I know people do this. Tell me more. Because of the tax advantages?

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May 20, 2022
10:35:34pm

VACougMD 3rd String

I know people do this. Tell me more. Because of the tax advantages?

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VACougMD

Bio page: VACougMD
Joined: Mar 26, 2016
Last login: Nov 10, 2024
Total posts: 1,683 (0 FO)

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Messages

Author

Time

Has anyone used their HSA $ towards a mattress purchase?

Julius Pepperwood

5/20/22 10:28pm

I don’t touch my HSA. I max it out every year. It’s for retirement.

brazilcoug

5/20/22 10:29pm

So how do you get tax write offs for your health care expenses now?

BlooCoog

5/20/22 10:33pm

I know people do this. Tell me more. Because of the tax advantages?

VACougMD

5/20/22 10:35pm

Triple tax advantage, tax free in, tax free growth, tax free out*

BYUFootballisBack

5/20/22 10:48pm

And it can only be spent on medical expenses after retirement?

Leonardo

5/20/22 10:59pm

It can only be spent on medical expenses. At any time after said expenses are

SalmonOfCapistrano

5/20/22 11:10pm

Actually, after retirement age, you don’t have to spend it on medical expenses.

BYU-Ite

5/21/22 12:19am

would this really happen, though? Most people in retirement will have plenty

SalmonOfCapistrano

5/21/22 11:25am

It's 65 though so a bit higher than typical 59.5

BYUFootballisBack

5/21/22 9:16pm

Only if it's a qualified medical expense to treat a specific condition and a

BYUFootballisBack

5/20/22 10:30pm

<< Deleted >>

ochobeeguy

5/21/22 12:32am

It is but you need a prescription from a doc. Also, only the amount over what you would’ve paid normally

Pimpin4Paradise

5/20/22 10:38pm

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