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Quit Job to do Stock Trading?
Posted: Mon Feb 22, 2016 2:27 am
by FB2020
venkat786;616151anyone in this forum doing STOCKS as a full time Job? is it rewarding any thoughts welcome...
Even if someone can do it, what happens to benefits such as medical insurance etc.?
Quit Job to do Stock Trading?
Posted: Mon Feb 22, 2016 10:09 pm
by ILuvHyd
FB2020;623718Even if someone can do it, what happens to benefits such as medical insurance etc.?
Medical Insurance can be bought easily. Start with Obamacare. Should plan for ~20K USD for a family of four (this includes deductibles etc. Read about HSA account)
Quit Job to do Stock Trading?
Posted: Mon Feb 22, 2016 10:19 pm
by India2014
If we need to setup HSA account, do we need to set up LLC / S corp ?
Quit Job to do Stock Trading?
Posted: Mon Feb 22, 2016 10:40 pm
by FB2020
ILuvHyd;623795Medical Insurance can be bought easily. Start with Obamacare. Should plan for ~20K USD for a family of four (this includes deductibles etc. Read about HSA account)
I know, but Obama is leaving, and lot of politicians are against it.
Who knows it maybe repealed. Then what?
Quit Job to do Stock Trading?
Posted: Mon Feb 22, 2016 10:59 pm
by ILuvHyd
FB2020;623798I know, but Obama is leaving, and lot of politicians are against it.
Who knows it maybe repealed. Then what?
I don't think it will be repealed. It will be in some form or other giving us some way to buy own insurance with existing conditions.
Quit Job to do Stock Trading?
Posted: Mon Feb 22, 2016 11:06 pm
by ILuvHyd
India2014;623796If we need to setup HSA account, do we need to set up LLC / S corp ?
I don't think so. Individuals can open them as well. Check this out
https://personal.vanguard.com/us/whatweoffer/overview/healthsavingsYour health plan has to qualify with these deductible ranges.
Check this link on page 3
https://www.irs.gov/pub/irs-pdf/p969.pdf