Werewolfdad
Werewolfdad t1_iu6uxaz wrote
You put money in a high yield savings account and let it sit. Interest is just a bonus
Werewolfdad t1_iu67huu wrote
Reply to comment by SonoftheMorning in Should I invest my HSA funds now if I want to use them in one year’s time? by SonoftheMorning
Oh that’s weird
Werewolfdad t1_iu665og wrote
Reply to comment by SonoftheMorning in Should I invest my HSA funds now if I want to use them in one year’s time? by SonoftheMorning
Why not? They can be bought in any brokerage account
Werewolfdad t1_iu62icx wrote
Reply to comment by SonoftheMorning in Should I invest my HSA funds now if I want to use them in one year’s time? by SonoftheMorning
Then don’t invest because you may have less money then than now.
Or buy something risk free like treasuries.
Werewolfdad t1_iu61t4e wrote
Reply to Should I invest my HSA funds now if I want to use them in one year’s time? by SonoftheMorning
Can you afford to pay for it out of pocket? If so, do that and just leave the hsa funds until you truly need them
Werewolfdad t1_iu5dkl8 wrote
Yes. The tax credit is only better for those with low incomes (2021 not withstanding)
Second question: only if you have two children
Werewolfdad t1_iu7kcij wrote
Reply to comment by mattledz in How should I really be using my savings account? by mattledz
I mean it’s better than nothing but you won’t get rich that way