Does an HSA Make Sense for Me?
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Let's go to Brandon in many apple as minnesota. Brandon, how can we help today?

So I just been rolled in in H R, say this year, and then wondering if that makes sense. I had a couple hospital visits pop up this year, and i'm anticipating the same thing next year. And so even with the compounding interest from spending thousands of dollars each year, does that make sense to still hold on the Y H A?

Um well IT depends. I mean, when you do know that you're gonna qualified medical expenses, IT could make sense to pay for them through the ha um in that way you're not you're not taxed on that money um so that could make sense for you. So you're thinking about IT more um through the lens of your actual health purchases. You're not thinking about IT as an investment vehicle, which a lot of our collars do, correct.

No, I am looking at IT as an investment vehicle. I'd like to have IT you know .

in retirement. Oh, okay. Well, in that case, on hsc is a great idea. If you know that you don't go to the doctor much, if you are willing to have that higher deductable because maybe you know that you're not going to meet IT, that, that could be great for you.

And then of course, if you're thinking about IT as a retirement vehicle, that's great. But I would not be my first choice um IT would be what I would do maybe tertiary to a four one k or a rough ira and then I go in and do an h sa. Have you already maxed out those other options?

I have not.

okay. So yeah, I camping for everything .

out of pocket so far. okay.

So if we're looking at IT through the the lands of strictly investing, yeah, i'm starting with a four one k. If I have IT through my work, you know, start with that. If there's no match, you start with the rock I R A first. Now for the use of, hey, I want to filter some of my a actual health expenses through this.

Then yet you could fund IT up to the point of, yeah, I know that i'm gna spend, I don't know, three thousand dollars on health care this year, so i'm going to put that in there and then i'm going to use that ha, then pay for those expenses. You could one hundred percent do that, but I would not over fund IT to the point of investing. Does that make sense?

Yeah, OK is is set up weird, where I have to have two thousand dollars in the regular H. H. C. And then everything above, beyond my best.

yes. And if you, if you know, hey, at this point, the two thousand dollars that are in there, i'm actually gonna use that on healthy ier care costs this year. And this is a great fund for IT. I'm all for that. But as far as you over funding IT, to the point that you can then invest the rest, I would not do that until i've overfunded my four one cane rock area sense.

yeah. And i'm giving the max up to the match for the four one. K, and I are sweet to max out the rough. I re.

okay. yeah. And if you do all three of those, you are what's known as winning at life. That's .

amazing gratuity. Speaking of winning, you dropped her shary out there. I want to just give A A little shout to that's a great word, tertiary, that's a word, by the way, you figure out how to use that right, drop that in sending this week, are you you get a good brand at work. You go just call that very nice. What are the deck?

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