Tuesday, May 14, 2024

HSA Advantages

HSA: Health savings account, or Health investment account, or Health retirement account

  • Triple tax advantage (contribute, grow, withdraw all tax free)
  • Invest HSA money (for future growth)
  • Carry-over (HSA account belongs to you and no expiration like FSA)
  • Tax free withdraw for medical expenses
  • Penalty free 65+ use funds on anything (Use HSA for anything after 65 years old)
  • Use the receipt loophole (Don't use HSA for medical expenses when you are young, you can reimburse yourself for past medical expense after retirement)
  • You cannot contribute HSA when take medicare (Medicare at 65, no more HSA contribution)

17 books for financial learnings (4 stages)

the alchemist
think and grow rich
atomic habits
money master the game

the 4 hours workweek
influence the psychology of persuasion
confessions of an advertising man
the never split the difference
the lean startup
how to win friends and influence people
the 48 laws of power
the personal MBA

the intelligent investor
reality transurfing

the creature from Jekyll Island
the house of morgan