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re: Employer doesn't offer retirement plan & I'm maxing out IRA. What other options

Posted on 11/14/14 at 7:39 am to
Posted by bayoubengals88
LA
Member since Sep 2007
19091 posts
Posted on 11/14/14 at 7:39 am to
You can also use an HSA for retirement if you have one. It's like a traditional IRA, but slightly better because tax free withdrawals are allowed for medical costs.

At age 65 you can withdraw for non medical reasons but you will be taxed (like a trad. IRA).

Yearly limit is between 6 and 7 thousand if married, 3350 if singe (I think).
Posted by Veritas vincit
Miles From Nowhere
Member since Jan 2011
606 posts
Posted on 11/14/14 at 8:55 am to
quote:

Yearly limit is between 6 and 7 thousand


I'm not sure but I think you can put up to the amount of your deductible whether single or not. Don't know if there is a maximum amount you can contribute.
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