ilmscore | How To Invest Like The 1% Using An HSA (Step By Step)

How To Invest Like The 1% Using An HSA (Step By Step)

Published: 2023-07-21
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The HSA contribution limit will increase in 2024 to $4,150 for individuals and $8,300 for families.
"in 2024 the government is increasing the contribution limit so please make this your New Year's resolution and at least get yourself an HSA account because the new limit will be 4150 or 8 300 for family"
HSA Contribution Limits
Pending
The recommended financial prioritization is to first secure the 401K employer match, then max out the HSA, followed by maxing out the Roth IRA.
"first according to financial experts and advisors and if you can tell by now they say to first start with the 401K employer match because that's 100 free money that you're getting so get that first and don't tribute after that next try to max out your HSA and if you've done that which would be pretty easy because it doesn't have a high ceiling go to your Roth IRA and Max it out"
HSA Prioritization
Pending
A recommended investment strategy for an HSA is to select a mutual fund that tracks the S&P 500 Index.
"personally I would pick a mutual fund that closely tracks the S P 500 Index"
HSA Investment Strategy
Pending
HSA contribution limits will increase in 2024 to $4,150 for individuals and $8,300 for families.
"in 2024 the government is increasing the contribution limit so please make this your New Year's resolution and at least get yourself an HSA account because the new limit will be 4150 or 8 300 for family"
HSA Contribution Limits
Pending
Recommended financial prioritization: 1. 401K employer match, 2. Max out HSA, 3. Max out Roth IRA, 4. Max out 401K.
"first according to financial experts and advisors and if you can tell by now they say to first start with the 401K employer match because that's 100 free money that you're getting so get that first and don't tribute after that next try to max out your HSA and if you've done that which would be pretty easy because it doesn't have a high ceiling go to your Roth IRA and Max it out now if you're a baller and you still have money to invest after the Roth IRA then go back to the 401K and Max it out"
Financial Prioritization
Pending