policy and monetary policy. Again this is also common in so called republics like Cuba, Venezuela and Argentina. The market started to sniff that out in April.
I had hoped Biden would appoint Warren instead. I am kicking myself for even thinking that was possible.
I had hoped Biden would appoint Warren instead. I am kicking myself for even thinking that was possible.
The only thing that could change this is the Senate election in January. Markets are over Covid cases, but very bullish on the vaccine.
Should I max my HSA over FSA then? I'm almost 30 and healthy, same for mrs cyfan and baby cyfan. We don't anticipate having many medical expenses this year
This is creeping towards politics, let’s steer away please.
Never going to happen since MA has a (R) governor. He'd get to fill the seat with an (R) and in a close to split senate. Not gonna happen. I like the pick for stocks as stimulas is go-go juice to stonks
I don't bother with an FSA anymore. I can't tolerate their "use it or lose it" approach. Personally, I would only mess with an FSA if you are ineligible for an HSA, or you get some kind of employer match.
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FSA is good if you have a chronic condition and know you are going to use the money. For example, I have Diabetes, so I know I am going to use the money in an FSA. Additionally, because I have diabetes, I have found that a high deductible health plan doesn't benefit me as the coinsurance costs for my medication are more than what they would be for a co-pay plan.
In general, if you are a relatively health person, a HSA would be the way to go, due to being able to invest the money over long periods of time. I am trying to get my wife to open an HSA, but she's dragging her feet
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Probably a combo then at least until you can get a good amount in your HSA.
My advantage with a FSA is I set a huge number, and then you can reimburse after the expense, it also side steps FICA (both halves since I’m self employed) Right now I have a 25k limit and can get even basic OTC stuff since I oversee my own plan. So I never have the use it or lose it issue.
AAPL is still at a decent price imo. I’m not sure if I can hold out until it drops below $110.
- Jun 20, 2006
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Delta and Marriott are two that I would be going back into if I did. Tempted to throw some back in, but have other places for it now.
