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Are you sure you're not confusing HSA with FSA? The latter should absolutely be avoided, but an HSA is basically just another tax-advantaged retirement account
by boring_twenties 6y ago
Are you sure you're not confusing HSA with FSA?
The latter should absolutely be avoided, but an HSA is basically just another tax-advantaged retirement account along the lines of an IRA.
- filoleg 6y agoI am not confusing HSA and FSA, but my wording was likely confusing. When I said "i don't personally touch it", I didn't mean that I avoid it. I just know that it is a part of my benefit package, i get contributions in there, but that's about it. I don't even look at it or interact with it in any way otherwise, because I am not planning to use it until much later in life.
- boring_twenties 6y agoAh yes, sounds like you're doing it right, my apologies :)
- dlgeek 6y agoYou should at least transition it into something appreciating. By default, you make basically no interest, but you can transfer it into investments.