02-26-2019, 10:54 AM
(02-26-2019, 09:44 AM)Evan Wrote:(02-26-2019, 07:58 AM)Kaan Wrote: we look at our HSA as a long term investment. yes we use it from time to time... but I increased my pre tax contributions and the "plan" is to keep it growing the best we can into retirement.
This. IMO the HSA is best thought of as a health 401k. You get to put in pre-tax dollars, and can make additional payments into it up to a an annual cap. If we were on a HDHP I would be contributing the max into it to keep my taxable income as low as possible.
Is there a long term benefit to contributing to the HSA as opposed to 401k/IRA/any other tax deferred vehicle? Is it tax free at withdrawal in the future if its used for medical expenses?
2005 S2000
2003 CBR 600rr
2003 CBR 600rr