How much should i contribute to my hsa in my 20s
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How much should i put in my hsa per paycheck reddit.
How much should I contribute to my Health Savings Account?
Investment products:
- Are Not FDIC Insured
- Are Not Bank Guaranteed
- May Lose Value
About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA.
If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Any interest or earnings on the assets in the account are tax free. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA.
Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA.
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.
Bank of America, N.A.
makes available The HSA for Life® Health Savings Account as a custodian only. The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue
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