re: Emergency fund opinions

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I can't comment on HSAs...don't have the option for one.

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Basically, HSAs were set up so had a sheltered account from which you could pay for medical expenses. However, if you never use the money for medical expenses, it can act like a "stealth IRA" and be used as a retirement account.

Therefore, if you have a High deductible health plan, you should open an HSA as it provides another avenue to invest money away from the tax man. 3,250 a year for individuals and 6-something for families.