u/FoxNewsNitroPiss

Not sure if this is the right place to ask this but does anyone know if you are 100% P/T and have access to tricare (but don’t use it) if you’re still allowed to have a HSA through your employer?

I am 30M and I have about $130k between 401k, Roth IRA and HSA. How likely am I to turn the 130k to 1 million I. 10 years if I’m maxing out Roth IRA and HSA and doing about $15k/yr into 401k (including company match)?

I made a post earlier today regarding the importance of an HSA later in life as I’m still young (30M) and at the pace I’m at I’ll have over 400k in a HSA by 60. What I failed to mention is that I’m also a disabled veteran with 100% P/T so I basically get free medical (Tricare). I don’t use it yet as I try to leave it for those that need it more now but I don’t think I’ll ever need to pay huge medical bills as I’ll have medical for life. Does that change the importance of an HSA as I probably won’t use it for medical expenses?

Many said to save receipts and cash them out later on for a tax free withdrawal but honestly it seems to be very tedious to save receipts for 30 years just to get a tax free deduction? Idk I don’t want to sound lazy but it feels like checking the newspaper for coupons kind of nit picky. Worst case I use it as a 401k and withdraw funds and pay taxes as I would in a traditional 401k

How important is having an HSA later in life? Currently 30M with about $15k in there and plan to keep contributing. Is it really a hack in retirement? If it doubles every 8 years, I would have around $440k at retirement with other yearly contributions. Is it better to use now or keep saving it for a rainy day?