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

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Feb 13, 2020
9:11:06am

RdF3 All-American

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

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RdF3

Previous username: swishh_15
Bio page: RdF3
Joined: Nov 4, 2011
Last login: May 1, 2024
Total posts: 39,944 (2,654 FO)

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Messages

Author

Time

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

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

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

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.

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

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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