Comment on There is a fee to close my HSA account

• tburkhol@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Once you hit 65, you can withdraw HSA funds for any purpose, tax free, like a Roth IRA. 401k withdrawals will be taxed as ordinary income, so an HSA dollar is worth about $1.20 in a 401k.

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• AA5B@lemmy.world ⁨1⁩ ⁨month⁩ ago

  401k money is taxable as regular income on withdrawal. The expectation is you will be in a lower tax bracket after retiring, so you win.

  HSA is not taxable, although I don’t know if that’s just when used for medical expenses

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  • phdepressed@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    After 65 they don’t audit what you withdraw for.

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