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Originally Posted by John McClane
BTW, I think it's 100% likely that everyone will have medical bills in retirement, so the HSA is a no brainier.
Or co-pays.
Originally Posted by Chypmunk
Originally Posted by ynwtf
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I just can't help myself, sometimes.
I just can't help myself, sometimes.
Originally Posted by John McClane
I have no idea whether I should contribute extra money to the 403b, the HSA, or the Roth IRA. They all have their pros and cons.
I max out the company match and you can take it with you (mine) if you leave.
BTW, I think it's 100% likely that everyone will have medical bills in retirement, so the HSA is a no brainier.
Originally Posted by Yoda
Yeah, HSA is just a pure likelihood consideration, in terms of medical bills.
If nothing goes wrong in the short-term, though, pretttttty hard to beat a Roth IRA. It's the best return over the long-term, assuming you don't need the tax break sooner.
If nothing goes wrong in the short-term, though, pretttttty hard to beat a Roth IRA. It's the best return over the long-term, assuming you don't need the tax break sooner.
The only real advantages I see to the Roth is being able to invest in whatever I want, including common stock, and no required minimum distributions. At least with the 403b I can pay less taxes and, once I have enough extra contributions, have access to some sweet loan terms.
The only reason I have the HSA is because my employer contributes $800 a year, so that's just free money. It's fully invested and I ain't touching any of it until I'm old and cripple.
Originally Posted by Yoda
I always max out a Roth first, if I can.