if you plan on retiring at the time of SS then that makes sense.

Feb 14, 2020
8:57:06pm

TheLoneCougar The OG Quickie Monster

If I don't cash out dividends then there is no problem, gains are only taxed on the sale and if I only sell the amount I can to stay under the tax then I'm good.

It isn't that complicated.

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TheLoneCougar

Bio page: TheLoneCougar
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Last login: Jun 6, 2024
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Messages

Author

Time

For those of you recommending funding an HSA first then other retirement accts

Jeff Spicoli

2/13/20 9:09am

At age 65 HSA funds are eligible to work exactly like IRA funds.

RdF3

2/13/20 9:11am

Meaning I can begin withdrawing the funds to be used however I wish but I'll

Jeff Spicoli

2/13/20 9:15am

Yes

JuicyJam

2/13/20 9:16am

<< Deleted >>

slowhiteguy

2/13/20 9:16am

But in retirement you probably aren't making any W-2 salary and MFJ I believe you can withdraw upwards of $80k

TheLoneCougar

2/13/20 9:29am

It's not that simple with the taxes. Most of your social security will count

KSwiss

2/13/20 3:18pm

if you plan on retiring at the time of SS then that makes sense.

TheLoneCougar

2/14/20 8:57pm

Cash out dividends? Hmmm...

KSwiss

2/15/20 12:04am

yes, they do. If you reinvest dividends, then you would sell them to "cash them out" like you would any other investment

TheLoneCougar

2/18/20 7:14am

I was told that if I didn't sign up for medicare and

BYU71

2/13/20 9:22am

If you don't enroll in Medicare, you can continue contributing to an HSA past age 65.

RdF3

2/13/20 9:30am

However, I recommend at least enrolling in part A at age 65 due to the penalty for not doing so. There's also some

RdF3

2/13/20 9:36am

Thanks, yes it does seem complicated.

BYU71

2/13/20 9:44am

It effectively turns into a traditional IRA if you don’t have medical expenses

Solid-State Blue

2/13/20 9:11am

Once on Medicare you can use an HSA to pay med expenses,

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