Investing is not one of our best endeavors and many just don’t take the time to learn. With only a few minutes left in the year, here is some information you might not want to miss.

I was just listening to the ChooseFI podcast and found out a few things to pass along. First, I recommend listening to them as you journey through life whether you are planning to retire early or not.

HSAs or Health Savings accounts for any high deductible insurance plan that is define as 1350 for an individual or 2700 for a family. You can put away 3450 individual or 6900 for a family in an HSA TAX FREE. Any medical expenses can be taken out TAX FREE at any time / any year! This of course means you have to keep your receipts for your accountant for years. After age 65, it acts like a traditional IRA or can be used for medical expenses later in life. If your plan started dec 1 you could find the entire amount. Fidelity now has a zero fee HSA management account (funds or investments places in the account may have some fees).

This is way different than an FSA as those funds don’t fully roll-over year to year. these funds are for your yearly medical expenses and are typically use or lose.

We are typically interested in low fees and trying to keep our income in our pockets. Mutual fund investments are just about the most common across the nation and ChooseFI often touts the Vanguard total stock index fund or VTSAX which had a hefty $10k minimum which has now changed to a $3k minimum for getting started. This opens the fund up to those who are wanting to get started investing at one of the lowest fee mutual funds on the market at an annual fee of just 0.04%!

Some of you may know these things but the mutual fund information is pretty new. If you are thinking of setting up the Solo401k it has to be done and funded by the end of the year and if you are looking at a sep IRA it must be done and funded by April 15.

It’s time to get your investment on!