On Jul 21, 2014, at 6:34 AM, Martin Blais <[email protected]> wrote: > I read up a little bit on HSAs out of curiosity. As far as I can tell, it > looks like it behaves like an IRA where there's no withdrawal penalty when > you take money out to pay for medical expenses. (Is this right?)
Yes, that is right, except change “withdrawal penalty” to “withdrawal penalty or US federal tax”. I’m facing the same question with 401k as well, but the Health Savings Account is more complicated because you can’t just assume that every account increase is a contribution (like you probably can with a 401k). It is really just a regular account, and you might have interest or a refund from your doctor. Nathan
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