ByteOnBikes@slrpnk.net to Mildly Infuriating@lemmy.worldEnglish · 1 month agoThere is a fee to close my HSA accountslrpnk.netimagemessage-square85fedilinkarrow-up1423arrow-down17
arrow-up1416arrow-down1imageThere is a fee to close my HSA accountslrpnk.netByteOnBikes@slrpnk.net to Mildly Infuriating@lemmy.worldEnglish · 1 month agomessage-square85fedilink
minus-squareAA5B@lemmy.worldlinkfedilinkEnglisharrow-up4·1 month ago401k 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
minus-squarephdepressedlinkfedilinkEnglisharrow-up5·1 month agoAfter 65 they don’t audit what you withdraw for.
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
After 65 they don’t audit what you withdraw for.