Leave the $$$ in your HSA
Recommended by Sarah
If you have a Health Savings Account (HSA), you can invest this money!! It is the only account where the money goes in tax free, grows tax free, and you pull it out tax free.
To take it out tax free, it has to be to reimburse for medically eligible expenses, so just keep your receipts! You can reimburse anytime, years from now if you want. The receipts just have to be from after the date your account was opened. I've got a digital folder where I keep all mine. I plan to leave the money in there until retirement.
**** NOT the same as an FSA, where the money is use it or loose it at the end of the year!
6 days ago
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@annermay
Thank you! It’s so tempting to use it right away, but my goal is to finally invest it this year!
@sarahbeck
Another rec is to use personal capital (or something like it) to track all your investments, watching the graph move up and to the right is so motivating !
@stephanieprats
Yes! I <3 HSA. Also reminder to all that you need to go and set up the investments after it goes into the HSA account; some programs have auto sweep / automated but many are manual investments still
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