Decentralized Public Health System Disrupting Testing Analysis

[ldsrptcvt]

HSAs are managed by private insurance policies. They have to be, that's how the law requires them to be handled. By giving everyone an HSA, you're vastly expanding the buisness of private insurers.

okay; sounded like a bank account

 

[Wayne Jr]

okay; sounded like a bank account

Kind of. They're all mutual funds. The IRA/HSA/ESA designations are just tax statuses, but they're all mutual funds. You visit a local financial insitution, set up an account, deposit your initial principal, and that's it. Go home and forget about it, unless you want to put more in it. You'll get a report every quarter.

President Wayne gives you an IRA when you're born, with $1,000 starting principal and writes tax law to the effect that your parents contribute an additional $1K every year. Assuming the economy does poorly, when you turn 18 and take legal control over that IRA, it's worth will be $36,000. President Wayne's tax law now has you making $1K yearly deposits into your IRA.

When you retire at 65 your IRA is now worth $1,217,916. That's assuming President Wayne only gives you $1000. That's assuming your parents and relatives never contribute above the minimum. That's assuming the economy stays in the gutter your whole life. I don't know about you but I could retire just fine on a million bucks.

Oh, and that earlier $36,000 figure, that would also be what your Educational Savings Account would be worth when you graduate high school, which is most of a Bachelor degree.

Mutual Fund Definition
Roth IRA Calculator

 

[ldsrptcvt]

Kind of. They're all mutual funds. The IRA/HSA/ESA designations are just tax statuses, but they're all mutual funds. You visit a local financial insitution, set up an account, deposit your initial principal, and that's it. Go home and forget about it, unless you want to put more in it. You'll get a report every quarter.

President Wayne gives you an IRA when you're born, with $1,000 starting principal and writes tax law to the effect that your parents contribute an additional $1K every year. Assuming the economy does poorly, when you turn 18 and take legal control over that IRA, it's worth will be $36,000. President Wayne's tax law now has you making $1K yearly deposits into your IRA.

When you retire at 65 your IRA is now worth $1,217,916. That's assuming President Wayne only gives you $1000. That's assuming your parents and relatives never contribute above the minimum. That's assuming the economy stays in the gutter your whole life. I don't know about you but I could retire just fine on a million bucks.

Oh, and that earlier $36,000 figure, that would also be what your Educational Savings Account would be worth when you graduate high school, which is most of a Bachelor degree.

Mutual Fund Definition
Roth IRA Calculator

sounds good