US Workers Are Highly Taxed If You Count Premiums

Re:US Workers Are Highly Taxed If You Count Premiums by zrail on Tuesday April 09, 2019 @09:16AM (#19614227)

You can keep it there and withdraw it after 65 penalty free (have to pay taxes like a traditional IRA) or you can pull it out now and pay taxes plus a 10% penalty.

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Re:US Workers Are Highly Taxed If You Count Premiums by petronio on Tuesday April 09, 2019 @01:38PM (#19617124)

Probably better to withdraw and eat the penalty then, inflation will make it worth peanuts by the time I'm 65.

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Re:US Workers Are Highly Taxed If You Count Premiums by ctchocula on Sunday April 14, 2019 @03:43PM (#19661263)

You can invest it in US or international mutual funds that historically have beaten inflation by 7%.

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Re:US Workers Are Highly Taxed If You Count Premiums by pnutjam on Tuesday April 09, 2019 @03:14PM (#19618027)

If it's over a certain amount you can treat it like an IRA, otherwise you should get regular savings account interest, yeah.. I'm laughing too.

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Re:US Workers Are Highly Taxed If You Count Premiums by zrail on Wednesday April 10, 2019 @04:19AM (#19622790)

Fidelity has an HSA with zero fees that lets you invest just like an IRA. I don’t know if you can open one without being a US resident, however.

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