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Prioritize Roth IRA or HSA since I live in CA?
Old 01-05-2018, 02:06 AM   #1
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Prioritize Roth IRA or HSA since I live in CA?

Should I prioritize maximizing my Roth IRA over my HSA since I live in CA? Since CA doesn't recognize HSAs at all? I have a Vanguard Roth IRA and Payflex HSA.
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Old 01-05-2018, 05:14 AM   #2
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An HSA is a better investment, as it goes in and out federal tax free.

Do both.
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Old 01-05-2018, 08:03 AM   #3
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Agree w/ Senator. You won't get the CA tax benefit but you will get the Federal. You need, however , to be able to put up w/ the nuisance of dual basis record keeping for both Fed and CA, as well as keeping track of qualified expenses over a long period of yrs if you intend to use HSA as a long term savings vehicle.
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