12-19-2018, 07:05 AM
I retired early this year at age 60. I have a non-employer HSA account that I was funding with after tax wage earnings and then claiming the credit on my taxes. Now that I’m retired, I’m taking taxable distributions from my retirement account.
Is there any advantage in still funding the HSA? Seems the answer would be no, since I’m paying taxes on the IRA distribution only to turn around and claim a tax credit on my tax return. Am I missing something? Seems like it should be more complicated than that, since nothing Involving the tax code is ever simple.
Thanks for your insight.
Is there any advantage in still funding the HSA? Seems the answer would be no, since I’m paying taxes on the IRA distribution only to turn around and claim a tax credit on my tax return. Am I missing something? Seems like it should be more complicated than that, since nothing Involving the tax code is ever simple.
Thanks for your insight.