I've recently come across the idea on here about using your HSA as a secondary retirement account.
HSA deposits are tax free, grow tax free, and then can be used tax free on any medical expense in retirement.
Using funds for non-medical expenses are taxed... I think as regular income? Not sure if capital gains are taken into account. There is no penalty after age 65.
I've also seen you can save receipts and get "paid back" by your HSA in retirement. So your dollars can grow tax free for decades, and then you can still get reimbursed to your regular bank account.
Does anyone do this? I'm thinking of maxing out my HSA investments and then not using it anymore.
Submitted January 14, 2022 at 08:27PM by Notarussianbot2020 https://ift.tt/3Id9otP
