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Gochi
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Username: Gochi

Post Number: 88539
Registered: 07-2004
Posted From: 159.53.110.143

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Votes: 0

Posted on Wednesday, August 02, 2017 - 10:53 am:

Fanno1:
When you want to withdraw that money for non-medical expenses when you are under 65, you pay tax and 20% penalty. When you are 65, you just pay the income tax, no penalty. You can invest this money like 401k. so the money will grow.

cool....assuming u stay healthy, then it makes sense first to put money in 401k first and then HSA...bcos in 401k u don't need to pay even the taxes once you are 65...where as HSA u need to pay taxes even at 65....so basic gaa once u maxout 18k on 401k and then u want to save more then HSA...is that right..?

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