Hi all
I have a high deductible insurance plan and got one because I am in fairly good health.
Any suggestions for the best HSA account?.. it seems like all have fees (unless you have a large balance). I would only put in $2000.
HSA Bank is fairly well rated.
I WISh I had more savings and am feeling I am 'still shoring' things up! Which is good but less exciting them saving and investing for growth.
I wrote down the basics of the Roth, 401k, HSA so I am clear on withdrawal rules, limits, tax deductibility.
Trying to learn!
And what are peoples views on the 401k vs Roth?
Do one (which) or both?
Thanks all.
Quick question-best HSA account? 401k vs Roth?
March 20th, 2014 at 02:57 pm
March 20th, 2014 at 03:14 pm 1395328449
Get your AGI from your CPA and determine your IRA eligibility. If you have the funds, you can contribute until April 15th for 2013. In fact, your side bar indicates you may have already done that. If your AGI was really low, you might qualify for a traditional IRA for 2013 rather than a Roth. You would receive an additional tax deduction if you did that.
Can't help with the HSA account.
March 20th, 2014 at 03:44 pm 1395330271
March 21st, 2014 at 12:16 am 1395361014
March 21st, 2014 at 05:02 am 1395378160
If you can get a Roth 401k I'd do that first and a Roth IRA (if you don't make too much) second.
March 21st, 2014 at 12:36 pm 1395405366
March 21st, 2014 at 01:33 pm 1395408822
I can't say I would recommend ROTHs, regardless, unless you have taxable money sitting around that you want to tax shelter (by moving over into ROTH IRAs). I do not think that you do have money just sitting around in taxable accounts?
Since you plan to retire very young AND very soon, I'd then convert 401ks to ROTH IRAs in retirement. The overall strategy is to get a large tax break now and then to convert over to ROTHs at much lower tax rates.
March 24th, 2014 at 10:53 pm 1395701587
March 25th, 2014 at 02:04 am 1395713056
March 26th, 2014 at 01:53 pm 1395841998
March 27th, 2014 at 08:31 pm 1395952317