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You can't overcontribute to an HSA, since after age 65, you can take taxable withdrawals for nonmedical uses. According to a 2021 report from Devenir Research, the average health ... year savings and help you build funding for medical costs in retirement.How to use your health savings account (HSA) for retirement?
Health savings accounts were created in 2003 ... And yet 18 years later, many people don't make the most of these accounts. Let's fix that. Here are some of the lesser-known but important ways to use your HSA: So, when might it make sense to invest the ...Can I save money with health savings account?
It’s also important to understand the rules before you decide. IRS rules say you can no longer contribute pre-tax money to your HSA once you’re enrolled in Medicare, said Matthew DeFelice, a certified financial planner with U.S. Financial Services in Fairfield.