Fermion
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I am sure this has been asked before, but maybe not for the same reasons.
Before our taxable cash got too low, I set up a 72t which also gave us the minimum income to stay above 138% of FPL. I have been trying to keep our MAGI right around there, and I supplement our income needs with after tax cash.
The cash pile grows smaller, even as our net worth has increased due to the glorious market that never ends (bonds helping too now).
I have been eyeing the future years between age 54 and 65, the ACA years remaining and my plan was to pull out Roth contributions for additional non MAGI income after we deplete our cash (projected to run out in about 5 years or so.)
I had not really considered our HSA, but when I think about the medical bills from the past decade plus, they add up. We were never re-imbursed for them. I probably have the receipts in a box, I keep everything, but it is likely in the barn under 200 other boxes.
Anyway the question. Should I go ahead and re-imburse myself now from the HSA, or just do it as a lump sum right before our cash pile runs out? Are you more likely to get an audit if you have a $15,000 re-imbursement rather than doing a little bit each year?
Would you take from the HSA reimbursement before you took out Roth contributions or 5+ year conversions?
Before our taxable cash got too low, I set up a 72t which also gave us the minimum income to stay above 138% of FPL. I have been trying to keep our MAGI right around there, and I supplement our income needs with after tax cash.
The cash pile grows smaller, even as our net worth has increased due to the glorious market that never ends (bonds helping too now).
I have been eyeing the future years between age 54 and 65, the ACA years remaining and my plan was to pull out Roth contributions for additional non MAGI income after we deplete our cash (projected to run out in about 5 years or so.)
I had not really considered our HSA, but when I think about the medical bills from the past decade plus, they add up. We were never re-imbursed for them. I probably have the receipts in a box, I keep everything, but it is likely in the barn under 200 other boxes.
Anyway the question. Should I go ahead and re-imburse myself now from the HSA, or just do it as a lump sum right before our cash pile runs out? Are you more likely to get an audit if you have a $15,000 re-imbursement rather than doing a little bit each year?
Would you take from the HSA reimbursement before you took out Roth contributions or 5+ year conversions?