Sanrith Descartes
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Investing General Discussion
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Tmac
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Blazin
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data would be cleaner if they did on the first day of a Markets in Turmoil special and only start counting again if it's at least 30 days since the last. Just duplicating the same time periods over and over.
Also results probably very similar for "what if I buy whenever the vix is over 30"
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Sanrith Descartes
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Tmac
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fris
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HSA question, but less investing but plan oriented.
My employer funds $3k a year, and I put $7k a year in(kids are on my plan). I wouldn't be surprised if I get laid off in the next 1-12 months. Given that it's annual enrollment, and if I sign up for HSA again, does that lock me out from a new employers' non-hsa plan if they don't do HSA?
My employer funds $3k a year, and I put $7k a year in(kids are on my plan). I wouldn't be surprised if I get laid off in the next 1-12 months. Given that it's annual enrollment, and if I sign up for HSA again, does that lock me out from a new employers' non-hsa plan if they don't do HSA?
Tmac
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Couldn't you go to HR and say "I'm not planning on anything happening, but just wondering if I get fired..."?
Short answer: No lock out, you keep the HSA at its current $ value no matter what, but you can't keep contributing to it unless you have a HDHP.
Also, might want to check your funding numbers--total family contributions for HSA should cap out at something like $8.5k, so not sure how you're getting 3+7=10k there. If part of that were going to an FSA, you'd lose that portion when you left the coverage. $3k is a pretty generous employer contribution.
You keep your HSA and the $ in it when you leave. You can use it any time. You might have (small) fees associated with account admin that your employer was paying depending on who is administrating the HSA--that said, I checked my Fidelity account and they have no fees, so not sure how common that is.
If you get fired or leave, you generally keep all the funds in your HSA with no clawback. Worth understanding your company's HSA funding mechanism/schedule. If you self-fund the difference (maybe they give you two weeks and you decide to load up), you can do an itemized deduction on your tax return.
- You can only make additional contributions to the HSA while you're covered by a HDHP.
- If you extend your current HDHP with COBRA, you can continue contributing to the HSA. If you have no coverage, you can't continue to contribute--you can still use your existing $.
- There's no restriction on joining another low-deductible plan. If you join/switch to a low-deductible plan, you can't continue to contribute to the HSA--you can still use your existing $.
If you get fired or leave, you generally keep all the funds in your HSA with no clawback. Worth understanding your company's HSA funding mechanism/schedule. If you self-fund the difference (maybe they give you two weeks and you decide to load up), you can do an itemized deduction on your tax return.
- Payroll deductions generally also avoid payroll tax, so if you thought you were immediately going to get a new job and go HDHP again, loading up might not be the best strategy (but the amounts we're talking about saving are in the hundreds at this point).
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