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Retirement Answers - 5 Ways to Use a HSA in Retirement

5 Ways to Use a HSA in Retirement

Retirement Answers

10/10/23 • 16 min

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The Health Savings Account (HSA) is the only account you can contribute to that receives triple-tax advantages.

  • Tax-deductible contributions
  • Tax-deferred growth
  • Tax-free distributions (for qualified medical expenses)

And having a funded HSA in retirement comes with it's advantages:

  • Use for more frequent healthcare costs
  • Bridge gap until Medicare age
  • Helps pay for long-term care
  • Can be used for anything after age 65 without penalty

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#retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #401k #socialsecurity

10/10/23 • 16 min

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