(a) I don't have an HSA, and (b) when I have had one, it's always been a

shirtty plan.

I have often heard that HSA's are the secret golden goose for retirement savings. But when I have had one in the past, they have paid about 0.000001% interest, with no other investment options, and they charged about $2 a month in fees. So not only was there no growth, I genuinely lost money the longer it was in the account. I always tried to spend that money on eligible expenses as fast as I could.

Doesn't really matter anyway, my current employer's high deductible/HSA insurance plan isn't cheaper than the full plan by enough to be worth it.

In response to this post by beancounter77

Posted: 04/28/2022 at 4:35PM

Trying to make sure I'm not screwing up my retirement contributions -- Tafkam Hokie 04/28/2022 3:14PM

The answer is "No, they don't." -- HokieJay 04/28/2022 5:56PM

Don’t forget to maximize your HSA if you qualify -- beancounter77 04/28/2022 4:27PM

I max mine every yr, my company seeds it with $4600 and I do the rest. Pay -- B777Fr8Dog 04/28/2022 8:04PM

(a) I don't have an HSA, and (b) when I have had one, it's always been a -- Tafkam Hokie 04/28/2022 4:35PM

Moot point if you’re not eligible, but just FYI next time, you don’t -- beancounter77 04/28/2022 8:12PM

If you use a non employer plan, I'm guessing -- Tafkam Hokie 04/28/2022 9:44PM

Correct, you will get a contribution tax form at the end of the year and -- beancounter77 04/28/2022 10:24PM

I am fairly confident the traditional IRA and 401k contributions ... -- vt90 04/28/2022 3:17PM

Did you know that a Roth IRA doesn't just collect money and you have to -- Hurley09 04/28/2022 4:03PM

Oof, that's rough. At least you aren't 50 and finding that out. ** -- hoosnowahokie 04/28/2022 4:09PM

LOL ... yep, I don't know much but I knew that. ** -- vt90 04/28/2022 4:05PM

I didn't know that. I though it was an "either, or" proposition. -- EDGEMAN 04/28/2022 3:49PM

Let me rephrase ... -- vt90 04/28/2022 3:52PM

Roth contributions are non-deductible, but all earnings are tax free. -- EDGEMAN 04/28/2022 3:59PM

Right, but as Hoke points out below ... -- vt90 04/28/2022 4:02PM

Also there is an income cap for IRA contributions -- Hoke 04/28/2022 3:35PM

Roth IRA also has income limits. -- Tank 04/28/2022 4:13PM

Unless your 401k plan permits AT contributions to backdoor Roth IRA. -- Fatman 04/28/2022 4:29PM

Income cap is not an issue. I just have no debt, no mortgage -- Tafkam Hokie 04/28/2022 4:04PM

I don't believe there is an income limit for non-deductible traditional IRA -- vt90 04/28/2022 3:40PM

You're right on non-deductible -- Hoke 04/28/2022 3:46PM

True ... only benefits are that I am volume saving ... -- vt90 04/28/2022 3:48PM

She can spend it, but you incur an additional penalty. -- EDGEMAN 04/28/2022 3:50PM

Nice work Andy Dufrene. ** -- GreenvilleVT 04/28/2022 7:50PM

She's smarter than that and she wants to retire too. ** -- vt90 04/28/2022 3:53PM

(a) I don't have an HSA, and (b) when I have had one, it's always been a

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