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Talking stocks, trading, and investing in general

Piobaire

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You can save those receipts (I do as they are part of my state return) or just figure once you retire you'll incur fresh expenses between retirement and death. Medicare far from covers all your expenses and being old requires medical care. Just spend it on fresh expenses.
 

Marc Voorhees

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I'm dealing with that right now. I've always had mine at the 1k and invest the rest setting (although it drifts above 1k cash--maybe they only invest once a month/quarter or something).

I tend to not have much medical expense and just pay them out of pocket. I'm not yet willing to play the "save your receipts for 30 years" game, but I just use the maxed-out HSA as an investment vehicle.

But now I have my wife on the plan...which doubled my deductible and out of pocket max to something crazy. Plus she needs more healthcare than me.

So now we are sitting on >1k in bills from some imaging/diagnostic visits and I'm not sure what to do. Do I just go find the Visa that is linked to the HSA and let her pay everything from that? Does it automatically sell if you use up the cash portion?

She's having a hard time mentally dealing with the whole high-deductible/low-premium plan...the bills just feel huge, and then its like "maybe I shouldn't have this done, that seems so expensive".
...Even though had I gone with the standard low-dedictible PPO plan, the extra premiums coming out of my paycheck would cover the cost of the test in a month or two.
So fwiw, my hsa says if my cash drops more than 100.01 below whatever threshold I set, shares automatically sell to make up the difference

Your mileage may vary however
 
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brokencycle

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You can save those receipts (I do as they are part of my state return) or just figure once you retire you'll incur fresh expenses between retirement and death. Medicare far from covers all your expenses and being old requires medical care. Just spend it on fresh expenses.
I plan on neither dying nor needing health care.
 

Piobaire

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Harv or IDFNL?
 

Marc Voorhees

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otc

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You can save those receipts (I do as they are part of my state return) or just figure once you retire you'll incur fresh expenses between retirement and death. Medicare far from covers all your expenses and being old requires medical care. Just spend it on fresh expenses.
Yeah, I just figure I will have sufficient medical expenses later on that saving receipts is unnecessary....

That said, maybe life is just easier if you use the Visa and pay medical bills from the HSA. You still realize the initial tax advantage and it doesn't mess up your day to day spending or budgeting.

Given the relatively low cap, you don't really lose that much in terms of taxes on potential investment growth.
 

Piobaire

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I just like the thought of a tax free pot of money for health care costs once dat W2 money goes away.
 

jbarwick

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You can do independent HSA funds (for your wife) if you don’t like the plan you’re in
She gets $2K from her employer is the reason we keep hers otherwise we would do it all from my company. Thinking about it now, we should have just put $5,200 in my HSA and kept hers at $2K but we split it down the middle this year.

My wife wants LASIK and has a couple more things this year so hopefully we blow through and transfer to investment accounts.
 

Piobaire

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Piobaire

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Today I shall lose $86 when my bear debit put spread on CRSR expires. :(

Only the second transaction I lost on this month so far, the other being a debit of $1.52 total to close out a position I didn't want.
 

jbarwick

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I am holding some COIN losses. I never wanted to buy this damned thing before IPO then the group chat blew up and I got FOMO. One buddy is in at $369 and another keeps buying high and selling low. I don't feel so bad.
 

Piobaire

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For retail investors buying high and selling low is pretty common. One of the best books I ever read on investing was one that dealt with the psychology of investing. It was like reading a book on conversational fallacies. So eye opening.
 

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