In order to establish an HSA, you first need to ensure you have a high deductible health plan (HDHP). Your HSA is typically an individual account (not an LLC). Eventually when you grow the balance, you can explore self directing your HSA which may or may not involve an LLC.
Except the first year when you do this you’re going to get taxed about 40% on the money you withdrew. It’s 20% tax from the federal and 20% tax from the bank I believe.
Right now is the best time. The market had experience some massive declines. =] buying now would make the perks of price appreciations, even better! ❤ty for this video.
Yes you can . If you self direct an invest into the HSA, that will just have to be post tax dollars where as with a company sponsored HSA it’s pretax dollars .
You can self-direct money you have in an IRA, HSA or even 401(k). By self-direct, I mean invest in what you want to instead of stocks, bonds, mutual funds. It would take a while to establish enough founds in the HSA to invest in real estate property but it can and has been done. If you want more information on self-directing in general, start here: directedira.com/. I'm not affiliated with this company but a lot of great information.
and its not trash if your employer is contributing annually! If you really want the money, you can transfer funds into an investment account and withdraw. Just have to face the 20% penalty.
