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re: Using HSA withdrawals to fund Roth IRA
Posted on 10/25/20 at 5:40 pm to castorinho
Posted on 10/25/20 at 5:40 pm to castorinho
Like I said I can’t find any Disadvantages. But the Advantages I’m coming up with are:
1.) earlier withdrawal age
2.) easier to pass onto beneficiaries
3.) better fund choices in IRA
4.) no longer am tied to withdrawing funds based on medical expenses. (I can withdraw from IRA what I put in for any reason if I needed to)
4.) no longer have to keep track of those medical expenses. Basically start fresh.
1.) earlier withdrawal age
2.) easier to pass onto beneficiaries
3.) better fund choices in IRA
4.) no longer am tied to withdrawing funds based on medical expenses. (I can withdraw from IRA what I put in for any reason if I needed to)
4.) no longer have to keep track of those medical expenses. Basically start fresh.
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