Comments on: Here’s How To Fix The Flexible Savings Account http://amateurassetallocator.com/2009/11/09/heres-how-to-fix-the-flexible-savings-account/ Amateur Asset Allocator Fri, 19 Mar 2010 17:28:22 +0000 http://wordpress.org/?v=2.9 hourly 1 By: CDI collection agency http://amateurassetallocator.com/2009/11/09/heres-how-to-fix-the-flexible-savings-account/comment-page-1/#comment-6036 CDI collection agency Tue, 10 Nov 2009 13:00:48 +0000 http://amateurassetallocator.com/?p=2849#comment-6036 Like anything else you have to weigh the pros and cons. Not every product is going to be perfect for everyone. I think this however will cover many peoples needs. I think its great information. Thanks for sharing Like anything else you have to weigh the pros and cons. Not every product is going to be perfect for everyone. I think this however will cover many peoples needs. I think its great information. Thanks for sharing

]]> By: Health Insurance Providers http://amateurassetallocator.com/2009/11/09/heres-how-to-fix-the-flexible-savings-account/comment-page-1/#comment-6032 Health Insurance Providers Mon, 09 Nov 2009 20:20:02 +0000 http://amateurassetallocator.com/?p=2849#comment-6032 You make great suggestions but the changes you mention are really just converting an FSA into an HSA. Health Savings Accounts already have great tax benefits and the money in an HSA rolls over from year to year and can even be spent on retirement expenses past the age of 65. You make great suggestions but the changes you mention are really just converting an FSA into an HSA. Health Savings Accounts already have great tax benefits and the money in an HSA rolls over from year to year and can even be spent on retirement expenses past the age of 65.

]]> By: Eric @ ParentsAndMoney http://amateurassetallocator.com/2009/11/09/heres-how-to-fix-the-flexible-savings-account/comment-page-1/#comment-6030 Eric @ ParentsAndMoney Mon, 09 Nov 2009 17:03:58 +0000 http://amateurassetallocator.com/?p=2849#comment-6030 What do you think about the Flexible Spending Account option? I think that's a perfect product (if offered by the employer) I would love to see this expanded as a government subsidized healthcare solution. You can contribute an annual maximum to the account, the funds roll over year to year and once you get to a certain age (something like 65) it basically turns into a retirement fund like a traditional IRA or 401k... you still withdraw for medical tax free and you can withdraw for any expenses (not just medical) without penalty, just pay the ordinary income tax. Sounds SWEET! What do you think about the Flexible Spending Account option? I think that’s a perfect product (if offered by the employer) I would love to see this expanded as a government subsidized healthcare solution. You can contribute an annual maximum to the account, the funds roll over year to year and once you get to a certain age (something like 65) it basically turns into a retirement fund like a traditional IRA or 401k… you still withdraw for medical tax free and you can withdraw for any expenses (not just medical) without penalty, just pay the ordinary income tax.

Sounds SWEET!

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