Have been contributing the max to my HSA account for a while now
The Account value is around $60K at this point
I have just been saving all medical receipts in a folder!
I recall reading before that one should invest the HSA, let it grow, then reimburse oneself "later"
When? Like when I'm retired? Are there any key ages or dates that impact this HSA reimbursement? I don't need to use it now and can pay for medical co-payments out of pocket, but on the other hand I don't want to NEVER cash out and end up dying with a $250,000 HSA account that was untouched or something (or do I?)
Also my folder is getting thick! I guess I should take out my phone PDF scanner and a cup of coffee some Saturday morning and start snapshotting these receipts and save them up to the cloud and start making a spreadsheet of them so when I want to reimburse myself, I have them saved and handy. Is that the best practice workflow y'all follow?
Curious any advice, thanks
The Account value is around $60K at this point
I have just been saving all medical receipts in a folder!
I recall reading before that one should invest the HSA, let it grow, then reimburse oneself "later"
When? Like when I'm retired? Are there any key ages or dates that impact this HSA reimbursement? I don't need to use it now and can pay for medical co-payments out of pocket, but on the other hand I don't want to NEVER cash out and end up dying with a $250,000 HSA account that was untouched or something (or do I?)
Also my folder is getting thick! I guess I should take out my phone PDF scanner and a cup of coffee some Saturday morning and start snapshotting these receipts and save them up to the cloud and start making a spreadsheet of them so when I want to reimburse myself, I have them saved and handy. Is that the best practice workflow y'all follow?
Curious any advice, thanks
Statistics: Posted by Hogan773 — Tue Mar 05, 2024 9:56 pm — Replies 6 — Views 799