ByteOnBikes@slrpnk.net to Mildly Infuriating@lemmy.worldEnglish · 9 days agoThere is a fee to close my HSA accountslrpnk.netexternal-linkmessage-square89fedilinkarrow-up1422arrow-down17
arrow-up1415arrow-down1external-linkThere is a fee to close my HSA accountslrpnk.netByteOnBikes@slrpnk.net to Mildly Infuriating@lemmy.worldEnglish · 9 days agomessage-square89fedilink
minus-squareAA5B@lemmy.worldlinkfedilinkEnglisharrow-up4·9 days 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-squarephdepressed@sh.itjust.workslinkfedilinkEnglisharrow-up5·9 days 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.