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This allows the HSA to function similarly to traditional retirement plans like 401(k)s and IRAs and can give your portfolio an extra boost toward achieving your retirement goals.
Treat Your HSA Like a Traditional IRA After Age 65 After turning 65, you can use your HSA funds for anything. If you withdraw the money for non-medical reasons, it’s taxed as regular income.
"The HSA was created when high-deductible (insurance) plans came about," explains Joseph Conroy, author of "Decades & Decisions: Financial Planning at Any Age," and a financial advisor with ...
Some employers will provide an annual tax-free contribution to help fund your HSA — indeed, three-quarters of employers make HSA contributions and 60% offer investment options for HSAs ...
Figuring out what sort of investment accounts to save in for retirement can be a little puzzling. Most financial experts will recommend tax-advantaged accounts like 401(k)s and traditional IRAs ...
In 2025, for example, those with a qualifying individual plan will be able to contribute up to $4,300 while those with a family plan are allowed to invest up to $8,550. Don't miss