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A Reddit user discussed whether to contribute to a 401(k) or HSA. You should contribute enough to a 401(k) to earn your full employer match. ... immediate 50% or 100% return on investment on every ...
But these accounts also give you greater flexibility than 401(k)s. You have a broader range of investment options to choose from whereas most 401(k)s limit you to a handful of mutual funds.
The tax advantages of a health savings account (HSA) are unbeatable — better than a 401(k), traditional IRA, Roth IRA or 529 savings plan. It can be used like a checking account to pay for ...
That being said, a health savings account is meant for health-related expenses. So, it shouldn’t replace your 401(k), IRA, or other dedicated retirement accounts.
4. Use a health savings account (HSA). After exhausting retirement account options, the next best place to invest, whether you have a retirement plan at work or not, is a health savings account ...
Personally, I think the 401k should be a top priority over other investment accounts if there's a match to be had. Indeed, some employers offer some really generous matches (think more than 100% ...
The 401(k) account is useful – but not always the best. A 401(k) allows workers to really stash the cash, putting away as much as $22,500 (in 2023) or $23,000 (in 2024). And those age 50 and ...
There is no minimum deposit needed to open an HSA account. Account Ownership is Always Yours. Your HSA account is portable. Even if you switch jobs, you can take it with you, and the funds never ...
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