It would be great to get your thoughts. I have 70k in an RMSA (retirement medical acct). It grows tax free and has been returning about 7% per year during good/bad times. However, it is use it or lose it. I have no control over the investments. I can use the money for myself and my wife including premiums and all medical related issues. So, while over the years I have dipped into the fund, I have really liked the tax free growth, esp. during the down market.
We are healthy early 60s and so far have not spent much more than our premiums on medical care. We are fortunate to have vision & dental coverage.
So, I understand the risk of waiting to spend this money. But, your thoughts and experience for when it makes sense to begin to use these funds is appreciated. Please don't hesitate to ask ? if you need more information. Thanks
We are healthy early 60s and so far have not spent much more than our premiums on medical care. We are fortunate to have vision & dental coverage.
So, I understand the risk of waiting to spend this money. But, your thoughts and experience for when it makes sense to begin to use these funds is appreciated. Please don't hesitate to ask ? if you need more information. Thanks