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

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Feb 13, 2020
9:11:33am

Solid-State Blue All-American

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

Report problem with this ad

Solid-State Blue

New username: Trinity
Bio page: Solid-State Blue
Joined: Aug 24, 2009
Last login: Jun 4, 2021
Total posts: 0 (0 FO)

Report problem with this ad

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

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad