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Feb 15, 2020
12:04
:49
am
KSwiss
Starter
Cash out dividends? Hmmm...
I don’t think dividends work how you think they do
This message has been modified
Originally posted on Feb 15, 2020 at 12:04:49am
Message modified by KSwiss on Feb 15, 2020 at 12:10:12am
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KSwiss
Previous username
bccoug
Bio page
KSwiss
Joined
Oct 24, 2011
Last login
Feb 17, 2020
Total posts
857 (2 FO)
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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,
Florwood
2/13/20 9:33am
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