Search found 3 matches

by ddeberry1218
Thu Nov 21, 2019 3:52 pm
Forum: General questions and comments
Topic: What is the best way to model a Health Savings Account (HSA)?
Replies: 4
Views: 4145

Re: What is the best way to model a Health Savings Account (HSA)?

Thanks for the very quick response! For now, I am looking at using the HSA like a Roth IRA. I was planning to pay for my medical needs out of pocket and save the HSA as part of an insurance for medical costs or long term care later in life (along with a Roth IRA). I have already done as you suggeste...
by ddeberry1218
Wed Nov 20, 2019 5:58 pm
Forum: General questions and comments
Topic: What is the best way to model a Health Savings Account (HSA)?
Replies: 4
Views: 4145

What is the best way to model a Health Savings Account (HSA)?

I am planning on retiring at 60 but still contribute to a HSA between 60 and 64. I think I would have to model both $4,500 of income for these years and $4,500 of tax free investment. However, an HSA is both tax free and tax deferred. I am not quite sure on how to model this correctly.

Thanks!