I am on my employer’s benefits (Cigna HDHP with an HSA) and am curious if there is any ballpark ranges to straddle taking advantage of the tax haven but not taking too much for the present moment, yet having a sizable account later in life to handle expenses.
This is my first full year on the plan so I will crunch my annual costs when I have a year of care on the books.
I am 34. I want to be prepared for later/end of life. But I also expect my income/taxes to rise over time and can up my contributions then, and focus now on funding my 401k. My employer offers a package through PCS Retirement (can I do better elsewhere?)
Edit: Thanks everyone for the tips! I combed my employee handbook and the matching policy isn’t very spelled out.. I can skim a few % off my contributions (currently 18%) to hit the annual $4,300 limit in my HSA.
If I can’t find a solid answer (or discover there isn’t one) on the company match policy.. do I start looking into IRA’s? Our plans are through PCS Retirement