Hello!
My daughter (21 now) received a lump sum of money from an inheritance on her stepdad’s side a few years ago. I helped her set up a brokerage account back then, before I really knew what I was doing . I’m now helping her set up a Roth IRA and an HSA (which I believe she’s eligible for since I’m on a hdhp through my work and she’s a dependent on my plan that no one claims?).
Questions:
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Is what I said true about the HSA–can she have her own HSA account? And can we both contribute up to the family limit with each of our HSAs?
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Since she doesn’t make enough at her current job to fully contribute to those two accounts (HSA and IRA), does it make sense for her to max them out each year using $$ from her brokerage?
Thanks!