qwerty3656
Full time employment: Posting here.
- Joined
- Nov 17, 2020
- Messages
- 762
I understand value of funding an HSA and the idea of keeping receipts and delaying withdrawal of HSA to let it grow tax free. However, if I need/want to draw some tax free money, then I should probably draw from HSA instead of the Roth, right? This would be situations where, for example, I want to control my taxable income and/or where I'm not yet 59 1/2 and can draw down the "principal" of the Roth (or HSA with qualifying expenses) w/o penalty.
My thinking is the HSA is more valuable to fund, but once you've taken the tax deduction, the Roth money has less restrictions on it.
My thinking is the HSA is more valuable to fund, but once you've taken the tax deduction, the Roth money has less restrictions on it.